Posted by meb at May 23rd, 2007

Real estate juggernaut Coldwell Banker, which has an annual turnover of $350 billion in the US and Canada, is set to enter the Turkish market.
Coldwell Banker currently has approximately 4,000 franchise offices and 130,000 real estate brokers in 35 countries. Coldwell Banker Global President Jim Gillespie said at a meeting yesterday that they had decided to enter Turkey because of its stable outlook and good future business opportunities. “The EU negotiations show the trust in Turkey, and the progress in this field will attract more foreign investors,” he said and added that the new mortgage law had also played an important role in their decision to invest in Turkey.

source: Today’s Zaman

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