Large real estate groups from Iran are now joining Gulf investors by showing interest in Turkey's lucrative housing markets, with buyers from these countries eyeing large purchases following anticipated regulations to facilitate property sales to foreigners.
Fueled by a sustainable economic expansion over the past decade, Turkey has seen its real estate markets boom as hundreds of new housing projects have mushroomed across the country. Favorable conditions in Turkish housing markets have not escaped the radar of foreign investors, who would like to benefit from a high demand and increasing property value. Meanwhile, European real estate markets have plunged due to a lingering sovereign debt crisis.
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