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Turkey's hot property market can reward risk-takers
By Brett Corbin International Herald Tribune

http://www.iht.com/articles/2006/07/06/news/returkey.php

Published: July 6, 2006

ISTANBUL for years buying property in Turkey was perceived as risky by many Westerners. The impression was changing until recent increases in interest rates in the United States and Europe diverted investments from emerging markets, including Turkey, and the lira lost 18 percent of its value in less than eight weeks.

But some analysts say that the economic turmoil is temporary and offers opportunities for those ready to face uncertainty. Continued...

6 July 2006