Turkish property to make Top 5 in 2007
Based on broad economic and political analysis of the country, property investment experts Amberlamb believe the Turkish property sector is on track to become one of the top five performing European markets in terms of capital appreciation in 2007...

A series of fundamental fiscal and political changes in Turkey is set to boost international confidence and direct investment in Turkey's property market in 2007, according to Amberlamb.

The Organisation for Economic Cooperation and Development recently issued their latest report on the state of the economy in Turkey. The report strongly praised the nation for its economic recovery in recent years, for the continued policies of reform in a bid to maintain exceptional GDP growth and for the country's commitment to the implementation of further fiscal, political and judicial reforms aimed at making Turkey one of the most competitive nations in which to invest, work, do business and live.

The report highlighted the work that still needs to be done in Turkey to boost the nation's attractiveness for foreign direct investment but it indicated that Turkey was on track for making the necessary changes, lowering excessive taxation burdens and minimum wage costs to attract more international businesses to Turkey.

On course to be in Top 5 in 2007

Furthermore, as Turkey proved earlier this year with fundamental improvements to the rights of foreign buyers of property in Turkey, the nation is working to improve the rights of foreign citizens wishing to invest in land and real estate in Turkey and it is working to improve transparency in law and bureaucratic processes to this end.

The positive legal changes to the rights of foreign buyers of property in Turkey that were exacted in January 2006 have so far resulted in excellent levels of buyer confidence in the Turkish property market and over 6,000 sales of property to overseas buyers were finalised between the law change in January and July 2006 alone.

While the appetite for foreign second homes, holiday properties and investment assets remains strong and European economic and interest rate environments continue to be kind to investors, the Turkish property sector will continue to expand, says Amberlamb. The property investment experts point out that Turkey is currently on target to return in excess of 12% capital growth in 2007 putting it well within the top 5 European nations in terms of real estate appreciation potential.EU membership on the horizon?

Meanwhile positive developments are continuing across Turkish economic and political life as the nation continues with its bid to become a member of the European Union. While everyone is aware that Turkey must overcome many obstacles and exact far reaching changes if it is to achieve accession, no one can doubt the nation's commitment nor the positive economic effects that potential entry has already reaped.

Turkey has become one of the strongest recipients of foreign direct investment into its construction and property industries from GCC nations with the largest GCC FDI commitments having been made following a decision earlier this year to allow Turkey to begin talks aimed at structuring the nation ready for EU entry.

In raising Turkey's profile during the beneficial talks with the European Union, the Turkish government not only won strong financial support from the GCC group of countries it also succeeded in promoting Turkey as an interesting, diverse, approachable and welcoming nation among the international travel and tourism community. As a result the World Travel and Tourism Council recently responded to dramatic developments in the tourism market in Turkey and released exciting predictions for the country suggesting that in the next decade an already healthy tourism market will double in terms of economic activity. This would in turn result in strong GDP growth, the creation of jobs in Turkey and the attraction of exceptional levels of foreign direct investment, Amberlamb predicts.

All indicators are that Turkey is on the right path to enjoy a journey of positive economic expansion and international acceptance and as a result it is one of the most exciting emerging nations in the world for property investors right now. Turkish property offers investors a low entry price, long-term capital appreciation potential and immediate and strengthening rental appeal therefore it has made it into the top five on Amberlamb's 2007 property investment watch list.

SOURCE: PRWeb

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I am undecided about Turkey. I do believe there is huge growth potential - but this investment game is all about timing.

This bit of news out today is a little worrying though:

Ultimatum may end Turkey EU hope - World - Times Online

Hopefully the gov't will do the required.

Flex.

Just a few of the companys that have aready invested in turkey .prior to them getting a answer from europe.The list İs not complete 215 company's in two years.There not waiting.


