Istanbul Economy Bigger than 127 Countires – great news for overseas property investors

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The two largest cities in Turkey with respect to the size of their economies, Istanbul and Ankara, may enter the list of the world’s 100 largest cities and even leave many small countries behind.
New research published by PricewaterhouseCoopers (PwC) showed interesting results, with İstanbul passing [...]

Overseas Property Investors warned as East Euro banks exposed to drop in some property prices

Overseas Property Investors warned as East Euro banks exposed to drop in some property prices
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Lending banks within East European countries, some of which are European Union members, risk being left out of any financial rescue plans and remain vulnerable due to their exposure to under-performing property markets.
The [...]

The Turkish Economy

Because of strong financial support from the IMF and tighter fiscal policy, FDI into Turkey, mostly Istanbul, has increased exponentially.