subject: Turkey Tipped for Economic Stability and Growth by OECD [print this page] Turkey Tipped for Economic Stability and Growth by OECD
Every housing market depends on a country's wider economic stability and real estate in Turkey is no different. That is why the recent news that the Organisation for Economic Co-Operation and Development, or OECD, has praised Turkey for its economic stability and growth is welcomed by real estate portal House Sales Turkey (http://www.housesalesturkey.com/).
Many members of the OECD are suffering economic difficulties in a harsh global climate, but in a recent press conference held in Ankara between the OECD and the Turkish Minister of State, Turkey came out as one of the strongest member states in 2010. The Secretary General of the OECD Angel Gurria was positive about both the economic stability and growth in Turkey. The reasons behind this healthy outlook was a combination of fiscal reforms and a successful approach to crisis management. During the economic crisis Turkey handled the credit rating upgrades admirably, leading Gurria to state that "Turkey's rating will soon be upgraded to investment grade'". Gurria was also quoted as saying: "The cross-analysis of countries and regions predicts Turkey's economy will remain strong, along with Germany, while the economies of the USA, Canada and Japan are expected to shrink".
Economic stability - and ultimately growth - is vital for many areas of political and social life in Turkey, from inward foreign investment to domestic infrastructure improvements and, of course, for property in Turkey. Economic stability leads to stable and realistic prices of Turkey property and the absence of a property market bubble' which will both attract property purchasers to Turkey and help those wanting to sell property in Turkey. Growth means investors will see Turkish properties as a sound bet for the foreseeable future.
House Sales Turkey has the very best and the very latest property listings in Turkey, from city apartments to villas in Turkey beach resorts. Take a look at: http://www.housesalesturkey.com/.
