A Real Estate Investment Opportunity You Won’t Find At Home

The saying goes that no matter where you wander, there is no place like home. Unfortunately when it comes to property investment, I have discovered that this isn’t always true.

It can be hard to find even a good real estate investment opportunity if you happen to live in Europe at the moment. I read in the economist a few days ago that Ireland is being seen as a model for recovery.

Things really are that bad.

However, just on the fringes of Europe there is a country where the price of new homes increased by just over 12%. This was several percentage points higher than the UK, and to the north of Europe in countries like Sweden, which is slowing due to measures being put in place to cool its runaway housing market.

Unlike Sweden, this country doesn’t have household debt at 170% of household income and it doesn’t have property prices higher than London.

What this country does have is a small budget deficit, a well-run and stable banking system as well as controlled inflation.

The average GDP growth rate (2.9%) of this country over the next 50 years will put it among the fastest growing economies in the world, according to a recent report by the Organization for Economic Cooperation and Development (OECD).

This may be the future, but we have already seen 9.2% and 8.5%  percent annual growth in 2010 and 2011 and an estimated 4% in 2012.

The long-term growth prospects of this country are so good, that it is tipped to reach 7th place in the world’s top economies in the OECD’s ‘Looking to 2060’ study.

The engine room for this growth is a burgeoning city, which despite not being the capital is fuelling an unprecedented property boom that is attracting the attention of investors from all over the world.

This country is of course Turkey and the city – Istanbul.

How is the property market in your home country? Please leave your comments below:

Kind regards
Brett Tudor

Property Expert

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Categories: Property Invest / Turkey Property


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