Turkey Economy Is Thriving And Now The 3rd Fasting Growing In The World

The recent statistics showing economic growth should boost confidence with investors that Turkey is the best place to invest this year.

The Turkish Statistical Authority published high growth of 10.3% for the first half of the year. in relation to the same time last year, ranking Turkey the third quickest in the world.
Only the mighty Asian tigers, Singapore and Taiwan, saw greater accelerated growth than Turkey with 19.3% and 12.5% increases in GDP respectively, stated in the official data.

This year has been remarkable for Turkey with economic growth of 11.7% reported for Q1 and 10.3% for Q2. The country, even though not a member of the EU yet, seems to be pulling Europe out of recession with a large amount of the growth attributed to the thriving construction sector.

The Turkish construction sector posted an impressive 21.9% growth for Q2 2010. Both domestic and international demand for good accommodation in cities such as Istanbul as well as in the Mediterranean and Aegean regions looks to be insatiable with over 32,000 Britons whom already own property in Turkey according to the Turkish General Directorate of Land Registry.

The property market in Turkey is experiencing a period of unprecedented growth with capital appreciation of up to 20% and income from rentals higher than its European neighbours.

The esteemed Global Property Guide named Turkey Europe’s best yielding investment and have just published an in-depth report all about this dynamic market.

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