Rising Property Prices May Attract Investors
Property investors should act quickly to take advantage of rising prices in Turkey, it has been revealed.
According to Ozgul Ozkan Yavuz, director of events and organisations for Istanbul2010, both tourism numbers and property prices have been on the up in the last five years - making property investment in the country particularly appealing.
Istanbul2010 is the group responsible for managing the programme relating to Istanbul's appointment as the European Capital of Culture in 2010, and Ms Yavuz went on to say this newfound status would further enhance the city and country as a viable location for property investment.
"It will be more valuable because there will be more demand from the international arena with more international artists being aware of Istanbul creating new artistic talents," she explained.
"[The European Cultural Capital status] may affect this."
Research conducted by the Republic of Turkey's Ministry of Culture and Tourism shows 21,500,000 foreigners arrived in Turkey in the period January to September 2008 - up 13.29% on last year's equivalent figures.
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