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Investors Should Be Eyeing Turkish Deals

By Phil Butler | October 31, 2012
  • With an eye on the best emerging markets in Europe, Turkey has become not only a solid performer where travel and tourism is concerned, but for real estate investment as well. Reforms there, along with one of the region's strongest economies, measure up for real opportunity.

    turkey

    Turkey, relative to counterparts in the EU, has what anyone would consider solid economic growth. This growth, combined with reforms in their property laws, make for powerful incentives across several industries. Luxury developments, rising up out of flat tax advantages, stand as just one possible avenue for entering the Turkey market.

    istanbul
    Time to dance in Istanbul - courtesy "istanbul!place apartments"

    Greater political stability, and of course the opportunities for growth, round out what many experts see as the biggest "potential win" on the Mediterranean. Property prices outside Istanbul are still really low when compared to other Eastern Med states. As a trend, Turkey is already on the radar of Middle Eastern investors, as well as Germans looking for same.

    A very positive credit rating, Moody’s recently upgraded it from Baa2 to Baa1, Jones Lang LaSalle predicting more institutional investors, in fact nearly all the indicators point to Turkish real estate as a hot commodity for 2013 and beyond. Regional influxes, the Olympics at Sochi, Emaar Properties recent development announcement, and many more positive bits of Turkey's property puzzle seem to fit a pattern for positive growth. Lastly, Hilton just having announced a new 829 room luxury hotel in Istanbul, just in, like we said.

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    istanbul!place vacation home rental

    We will keep a sharp eye on developments there.

    Image credit: Top image - Mesa Group, apartment images - courtesy istanbul!place apartment rentals.

    Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license.
    A graduate of The College of Charleston, Phil also served in the United States Navy, and has worked for any number of Fortune 500 companies. Together with his wife and partner Mihaela Lica Butler, Phil also helped forge Pamil Visions PR into one of the most successful online PR companies in the world. His greatest accomplishments however involves being the best husband, father, and friend he can be.
    Latest posts by Phil Butler (see all)
  • One comment on “Investors Should Be Eyeing Turkish Deals”

    1. With the financial state of the EU vs Turkey's finance situation I would think the EU would be trying to get Turkey to join and Turkey hestitant. I can't halp but wonder just how long the EU will be able to hold together. I've thought that the principle of the EU is good in thought, but is not practical and will have a hard time keeping it together.

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