17-October-2006 - Ahlstrom Corporation - Glass, ceramics, minerals, wood, paper :
Ahlstrom, a global leader in high performance fiber-based materials, has opened two new sales offices, one in Istanbul and one in Monterrey, Mexico
.:14-October-2006 - Sato - Electronic components :
The office furniture manufacturer Sato plans to expand in Turkey and Germany in 2006 and 2007
.:05-October-2006 - Rohm and Haas - Chemistry, plasturgy, fertilizers :
Rohm and Haas, the acrylic polymer additives major, plans to build a 40,000tpa plant at Gebze
.:03-October-2006 - Iberdrola - Energy :
Creation of a Joint Venture with Calik Enerji to participate in the electricity privatisation
.:02-October-2006 - Metro Group - Distribution :
Retail giant Metro Group AG has announced plans to step up investment in Turkey and open more stores in 2007
.:28-September-2006 - Cisco - Electric, electronic & medical hardware :
The company has announced its plans to invest up to $275 million to promote technology projects in Turkey over a five-year period
.:25-September-2006 - NeoMedia Technologies - Consulting and services to companies :
The mobile marketing agency, 12snap AG, is now represented in Turkey with its own new subsidiary
.:23-September-2006 - Renault - Car manufacturers or suppliers :
Renault will open a new factory that will operate in 2 years
.:21-September-2006 - Super Spinning Mills - Aeronautical, naval & railway equipment :
India-based, Super Spinning Mills purchases the textile spinning plant of Turkey's Abalioglu Group
.:20-September-2006 - EasyHotel - Public works, real estate, transport, utilities :
Low cost hotel chain, EasyGroup, to open hotels in Turkey
.:18-September-2006 - MOL Group - Energy :
Gazprom could choose Hungary's MOL Group as an investor and consumer in an extension of an ambitious pipeline project
.:15-September-2006 - Honda - Car manufacturers or suppliers :
Honda is considering increasing the production capacity of the plant in Gebze, Turkey
.:08-September-2006 - Albis Plastic - Chemistry, plasturgy, fertilizers :
The Hamburg-based German company, Albis Plastic, distributor and manufacturer of engineering thermoplastics, to strengthen its distribution activities in Turkey with the establishment of a new subsidiary
.:25-August-2006 - Balta - Aeronautical, naval & railway equipment :
The Balta Group will build a factory valued at 40 million euros with 700 workers
.:23-August-2006 - Autoliv - Car manufacturers or suppliers :
The worldwide leader in automotive safety systems has recently opened two new manufacturing facilities
.:22-August-2006 - NBK Capital - Banks, insurance, trade, media :
The investment and merchant banking subsidiary of National Bank of Kuwait opens an office
.:16-August-2006 - Austria Tabak - Agro-business :
The tobacco company has bought a cigarette factory near the city of Izmir
.:12-August-2006 - Arcelor - Metallurgy & recycling of metals :
Creation of a new galvanisation line with the company Borçelik
.:28-July-2006 - Primion Technology AG - Data processing & software :
German group Primion Technology AG to open two new offices in Turkey
.:26-July-2006 - Oracle - Data processing & software :
The American company Oracle plans to open a comparable migration center in Istanbul
.:23-July-2006 - Marmillon - Car manufacturers or suppliers :
French company Marmillon to create a joint-venture in Turkey
.:10-July-2006 - Imer Group - Car manufacturers or suppliers :
Italian construction machinery maker, IMER Group has invested about 3.0 mln euro in a new plant in Turkey for production of cement mixer trucks
.:10-July-2006 - Estee Lauder Companies Inc - Textile, clothing, luxury :
The Estee Lauder Companies Inc. announced that it has established a wholly owned affiliate in Turkey
.:07-July-2006 - O Property Collection - Tourism, catering :
Vienna-based O Property Collection (OPC) has launched a $1 billion hotel and villa project in Turkey
.:03-July-2006 - Lukoil - Energy :
Russian giant Lukoil to open shops in Turkey
.:30-June-2006 - Global Investment Holding - Energy :
Global Investment Holding planned to make investment of USD 350 million
.:30-June-2006 - Teleunit SpA - Telecom & internet operators :
Teleunit SpA, the Italian telecoms group, is to expand its mobile content operations to Turkey
.:30-June-2006 - Frito Lay Inc. - Electronic ware :
Texas-based Frito Lay Inc bought an 86,000 square metre land plot planning to set up a chips production plant in Turkey
.:29-June-2006 - Moore Stephens - Consulting and services to companies :
Moore Stephens, a UK-based auditing and consultancy service provider, plans to open 10 offices in Turkey by the end of 2006
.:29-June-2006 - Nortel - Data processing & software :
Canadian group Nortel to open a center and create 400 jobs in Turkey
.:29-June-2006 - Fiat - Car manufacturers or suppliers :
The European Investment Bank supports Turk Otomobil Fabrikasi A.S. (TOFAS) will jointly develop and produce with Fiat small commercial vehicles
.:29-June-2006 - PSA Peugeot Citroën - Car manufacturers or suppliers :
The European Investment Bank supports Turk Otomobil Fabrikasi A.S. (TOFAS) will jointly develop and produce with PSA small commercial vehicles
.:26-June-2006 - Ikea - Furnishing and houseware :
Swedish group Ikea to open a store in Turkey
.:21-June-2006 - Banco Sabadell - Banks, insurance, trade, media :
Spanish commercial bank Banco Sabadell is to open a representative office in Istanbul
.:20-June-2006 - Dexia - Banks, insurance, trade, media :
Dexia to buy 75% of turkish Denizbank for $2.44 billion
.:19-June-2006 - Linde - Energy :
The German group Linde will buy Turkish gas company Karbogaz
.:19-June-2006 - Business Aegan Bank - Banks, insurance, trade, media :
Business Aegan Bank to open branches in Turkey in 2006
.:18-June-2006 - Accor - Tourism, catering :
Accor to invest 300 million euros to build 50 hotels before 2015
.:18-June-2006 - Publicis Groupe - Banks, insurance, trade, media :
Publicis groupe will acquire stakes in Turkish companies such as Yorum, Allmedia, Bold and Zone
.:18-June-2006 - Ethniki Bank - Banks, insurance, trade, media :
Greek Ethniki Bank bought 46% of Turkish Finansbank for 2.3 billion euros
.:13-June-2006 - A Raymond - Car manufacturers or suppliers :
French A Raymond has opened a plant in Turkey
.:13-June-2006 - Maquet GmbH & Co KG - Electric, electronic & medical hardware :
German company Maquet, a medical equipment manufacturer, has begun construction of a six million euros production unit

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