Sunday, January 27, 2008

Irish investors' €30m Turkish project at risk - National News, Frontpage - Independent.ie

"Irish investors' €30m Turkish project at risk

Cash problems bring construction to a halt

By Eamon Keane
Sunday January 27 2008

'I PAID 100 per cent in 2005, paid the rent guarantee but so far I have nothing to show for it -- no apartment, no rent."

So says one disgruntled investor in the foreign property market, just one of hundreds of Irish investors in a luxury apartment and hotel complex in Turkey with "guaranteed" yearly rental income of 10 per cent of their investment."

More:Irish investors' €30m Turkish project at risk - National News, Frontpage - Independent.ie