Dwindling high streets are a fact of life for towns and cities all around Europe as economic problems hit hard, but there is a country not too far away where the opposite is true – that country is Turkey.
(PRWEB UK) 26 July 2012
Loxley McKenzie, Managing Director of Colordarcy Comments, “Understandably the markets have the jitters at the moment, everyone is a little bit jumpy about things like bubbles, some have even suggested Turkey might have a property bubble quietly inflating itself in Istanbul – I for one don’t think so...
If you live in the UK or take a stroll through a Spanish town, one thing both countries have in common are 'closed for business' signs or 'liquidation sales'.
Dwindling high streets are a fact of life for towns and cities all around Europe as economic problems hit hard, but there is a country not too far away where the opposite is true – that country is Turkey and more specifically its most famous city – Istanbul.
Buoyant economies bring out the shoppers, there is no argument against that and when we have more people shopping, then we also have more people shopping for property.”
A report by real estate services firm CBRE puts Turkey at 14th out of the 70 countries they surveyed for its appeal to international retailers.
Retailers don’t invest in foreign countries without knowing it will be profitable and Turkey’s demographics mean that there is a high rate of youth in the population and they are spending according to analysts at Colordarcy.com.
Tourists are literally flocking to Turkey’s shores. Cruises docking in the country have risen 276 percent over the past nine years. The first five months of this year have already seen 300 cruise ships bring 353,000 tourists to the country. (Source: Hurriyet Daily News 2012).
With property investors increasingly looking to emerging markets to earn investment returns, Turkey property continues to be a lucrative market in which to invest for high capital growth according to Colordarcy.
Economic growth, stability, undervalued property, a long holiday season, good accessibility, strong rental yields and a sound exit strategy are still proving irresistible to savvy investors.
Turkey has the fastest growing population in Europe, which is expected to hit 83 million by 2023 – up from its current 77.8 million. Istanbul is also the fastest growing city with a population of 12.7 million expected to rise to 15 million by 2023 (Source: Turkstat)
Such demand will continue to push property prices and rental yield upwards and this will continue to make Turkey an attractive alternative for international property investors.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
For more information, supporting pictures or logo artwork, please contact:
Tel: +44 (0) 207 100 2393