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Turkish market 'continues to thrive'

Turkey has overcome past problems and is now experiencing positive growth, an expert has stated.

According to Hisham A Rahman Khalifa, investment banking manager at Shamil Bank, the improved performance of the country is particularly apparent in its real estate sector.

Speaking to the Gulf Daily New, he said that following a major economic crisis six years ago, house prices have continued to head upwards.

This means that people who have bought an investment property in Turkey could find themselves in line to collect the proceeds of the capital growth should they choose to sell up.

Commenting on the country's investment potential, Mr Khalifa said: "Unike other markets, the Turkish real estate market still maintains intrinsic value in ongoing developments and has not reached a stage of over-supply or rampant speculation."

He added that Istanbul has been one of the best-performing parts of the country during the last few years, along with Antalya.

This comes after Moneycorp stated that during 2007, it saw a three-fold increase in the amount of interest in the Turkish market among British buyers.

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