Turkey 'increasingly popular with foreign investors'
Foreign investors are increasingly choosing to invest in Turkey's property market, according to a national newspaper.
The Turkish Daily News stated that investing in the country's real estate was becoming a "hot new trend" among overseas property investors.
This was attributed to the country being a high-growth market, as it offered investors the chance to get higher yields than they could in more established markets.
Istanbul was described as the main hotspot, as it was widely seen to offer a multitude of investment opportunities.
The newspaper said that on a national scale, foreign investments in Turkish real estate were likely to increase from £896 million to more than £1 billion.
In addition, it stated that during the next decade, more than 7 million new properties could be built across the whole Turkey.
This, it predicted, would also lead to an expansion of the country's real estate market, especially in areas such as Istanbul.
Last week, UK newspaper the Telegraph described the announcement of a new airport airport being built near Alanya as "good news" for British investors, as the area had become highly popular with foreign buyers.
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