As we head in to 2011, property investors around the world are likely to be more cautious about where they spend their money. Many potential buyers are now seeking out markets with secure economic fundamentals and developments with the potential of realistic returns.
Steven Worboys, managing director of Experience International, explains that Turkey is one country which appears to be ticking all the right boxes.
Boasting record tourism numbers, a booming real estate sector and exceptional economic performance over the course of the past year, it is likely that investors will continue to be drawn to the market. The latest OECD report states that the country is expected to post over eight per cent GDP growth in 2010, with the figure remaining over five per cent in 2011 and 2012 also.
"International real estate still remains one of the most popular investments available but many buyers have been stung in the past and are now more cautious, seeking out markets with secure economic fundamentals and developments with realistic returns," Mr Worboys added.
- Thursday 02 December 2010