Turkey as a considerable real estate market
Posted by meb at May 12th, 2008
Turkey has an unexplored real estate market, and tourism gains importance day-by-day, reported the British newspaper Daily Mail, which also noted the facilities provided to foreigners in acquiring real estate.
“Turkey’s accession to the European Union might be 10 years far, but there is an increasing tendency in real estate sales,” the newspaper said.
“The infrastructure in coastal cities has been improved within the last five years, while mortgage purchases have been facilitated. The real estate prices increase by 15-25 percent annually. Therefore, there is a substantial amount of initiative potential in Turkey,” Daily Mail said, describing Turkey as a reasonable place for tourists.
“Besides the historical monuments and museums, Istanbul has also become very popular for its rapidly growing number of rooftop bars, which promise an alternative lifestyle for tourists,” according to popular travel Web site lonelyplanet.com.
source: Turkish Daily News
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