Wednesday, 9 January 2013

Is 2013 This 12 months The Best Time To Commit In Turkish Real estate

Turkey now has witnessed first-hand a period of firm government since the "Erdogan AKP" party government was elected in 2002 The nation has been in a solid period of social and financial reform A developing of the banking system has resulted in an broadened international bank industry which in tango with the ruling party has been enacting more fiscally responsible policies This is evident in the private sector and by government paying down responsibilities which has composed the enviroment of stability and certainty. This commenced and was accelerated during the boom At that instant there were a multitude of other stars in the property market that have since passed. Declined prospects of the areas that were once as attractive due to more simple path to EU accession and all the economic benefits and thus property market boosts that once went hand in hand.
That seems now to be times past and many would assert that being tied to the EU is a bond now
So Now, the EU is a shadow of its former self and Turkey is reported as one of the fastest growing economies in the market. Other challenging destinations seem now to have costs due to the EU and recession, there are only a handful of destinations in Areas worth purchasing in and Turkey is certainly one of them.
It is in a phase that still gives huge value for money with a young population that is aspirational and compromising the advantages of a growing economy. Maybe it is wise to look at areas that do not have an oversupply but in the conurbations that have a supply lag and can generate higher rental yields. Such As Istanbul Izmir and other emerging cities that have large educational facilities.
In Turkish tourism the year 2008 hit 26 million visitors, up 3 million from 2007 and has risen each year on year, In the seven years 2002-2009 Turkish GDP gains averaged 6.17% per year. In these same time frames the Turkish government had been reducing public debt and bringing reduced and stabilizing inflation.
This growth is starting to give a different financial market there has been recent plateaus but it has growth that is the envy of many other economies System spending makes specific area changes like new airports and roads.
In conclusion this may be the ultimate year to invest. The prices in some areas are still influenced by world slowdown but in other areas fuelled by new cash rich investors such as Russians and Arabic states that find the Muslim based culture attractive.
The Turkish Property market still seems very good-looking maybe not so much in the old-school sense maybe it is best to look at the evolution of the country as a whole it has massive tourism attributes but that is not all and maybe if a combining of goals could be achieved with an investment that would represent a super decision.

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