Posted on 04 December 2010
Turkey’s economy continues to grow stronger and stronger and is anticipated to continue with forward momentum heading into 2011. Turkey is due to surpass China, the United States, Brazil, and Japan in national income, according to the International Monetary Fund (IMF), taking 12th place in EU countries.
At 729 billion US Dollars and growing at a rate of 10% per year so far this year, foreign investors are sitting up and taking notice of the crouching Turkey hidden dragon
According to the Organisation for economic Cooperation and Development the Turkish economy is to grow 8.2% this year. This exceptional growth is boosting investment in all sectors, including if not especially property investment.
According to Turkish property agent Spot Blue it is a great time to be marketing Turkish property.
“We have never enjoyed marketing Turkish property more than we are enjoying it right now, and that includes even during the boom,” said Julian Walker, director of the firm.
“At the moment, most people are coming to us after they have done extensive research into global property markets and definitively chose Turkey as the place to buy, so for us it is just a case of helping them to choose a property from our extensive portfolio. This allows us to let the properties and location location locations talk for themselves,” he explained.