Posted on 14 February 2011
Turkey to Step up Efforts to Join EU in July
Turkey plans to revamp its progress towards becoming a full member of the European Union from July 1st, when Sweden takes over the EU Presidency from the Czech Republic.
According to Turkey’s environment and forestry minister Veysel Eroglu, Turkey will be pushing to open negotiations on the environment chapter. Eroglu said this was the hardest chapter to pass and that Turkey was currently working on several draft laws for the environment to ensure their success.
EU accession is the single most important thing on the horizon for Turkish property. It is a set-in-stone trend that EU membership provides a massive boost to property price growth in new member states; with Bulgaria and Estonia as shining examples.
The Turkish property market — perhaps unlike those that have gone before it — is doing brilliantly in its own right, with prices still growing on some properties and in some areas even as prices fall all around the world. This being made possible mainly by record tourism growth; 23million visitors last year, and 30million expected this year.
Turkey’s path to EU membership has been proceeding slowly for several years now. If the government can make significant progress; and full EU membership for Turkey looks like becoming a reality it will likely trigger a buying spree; with overseas property investors attempting to buy in advance of the massive price growth EU membership will bring.
Source : Spot Blue