Pre-Register for our latest Turkish Deal! Czech, Poland & Hungary updates!

Hi [name]

With the current UK weather putting a real dampener on what has been a seemingly short summer of anti-climax, we take you away from these shores of coalition governments, rising taxes and sporting failures to a place that is sizzling not only with hot sun, but also with much anticipation as the economy in Turkey continues to grow at a fantastic rate.

And in an all Euro newsletter, Antony Tilney tells us why plans for the first LNG Terminal in Central Europe is good news for investors in the small Polish seaside town of Swinoujscie, Andras Patkai gives us the latest improvements in Budapest's District 5 and Czech Point's Nathan Brown tells us the risks of purchasing property in the Czech Republic.

Istanbul – still one of the world’s hottest markets!

istanbul

We had an excellent response to our last deal in Istanbul in March, and when we have looked at other markets to offer our next Overseas opportunity, we have struggled to match this!

All our buyers have exchanged there, and this has been a very good smooth process with our English team in Istanbul working closely with our team in Nottingham.

Turkey's gross domestic product expanded 11.7% in the first quarter compared to the same period last year, when the economy had contracted very sharply, according to data released on Wednesday.  The performance was slightly better than the 11.5% growth most economists expected. The Turkish economy grew 6% in the fourth quarter of last year.

RBC Capital Markets currently expects the Turkish economy to grow by 5.2% in 2010.

Turkey's industry and trade minister, Nihat Ergun, said the economy will likely grow between 6% and 8% in the second quarter, Reuters reported Wednesday.

Full-year growth is likely to exceed 6%, Ergun said, calling a 6.8% OECD forecast "realistic," according to the report.

Lars Christensen, chief analyst at Danske Bank, was even more optimistic. The latest data suggest that GDP growth for 2010 could be as high as 8% year-on-year, according to Christensen.

"Turkey is now growing at rates that are comparable to the fastest growing Asian economies," he wrote in a note to clients. "In this sense, Turkey's economy today looks more Asian than European."

The data are also good news for the local markets, with the Turkish lira likely to outperform its regional peers in the coming one to three months, according to Christensen.

The lira strengthened against the U.S. dollar on Wednesday, while the benchmark stock index in Istanbul rose 0.6% in early afternoon trading.

So good news on Turkey, and for us Istanbul is still the key market to invest in here…..!  Many of you who missed out on the first deal we secured here, have been asking when our next deal in Istanbul will be ready – well we are very close now – and will have the full investment opportunity ready by the end of this week!

To pre-register, please sign up here with the subject line 'Turkey'


swinoujscie

The first LNG Terminal for Central Europe

Plans for the LNG (Liquefied Natural Gas) terminal to be built in the seaside town of Swinoujscie, in the North West of Poland close to the German border, finally seem to be making some progress. more>>

budapest

Main Street Improvements in District 5 - Budapest

The Municipality of District 5 has recently opened the new "main street" between Kalvin Square and Szabadsag Square. The spectacular HUF 5.5 billion (EUR 20 million) project has already pushed prices up in District 5. more>>

czechrep

What are the risks of purchasing property in Czech Republic?

Our very own Nathan Brown points out some factors as published by CEREAN (Central European Real Estate Associations Network) in their Czech Republic section. more>>

For more great articles visit our blog page here, you can ask any of our experts a question here or for a specific query you can call 0115 985 3963 or email our office at investments@propertysecrets.net

Regards

 

Daniel.

PS: If Investing outside the UK is not for you, why not register for our UK deals here

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