turkish pm erdogan record for paving growth in house prices
News Posted On: 20 November 2009
In 2009 Prime Minister Erdogan's government announced a plan, inconceivable in earlier decades, to restore Kurdish names to cities and towns and permit the use of the Kurdish language in the media.
“We took a courageous step to resolve chronic issues that constitute an obstacle along Turkey’s development, progression and empowerment.” Erdogan said regarding the issue.
The measures were part of a raft of requirements demanded by the EU as a precursor to accepting the first Muslim country into the community. Turkey is rapidly ticking off the list.
Barack Obama made Turkey his first port of call after assuming the presidency of the United States.
"I'm trying to make a statement about the importance of Turkey , not just to the United States but to the world. ….we can create a modern international community that is respectful, that is secure, that is prosperous...." said Obama while visiting. He also took pains to stress that a Muslim country can have a full relationship with the Christian West on socio-economic issues. The point will not have been missed in Brussels.
Meanwhile Erdogan's economic record since coming to power has been impressive, with GDP averaging 7.3% throughout his premiership. He has been praised by the World Bank for his courageous reforms and the economic stability he has brought the country.
At the latest meeting of the Investment Support and Promotion Agency of Turkey (ISPAT) he announced that Turkey had attracted investments of around USD 6 billion in the first eight months of 2009, stating that Turkey will continue to attract more direct investments now that the global crisis has been overcome.
There are currently over 22,000 international companies in Turkey, including 12,000+ European ones, and a growing international expat presence, many of whom are taking advantage of pre-EU property prices to get settled in before Turkey goes the way of Spain. M Bahadir Teker, founder of broker Istanbul Mortgage said that the country is currently enjoying a favorable combination of affordability, lower interest rates and a plentiful supply of mortgages.
He commented: "We're going to see growth next year and new development opportunities arising mid-year, so I think now is a good time to buy."
View Property in Turkey
View overseas property news
Back to news articles for this country
Latest Related News Articles in Turkey
South Korean President to Visit Turkey
2012-02-03
The South Korean president is visiting Turkey with the aim of discussing ways to expand cooperation,.....
Turkey Election 2011 Brings AKP Third Term as Expected
2011-06-13
Well, the Turkish election went pretty much as everyone expected it would, a convincing victory for .....
Turkey Property Investment Demand Rises Year on Year
2011-06-02
Before the recession was fully realised, there were plenty of economists and property experts taking.....
Not Just a Purple Patch For Turkey Property Hotspots
2011-05-26
Turkey, it would seem, has finally answered each and every one of its critics. Those who doubted tha.....
Turkey Property Unmistakeable Overseas Property Hotspot
2011-05-23
It can no longer be ignored; Turkey is now one of the hottest markets in the world of overseas prope.....
Turkish Investors Prefer Gold to Banks
2011-04-01
People in Turkey prefer to put their money into gold or cash rather than in banks in spite of reassu.....
Armchair Property Investors Benefit From Stable Turkey
2011-03-04
As is always the case during periods of turmoil, someone or something bucks the trend, and while the.....
Restricted Nations Show Istanbul Property Investment Interest
2011-02-22
A new surge in Istanbul property interest has emerged from restricted nations across the Middle East.....
Tax Efficient SIPP Shines on Turkey Property Investor
2011-02-18
Turkey continues to attract investors especially the Self Invested Personal Pension (SIPP) investor......
Hotel Rooms Provide Sound Istanbul Property Investment
2011-02-03
Hotel room investment in Istanbul - as the country's property market begins to heat up again are hot.....