A significant percentage of independent financial advisors (IFAs) believe that their clients could benefit from investing abroad. Indeed, 71 per cent were in favour of the investment option, according to research commissioned by the Belek Golf Club.
Furthermore, when asked to pick one hidden investment gem from a list of current EU member and candidate countries, one in five revealed that Turkey was their country of choice. Other popular destinations for investment included Germany, Croatia, the UK, Poland and Macedonia.
Paul O'Connor, IFA and senior partner at The Warren Joseph Partnership, said: "In the current economic climate, we have seen a real increase of clients looking for other investment opportunities."
In particular, Mr O'Connor cites Turkey as being the destination for potential investment. As Turkey is still a fairly unknown market, where information on opportunities is not so readily available, "it creates space for extra profit for the investors in the know
", he explained.
- Tuesday 28 September 2010