Turkey’s Non Euro-Zone Status Is Beneficial for Bodrum Property
Turkey benefits from not being in the euro zone. There are plenty of choice deals currently on offer for overseas investors, but those in the sector have reasons to wonder how long this can last. Experts say there has never been a greater time to bargain.
Tourism is growing, with visitor figures for the first 10 months of 2008 showing a rise of a massive 13.1 percent. Turkey also has an acute housing shortage as an increasing number of businesspeople swell the cities and with older places falling out of favor, the modern trend is to purchase choice, new build.
There is reason to believe that such a "nirvana" will cease shortly as Turkey benefits from not being in the euro zone. The country’s economy is proving robust and its property market is growing from strength to strength, according to a Dubai-based lifestyle Web site.
Turkey has long been a favorite with international investors, and there are plenty of deals being offered, but those in the know are wondering how long this can last, Property Week, a news magazine in the commercial Bodrum property market, reported last week.
"I cannot remember a time when there were so many offers to entice buyers for property in Bodrum," said Robert Nixon, executive director of Nirvana International.
"As a company specializing in Turkey, we are amazed at the number of choice incentives currently available from developers," he said. "However, we also wonder when they will end."






















