Turkey still 'a good option'
Turkish property remains a good investment option despite the uncertainty in the global economy, according to a financial institution.
The widely-reported problems in the UK housing market have persuaded some people to consider investing abroad, as some emerging property markets have remained relatively unaffected by the current economic turbulence.
One of the places where property investors can still feel reasonably safe is Turkey, according to Ian Jones, director of investments at fund manager Cordea Savills.
The Turkish stock market has dipped 27% in the past 5 months and the country's currency has also weakened, reports Reuters.
However, Mr Jones told the news agency that conditions are still right for property values to rise.
"This is a country of some 70 million people with half of the population under 30 and with an average annual population growth of about 1%," he explained.
His words came just days after the Turkish Daily News reported predictions from local property market experts that prices in the area close to the resort of Bodrum would eventually match those in Majorca.
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