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Investors Should Be Eyeing Turkish Deals

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, 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.

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 pattern for positive growth. Lastly, Hilton just having announced a new 829 room luxury hotel in Istanbul, just in, like we said.

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

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets including part owner of Pamil Visions with wife Mihaela. 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. Phil is currently top interviewer, and journalist at Realty Biz News.

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