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Monday, June 28, 2010

Crisis triggers property sales to foreigners in Turkey

"Crisis triggers property sales to foreigners in Turkey
KERİM ÜLKER
ISTANBUL - Vatan
From the foundation of the Republic to April 2008, foreign investors bought almost 39 million square meters of real estate assets in Turkey. In the last two years, however, the amount has drastically increased, reaching 25 million square meters. Britons rank at the top in purchases, followed by Germans and Greeks. The increase in property sales to foreigners has been boosted by slashed prices during the global recession, officials say"

More:Crisis triggers property sales to foreigners in Turkey - Hurriyet Daily News and Economic Review