Istanbul

Turkey’s rising star Istanbul has been marked by PriceWaterhouseCoopers in 2011 February as first location for both new acquisitions and developments. Considering economic ambiguity and local crisis within the European Union, Istanbul passed its stability test and reassured foreign investors for consistent growth as financial troubles have had lesser impact on Istanbul in terms of real estate investment.

Real estate purchases booming in Turkey

According to official reports declared at The World (Dünya) newspaper, in 2010 Turkey’s economy hit the growing rate by 8.9 percent and made it to the list as one of the most rapid growing economies in the world. The Turkish Statistics Institute informs that the growth continued in 2011 and has reached 9.2 percent to many investors’ profit.

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