(PRWEB UK) 17 January 2013
Loxley McKenzie, Managing Director of Colordarcy commented, “It is hard to find a good real estate investment opportunity if you happen to live in Europe at the moment.”
Things are so bad in Europe that Ireland, one of Europe's hardest hit countries in the crisis and, arguably, still one of the worst affected, is being seen as a model for recovery (Source: The Economist).
Fortunately, according to analysts at Colordarcy, just on the fringes of Europe there is a country where the price of new homes increased by just over 12% in 2012 (Source: Gyoder).
This was several percentage points higher than the UK, and to the north of Europe in countries like Sweden, which is slowing due to measures being put in place to cool its runaway housing market.
Unlike Sweden, this country doesn’t have household debt at 170% of household income and it doesn’t have property prices higher than London.
What this country does have according to Colordarcy is a small budget deficit, a well-run and stable banking system as well as controlled inflation.
The average GDP growth rate (2.9%) of this country over the next 50 years will put it among the fastest growing economies in the world, according to a recent report by the Organization for Economic Cooperation and Development (OECD).
This may be the future, but investors will have already seen the country posted an annual GDP of 9.2% and 8.5% percent in 2010 and 2011 and an estimated 4% in 2012.
Colordarcy highlights that the long-term growth prospects of this country are so good, that it is tipped to reach 7th place in the world’s top economies in the OECD’s ‘Looking to 2060’ study.
The engine room for this growth is a burgeoning city, which despite not being the capital is fuelling an unprecedented property boom that is attracting the attention of investors from all over the world.
This country is of course Turkey and the city – Istanbul.
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.
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