British firms are more than developing a taste for Turkey according to latest figures which see Brits to have topped Turkey’s foreign investor leader board, bringing in 1.2 billion GBP in the first half of 2012.
Commenting on the numbers, Britain’s Acting Consul General to Istanbul, Syed Shah, attributed the appeal to Turkey’s positive economic performance and its geographical importance as a gateway to Eastern markets.
‘With the benefit of the increasing number of structural reforms, Turkey’s powerful economy and bilateral relations are encouraging investments,’ he said.
‘Turkey’s geopolitical importance also draws Britain’s attention – Turkey is a bridge to Europe, the Middle East, Central Asia and North Africa, so these markets also offer opportunities for Turkey and Britain.’
In the first six months of 2012, foreign direct investment in Turkey rose by 21 per cent to 5.9 billion GBP. UK Trade & Investment rank Turkey as a top 20 primary market.
Suleyman Akbay, MD of Oceanwide Properties, a firm specializing in Turkish real estate , adds, ‘Turkey has long held an appeal to Brits as a holiday home destination, but with all this business investment happening too, those with a view to growing their money soundly are wise to look now for property for sale in Turkey, both to get the best out of your investment and to take advantage of the currently low prices comparative to Europe. We are already seeing that this will undoubtedly change.’
Home values are currently averaging over 10 per cent year on year growth in Turkey, with Istanbul seeing gains of of 12.29 per cent annually.
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Source: Hurriyet Daily News