Turkey & European Union
On October 3rd 2005, Turkey started the long road to joining the European Union.
Predicted by the end of 2015, according to the European commission’s agriculture report that deals with farming, Turkey is assumed to be an EU member state in eight years time, adding that its agricultural produce equates to that of the last ten nations that entered the union before Romania and Bulgaria.
Because the road to EU membership is going to take time, means there are still another 5-10 years before Turkey property prices raise substantially. Prior to EU membership, there are many factors yet to be discussed and many of Turkey’s issues that need to be corrected before incorporation will be seriously considered. However Turkey has some strong backers for its entry and when it does get accepted into the EU, it is reasonable to expect the price of property in Turkey to rise greatly in line with a huge surge in tourism.
Serious Investors look for key indicators when investing in property worldwide and just one of those indicators is the European Union. They are looking for indicators that will increase steady growth. Joining the EU in the future is a major step to financial security in the countries property market. |
Property values in Turkey |
