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Investment
Turkey is a booming market, with property prices having risen well over the inflation rate for the last 4 years. The sudden increase in the property market has been fuelled by overwhelming demand from European buyers. As Turkey has opened up to more tourism, more people have been introduced to the splendour and unique qualities that Turkey has to offer. When the law governing foreigners owning property was changed 4 years ago the flood gates opened and Turkey has been riding on the crest of a wave of interest that has only continued to grow and is still approaching its peak.
So, when will the wave hit the beach? As with all booms there has to be the inevitable bust, but with prices still way below their other foreign market rivals, a coastline stretching for nearly 7,000kms and a largely uninhabited land mass 50% larger than Spain, the future potential for Turkey is literally enormous. With property prices still well below its main rival countries, Turkey offers many other attractions that will continue to draw people from all over the world for many years to come... |
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