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"The strong economy and massively growing tourism figures are giving birth to predictions that Turkey will be one of the hottest property markets in 2011, not least because of the 21.9% growth in the construction sector in the second quarter, out of a 10.3% GDP growth.
The 32,000 Brits who currently own property in Turkey, as well as the thousands of foreigners who own a combined 63 million square meters of Turkish property, tell us that Istanbul as well as the Mediterranean and Aegean Coast areas are the most popular, with Antalya property proving to be among the most popular of all.
The economy is one of the main reasons for the predictions, according to the OECD the economy has grown 8% in 2010, and according to the consensus of predictions from the government and IMF growth will remain at above 5% for the next 2-3 years.
With such a strong economy, and tourism returning to strong growth after only a slight dent, as well as the fact that the Turkish government's efforts to pay down debt and solidify the fiscal stance, it almost goes without saying that investor confidence in Turkey is at its highest point for many years. In a country that is so popular with holiday home buyers, massive investor confidence in all sectors, including property can only increase sales.
It is hard for us not to sound biased, so let us put it to you like this: Looking across Europe, can you see a country that looks in better shape or a better prospect for property investment than Turkey property?
