Turkey flying high

Despite the economic downturn globally, Turkey's economy is proving to be extremely robust...

According to Cumberland Properties, Turkey's property market seems to going from strength to strength and the country is re-emerging as an established investment hotspot.

Eric Kaya, Director of Cumberland Properties said: "The economic advancements and developments in Turkey are hugely positive at the moment and buying into Turkey during this period of growth is an ideal investment opportunity.

"Would-be investors can now be assured that they are investing into a nation with a healthy economy and one where the property market holds long-term potential for strong capital appreciation."

Turkey represents the best investment opportunity in the overseas market that anyone is likely to find over the next year and a half.

The country has rebounded incredibly since its economic crash seven years ago and is now in a position of strength compared to the UK, as it is on the verge of recovery having already experienced the repercussions of the downturn in their economy

Confidence

Meanwhile, consumer confidence in Turkey increased 2.37 percent in January to 71.56 points over the previous month on the official index, the Turkish Board of Statistics (TURKSTAT) announced on Monday.

According to the monthly Consumer Tendency survey carried out by TURKSTAT in cooperation with the Turkish Central Bank, purchasing power decreased to 62.72 percent in January 2009 from 64.9 percent in December 2008. 

The general economic situation index for the next three months increased to 63.87 percent from 62.19 percent, while the job opportunities index for the next six months rose to 64.92 percent from 63.42 percent.

Source: www.gowealthy.com