Turkish property investment better value than gold
Investment in Turkish property provides better value than gold, according to one of Turkey's biggest real estate firms.
The Hurriyet Daily News reports that the property firm Sinpas claims not one of its projects in the past ten years has lost value in the market. The comments were made as the company outlines its campaign for property in the country in 2010.
It reports that Ahmet Celik, managing director of Sinpas, said: "Our research shows that gold, Turkish Lira deposits, the euro and the US dollar have lost value many times [in the past decade]. However, real-estate projects have always given the best value for investors. Even gold cannot compete with it."
He added that the country could benefit from the decline in the Dubai property market if investors choose to put their money into Turkey instead.
Good exchange rates between the pound and lira are making Turkey a more attractive proposition to property investors than countries in the eurozone.
Sinpas is a firm which has been dealing in both residential and commercial property in the country for over 30 years.
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