Hi Emanuele,
Turkey is currently bearing the typical hallmarks of an increasingly diverse and enthusiastic investor base.
The volatility of currency interest rates and the modest rise in inflation in the second quarter of 2006 briefly reduced residential demand and buying activity. However, incoming demand from the demographic changes such as population increases and inbound migration should restore confidence and trigger demand in the medium term once again.
Construction activity is booming in and around Istanbul, its satellite cities and along Turkey’s enormous coastline. Buoyed by a supply of quality residential property, a growing retail sector and increases in disposable income and employment opportunities, the demand for property seems set to continue.
Good Luck
Paul