Turkish property market loses popularity among foreign investors
Submitted by Henry Aaron on Thu, 06/12/2008 - 06:35.
International companies investing in real estate, began to gradually stray from Turkey, wrote the Turkish daily newspaper Turkish.Daily.News.
Recent data from studies of real estate market in Turkey showed a decline in foreign companies' investments.
As the main reason for this were indicated political and economic unrests in the country.
Major companies in the sector, planning large-scale investments and implementation of major projects, gradually began to return to the EU markets, Russia and the Middle East.
Security which those markets offer foreign companies is much greater now, Turkish analysts commented. Many of them believe that this year is totally lost, but what is worse is that this trend may continue in the next few years.
Directors of various construction companies said that they would suspend their investments in the Turkish market, pending developments in economic and political life of the country.
Similar entries
- Big investors in the real estate sector direct their attention to Germany
- Turkish jets, artillery hit PKK separatists in northern Iraq
- Investment climate in Romania continues to be very good
- Foreign investors in Romania are shocked by the requested wages in the country
- Four PKK separatists, one Turkish soldier killed in clashes
London - Aero-engine maker Rolls-Royce said Thursday it would cut up to 2,000 jobs worldwide as a result of the current economic "uncertainties."
Washington - Buying a new computer usually involves comparing models. Comparisons are more difficult than they used to be, as the number of choices has grown and manufacturers have started marketing computers with specific uses in mind.
Indian authorities have issued a birth certificate to a Japanese baby born to an Indian surrogate mother, easing the way for her Japanese father to take her home, news reports said Saturday.
