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Turkish election ‘could boost Middle Eastern property demand’

Posted by: In: Real Estate 07 Apr 2014 Comments: 0 Tags: ,

As the new Turkish property season gets underway, the local election results should give a further boost to overseas property buyers, particularly from the Middle East, says Spot Blue

The re-election of Turkish Prime Minister Recep Tayyip Erdogan and his AK Party in the municipal elections could help boost the overseas property market, particularly from Middle Eastern buyers, says a top agency.

The result, which saw support for Mr Erdogan’s party rise from 38% in 2009 to 45% now, has been welcomed by foreign investors and should help promote growth in the estate sector, says Turkish agency, Spot Blue International Property (www.spotblue.com).

Director Julian Walker told OPP Connect that politics can play a part in the overseas property sector

“In different countries there is different weighting. In the Middle East sector they are interested, not just because of their geographical closeness, but because of cultural connections.”

The new property season was underway in Turkey and it was hoped that the election result would help increase interest from Middle Eastern buyers. Things have already got off to a good start, says Mr Walker. “The season is off and running. All my guys in Turkey are with people, as we speak.”

Continuity is important …read more

Source: OPP



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