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Turkish exports grew 6% in July compared to last year (2010-09-02)"

Turkish exports grew 6% in July compared to last year (2010-09-02)

According to the latest data from Turkstat, Turkish exports grew 6% in July this year compared to last year.

Germany remains Turkey's biggest trade partner, although this is far from as set in stone as it was once considered owing to Turkey's recent rash of trade agreements with countries around the world.

Exports to Germany grew 23.3% in the year to end July.

The United Kingdom was the second biggest exporter of Turkish goods, Italy was 3rd and (sign of the times) Iraq was 4th.

Aydin Cakir, director of New Home in Turkey commented:

"This is the latest in a rash of positive macro-economic data to be released by Turkstat this year. This is all adding to foreign property buyers' confidence that Turkey is a safe and stable economy, which is growing faster than any of its EU rivals. Confidence is one of the biggest factors in an overseas property purchase at the moment, and that is why Turkey is so strong on today's international scene."

Speaking of property, Turkstat also revealed data on the residential housing market this week. The data showed the internal housing market falling since last year. But that is more because of 2009 being a abnormally strong period, than a reflection of a weakening of the market this year.

From a foreign buyers' perspective, property in Turkey is reportedly going from strength to strength. 2009 was a remarkably strong year, because of the increased exposure to British tourism and property buyers owing to the strength of the euro against Sterling. Making that a hard year to follow 2010 is thought to be holding its own, while we wait for data to come in.

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