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Turkish property market sees huge growth (2010-07-22)
The
Turkish property market has experienced significant growth over the past two years as sales have gone up 20 per cent, it has been claimed.
According to holiday experts, the marked increase has been aided by the country's tourism trade, with 44 million visitors to the country in the first half of 2010.
A company spokesman, revealed
Turkey had started to overtake Greece as a favoured destination among holiday home insurance customers, with both nations offering a similar standard of living but the former being cheaper.
"Since EU negotiations began with
Turkey in 2005, it's been a lot easier for foreigners to buy property, and there's been something of a land rush ever since," he noted.
"That said, there's still a hefty bit of red tape to wade through, though there are a number of paid services that help you get your documents in order and speed up the process."
