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Wednesday, April 26, 2006

Property boom as Turkey opens up from Exclusive Properties International Ltd

"Property boom as Turkey opens up
26 April 2006

Peeling facades, abandoned buildings and potholed lanes in Istanbul's trendy Beyoglu mask a housing market boom which is tempting foreigners to invest in the city and doubling the price of a Bosphorus view.

Emma Ross-Thomas

Peeling facades, abandoned buildings and potholed lanes in Istanbul's trendy Beyoglu mask a housing market boom which is tempting foreigners to invest in the city and doubling the price of a Bosphorus view.

Foreigners have been allowed to buy property in Turkey again after a suspension last year, and Duru Real Estate in Beyoglu - traditionally the diplomatic center, now packed with pricey bars - is hiring new staff to meet the demand."

More:Property boom as Turkey opens up from Exclusive Properties International Ltd