Posted by meb at February 25th, 2008

A 53-percent rise in demand in the Turkish construction sector stems from the decrease in the estate prices and the media effect experts say, according to a report prepared by NatWest International, a UK bank.

The estates across Turkey are expected to attract strong interest by foreigners within the next three years due to their low prices. Bulgaria and Turkey top the list with 75 and 56 percent in buyers’ preferences respectively, according to the survey conducted among real estate experts of the bank. France ranks third with 46 percent and Portugal fourth with 41 percent.

While 53 percent of the survey’s experts associated the rising demand with the low prices and media effect, 33 percent put emphasis on the advertisements in the press abroad. 31 percent of the English real estate consultants said customer demands increased abroad, whereas 12 percent emphasized that the rising real estate prices in England as well as the revenues from the international investments led to an increase in demand.

Source: Turkish Daily News

Related posts:

  1. Construction sector in 2009: Only the fittest will survive
  2. 5th construction Fair to be held in Istanbul
  3. European real estate sector eyes Istanbul
  4. Turkey’s real estate sector to pick up pace
  5. Foreign real estate purchases reached $10 billion in 5 years