(PRWEB UK) 27 May 2013
Commenting on the (Ernst and Young Report on Turkey attractiveness, May, 2013) Loxley McKenzie, Managing Director of Colordarcy, said, “Turkey can now count itself among the top 20 economies in the world which makes it a good time for those considering investment.
"Turkey certainly has a lot going for it as a safe haven for investors. It has just been given an investment grade from Moody’s and its economy is expected to grow a further 3.5% this year which is stronger than the 2.2% achieved in 2012.
"Property prices still increased by 10.5% in 2012 even with GDP figures down on the previous year, so there is every reason to expect that the property market in Turkey will continue to outperform most other countries in the world, having finished second only to Brazil in 2012.”
The most telling piece of data to come out of the Ernst and Young Report, according to Colordarcy analysts, is that 81.6% of investors who are already established in Turkey planned to invest again compared to just 15.9% who were not established in the country.
McKenzie added, “This tells us that Turkey’s economic growth is unlikely to be a flash in the pan. Once they become established in Turkey, investors are doing well enough to consider expanding their operations.
"For investors considering an investment in Turkish property, this confidence among business leaders is encouraging because it means that jobs will be created and the economy will grow further."
Colordarcy are currently offering investors the chance to invest in Istanbul property from just £44,000 for an apartment with a 6% rental guarantee for two years.
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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