A successful European economy!

[sasguru]

Has its problems but aware of them, and on the right track.

Top of the class for improvement

Turkey's Economy Expands 11% - WSJ.com

[Mich the Tester]

True. Rather silly of some EU governments to block Turkey's EU membership. We need them a lot more than they need us.

[Pondlife]

Just been on a call with the people that have the big offices. Growth in Turkey has been massive without requiring much investment.

[russell]

Has its problems but aware of them, and on the right track.

Top of the class for improvement

Turkey's Economy Expands 11% - WSJ.com

When Greece joined the Euro it made it more expensive for tourists so they instead go to Turkey instead of Greece, where you get more bang for your buck.

[sasguru]

When Greece joined the Euro it made it more expensive for tourists so they instead go to Turkey instead of Greece, where you get more bang for your buck.

They're not booming because some people decided to go there for their hols rather than Greece, you plonker.

[russell]

They're not booming because some people decided to go there for their hols rather than Greece, you plonker.

"Tourism is one of the most dynamic and fastest developing sectors in Turkey. According to travel agencies TUI AG and Thomas Cook, 11 of the 100 best hotels of the world are located in Turkey.[55] In 2005, there were 24,124,501 visitors to the country, who contributed $18.2 billion to Turkey's revenues, with an average expenditure of $679 per tourist.[56] In 2008, the number of visitors rose to 30,929,192, who contributed $21.9 billion to Turkey's revenues.[57] Over the years, Turkey has emerged as a popular tourist destination for many Europeans, competing with Greece, Italy and Spain. Resorts in provinces such as Antalya and Muğla (which are located on the Turkish Riviera) have become very popular among tourists."

I'm not saying it's the only reason but its a part of it.

[sasguru]

"Tourism is one of the most dynamic and fastest developing sectors in Turkey. According to travel agencies TUI AG and Thomas Cook, 11 of the 100 best hotels of the world are located in Turkey.[55] In 2005, there were 24,124,501 visitors to the country, who contributed $18.2 billion to Turkey's revenues, with an average expenditure of $679 per tourist.[56] In 2008, the number of visitors rose to 30,929,192, who contributed $21.9 billion to Turkey's revenues.[57] Over the years, Turkey has emerged as a popular tourist destination for many Europeans, competing with Greece, Italy and Spain. Resorts in provinces such as Antalya and Muğla (which are located on the Turkish Riviera) have become very popular among tourists."

I'm not saying it's the only reason but its a part of it.

Lets see now. It says in 2008 Turkey got 21 Billion from tourism. Itsannual GDP is sized as about 1 Trillion (wikipedia).
So in fact tourism is a minute, almost negligible, part of the Turkish economy.

HTH, BIDI

[DimPrawn]

Property is still cheap in Turkey, and the pound has not weakened as much against the Turkish Lira as other major currencies.

£60K will buy you a 3 bed villa with pool about 20 mins from Bodrum airport near the sea.

[russell]

Lets see now. It says in 2008 Turkey got 21 Billion from tourism. Itsannual GDP is sized as about 1 Trillion (wikipedia).
So in fact tourism is a minute, almost negligible, part of the Turkish economy.

HTH, BIDI

Where did I say tourism was responsible for the growth economy? I just mentioned the fact that the Euro caused a rise in Turkey's tourism because it became more expensive in Greece. Reading not your strong suit eh?

[sasguru]

Property is still cheap in Turkey, and the pound has not weakened as much against the Turkish Lira as other major currencies.

£60K will buy you a 3 bed villa with pool about 20 mins from Bodrum airport near the sea.

Where's Bodrum?
As it happens Istanbul is one of my favourite cities.
For once I'm going to take your post seriously - I think a trip next spring is on the cards and an investigation into the property market there.