At what rate has capital appreciated nationally?
Turkey is becoming a larger focus for overseas residential investors with growth being reported at increasing levels. Talks of EU accession and more promising laws to accommodate foreign purchasers coupled with a large increase in tourism figures are factors that caught the eyes of many investors. Turkey remains a candidate member to join the EU in 2015 which is a positive factor for people looking to invest in the country. Domestic demand is expected to increase over the next decade, as Turkey has a young population growing at a steady pace. It is estimated that almost 60% of the population is under the age of 30 (total population estimate is 71 Million). Economic reform andincreased levels of income will have a positive effect on the property prices in the region. In response to determinant macroeconomic policy implementations throughout the past five years, GDP growth has reached 7.2 % on average and 6.1% in 2006, making Turkey one of the fastest growing economies in the world.
