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Old 24-05-2008, 12:27 PM
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Sunny Days Sunny Days is offline
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Default Is Turkey the new Spain of the 1980s?

[quote=New Home in Turkey;36272]Everybody having something to do with overseas property investment, know that Spain has been for quite a long time the unbeatable champion in this business.
Not that I am an expert but I think that this was mostly due to the very fact that Spain was the very first country to open its door to overseas property purchasers, was a member of the EU, and of course attracted the UK market, which I think is the strongest market in this business. Of course, no need to say that Spain, by its beauty,history etc, was, and still is a magnificent country.
However, things seems to change slowly these days. Prices in Spain are way over the top, almost everyday a new article on a bribery scandal makes the news, over development makes the entire business crackle.
To sum up, "new" competitors such as Turkey, Egypt, Morocco etc are now under the spots, and try to expand their influence in the business.
The question is: Does one of these emergent markets take the throne or will Spain always stay as the primary market for overseas holyday home purchasers?[/QUOTE

Check this link out for a parallel:
Turkey Property | International Property, International Real Estate
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