22 May 2011

GYODER Istanbul REstate – May 2011

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TURKEY – NEW PROJECT INVESTMENTS



Improvements

Turkey has made the strongest improvement in transparency of any market globally in b/w2008-2010.
•DOWN>
      •2008 -a Constitutional Court ruling which temporarily halted foreign real estate investment
•UP>
      •New Legislation -EU accession process,> legal and regulatory systems in line w/ developed countries.
      •A number of private initiatives to improve data in the real estate sector have also boosted transparency levels
          •GYODER
          •AYD
          •REIDIN Indices



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