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Turkey property continues to be of great interest to foreign investors who have watched this fast growing economy with interest. It was the world's third fastest-growing economy for the second quarter this year, with only the Far Eastern countries of Singapore and Taiwan being ahead.
Much of this fantastic growth is due to construction which grew over 20% in the second quarter of 2010 leading to many enquiries from investors looking for residential property and holiday homes in Turkey.
Those investing in the country at the moment are expected to benefit from price rises as the economy continues to surge into its recovery from the global downturn.
Turkey has enjoyed a steady fall in unemployment figures and a continued growth in the tourist industry, and Istanbul in particular has received particular interest from investors after being named the European Capital of Culture 2010.
This has boosted the number of tourists to the city's rich cultural history and is a very lively destination. It is home to several high-profile events including the International Film Festival which is held here every year alongside many other cultural events such as pop concerts, museum exhibitions and Opera.
Istanbul not only offers rental opportunities for tourists but also for locals who have moved to the city to find work. Developers in Istanbul are currently struggling to meet the demand for housing in the local and foreign markets. This has meant sales of Istanbul properties have remained high, with particular interest in high specification homes, especially on the European side of the city as these offer the chance of excellent rental income.
