Turkey Standing out as Brightest Emerging Market in Europe

I just read a great article on the blog of Turkish property agent Spot Blue, with an excellent explanation of why Turkey is gaining recognition as one of Europe's top emerging markets. The post was refreshing because of its punchy, no-messing style and the way it incorporated facts and figures with observation, but mostly because it was right on the money.

Turkey is one of the top emerging markets in Europe today; having surpassed the point where EU accession was necessary to make it investment-worthy not long after it surpassed the need for EU assistance in the middle of last year. It did this with a wide range of agreements and increasing bilateral ties with countries from around the world, including Brazil, Russia, India, China, the US, the UK, Canada, and many middle eastern countries including Syria and Jordan.

The banking system was reformed during the Turkish financial crisis of 2001. Because of this, today the Turkish banking system is one of the most robust in the world, not least because the likes of the EU, UK and US banking systems are still in a state of denial and disarray. During the 2001 crisis reforms were also made to Turkish currency reserves, and the results of that can be seen in the stability of the Lira.

With the EU sovereign debt crisis still far from over, and many European banks still trying to hide from their bad loan problems, and the Turkish picture of stability and serenity, and double digit economic growth, of course investors will be giving it more than a passing glance. Spot Blue said it best:

"With all this in Turkey's column, against an EU near-crumbling at the hands of a sovereign debt crisis no one would have dared suggest we'd see, it is easy to understand why Turkey is standing out to investors as the best place to invest."

Spot Blue is currently marketing property in Turkey priced from as little as £25,000.

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