Articles

Real estate attracts the serious investors

The boom started in 2005, when foreigners invested some $3-4 billion in real estate in Turkey - $1.8 billion of this being recorded by the Central Bank, more coming in when foreign purchases were limited because of a gap in the law, and all being subject to the traditional under-reporting of house purchase prices. In 2006, investments rose further: in the first 11months of 2006, the inflow recorded by the Central Bank was a net $2.8 billion.