"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