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May 21,2008
 TURKISH property is said to have soared in popularity among British investors.
The number of inquiries relating to buying property in the country received by Moneycorp’s currency dealing desk has increased more than threefold between 2006 and 2007.
Established locations such as Istanbul, Antalya and Bodrum are still in vogue, as are other cities including Izmir, Ankara and Hatay. Both the short and long-term prospects for the Turkish property market are thought to be positive.
Prices in the country are said to be much lower than in the EU on average.
Marc Morley-Freer, at Moneycorp, said: “Undeniably, with the credit crunch and reports of financial doom and gloom, the global property market as a whole has seen a downturn over the past six months.
“At Moneycorp, however, we are still receiving a high level of inquiries relating to buying property in emerging markets like Turkey, Morocco and Cyprus as well as ‘lifestyle’ markets such as France, Spain and the US.”
Source: http://www.pressandjournal.co.uk/ |
