Turkey Property Investment News

Turkey maturing

Turkey maturing

According to property developers, the housing market in Turkey has grown into an established, secure investment destination.

With the Turkish government this week confirming that it will quicken its reform process in anticipation of EU membership, the future looks bright for the country's economy and property market.

Talking to World of Property magazine, Paul Benedek of Solaris Villas confirmed the excellent prospects for investment in the Anatolian peninsular:

"Turkey has really emerged as a prime property market over the past decade. The governmentâ¦started developing the infrastructure to support tourism in newly developed areas."

EU enlargement commissioner Olli Rehn this week praised the progress made by Turkey, but added "political forces in Turkey should act together to modernise and reform", reports Xinhua.

Mr Benedek said that the rising property prices in Istanbul were illustrative of the country's determined development plans:

"This infrastructure has made Turkey more accessible, with new roads and enlarged airports being built and existing road and air routes being expanded - and has made property in Turkey more popular."

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