Archive for December, 2010
December 8th, 2010 | 
Author: Turkey’s economy will lure investors in 2011
Turkey’s exceptional economic performance will continue to attract overseas property investors, according to Turkish property expert Steven Worboys.
Worboys is managing director of Experience International, and he said: “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. Turkey’s economic performance over the past 12 months speaks for itself with over 8% GDP growth expected for 2010 according the latest OECD report and remaining above 5% in 2011 and 2012.”
Turkey’s banking system has managed to steer clear of the worst effects of the recession, and has had its rating upgraded by two international credit ratings agencies.
There is significant economic growth, with the Istanbul Stock Exchange gaining 4.5% in value in 2010 so far. This growth has been mirrored in the Turkish real estate industry, with the construction sector experiencing 21.9% growth in the second quarter of this year.
Worboys said: “”Turkey is now a serious global economic contender; with its robust V-shaped economy the nation bounced back quickly from recession and now is capitalising on its key fundamentals, enjoying a period of growth and prosperity.”
Extracted from the Overseas Property Professional website 8th Dec 2010.
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Today was one of those gorgeous cold, crisp days in winter when the skies are crystal clear and you can see for miles around. All being quiet in the office I decided to take myself for a bit of a drive – something I don’t get much chance of without several screaming kids in the back! I headed over to Akbuk where we are building a couple of villas to check on their progress and take a few update pictures. Then I followed the road out of Akbuk in the Milas direction where the road winds high into the pine forests then dips through Kazikli following lush olive groves towards Bozbuk.
The photo I have included here is of Akbuk looking down from the Kazikli road. As with all photos, unless you are a professional the picture never conveys the true beauty and clarity of the view – it is simply breathtaking, expecially on a day like today when the clarity of the air quality enables you to see for miles and miles.
The villas, by the way, are looking very good. You can see the details in more depth on http://www.myturkishhome.com/turkish_property_list.php?cat=Key%20Developments&f_category_id=1, though I have posted a sneaky extra photo here for you..
