TURKEY RECOGNISED AS THE BEST INVESTMENT DESTINATION
Turkey’s appeal as an investment destination has rocketed after reports that the country’s foreign capital inflows made $684 million in April 2011, according to International Business Times.
The country’s treasury data revealed that the net foreign capital from January to April this year was $4.7 billion, which is the equivalent to an annual rise of 12.6 per cent.
The impressive figure is due to many individuals buying Turkish property, where real estate sales figures reached $300 million of the April figure.
Turkey has one of the hottest property markets in the world. Reports revealed 88 per cent of the capital entering the country’s economy was from European Union countries.
Hurriyet Daily News has reported this week that $5.32 billion has entered Turkey’s economy this year and is proving very popular amongst buyers in the UK and France.
Turkey’s ever growing property market is proving to be incredibly popular amongst foreign property buyers. Many individuals are buying properties as an investment or as a holiday home. Numerous buyers choose to let out their property when they don’t use it themselves, which is why Turkey has been recognised as one of the best countries to invest in.
Turkey’s economy has been admired for its continual growth and strength as many countries have struggled financially in the economic downturn. Turkey’s successful tourism industry has caught investors eyes and buyers believe the country is the best investment destination in the world.
Source: International Business Times