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Turkey continues to buck global trends with GDP growth rates of 12% generated for Q1 2010, Turkish banks increasing the availability of credit by up to 30% and now levels of foreign direct investment in Istanbul are up by 27% according to the Istanbul Chamber of Commerce (ITO).

Istanbul, which is said to be Turke’s powerhouse. has become a honey pot for international investors with the number of international investors planning to establish businesses or expand their activities in Istanbul by South Africa, Australia, Ireland, Scandinavia and the UAE all taking advantage of Istanbul’s significant housing shortage and investing in the domestic property market.”

In the first half of the year over 1,400 foreign investors set up companies within Istanbul with the total value of capital investments made in this period up by a remarkable 44.68% compared to the last half of 2009.
As Worboys remarks,

“International investor confidence in Turkey and especially Istanbul remains high. Being situated outside the troubled euro zone is very appealing and Turkey seems to have avoided the negative impact from neighbouring Greece.”

GDP forecasts for the remainder of 2010 currently sit at a healthy 6-7% and with extra support for candidacy from the British Prime Minister, David Cameron, on his recent visit, accession to the EU looks increasingly more likely for Turkey.

For those interested in investing in Istanbul then one particular real estate opportunity should not be missed.

No1 Knightsbridge currently offers 1, 2 and 3 bedroom luxury Istanbul apartments located in the burgeoning suburb of Beylikduzu, on the European side of the city. Currently Istanbul has a housing shortage of some 250,000 units per annum and so the demand for quality rental accommodation is high. Only 20% of units are available to

overseas investors and can be purchased from as low as £23,250 with 70% finance available for EU members.

For additional details please contact the experts at Experience International on +44 (0) 207 321 5858 or visit Experience-International.co.uk.

Tags: finance, investment, property, real estate, wealth