Fast-growing economies popular with investors

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FAST-GROWING ECONOMIES POPULAR WITH INVESTORS

Wednesday, 12 Mar 2008

Rapid economic growth in many emerging markets is making them very popular with overseas investors, according to a new study.

Fast-growing economies popular with investors

A report by the Urban Land Institute and PricewaterhouseCoopers (PwC) revealed that countries such as Turkey offer higher returns than their more established counterparts.

Whereas London has now slipped off the list of the top ten investment markets, cities including Istanbul are climbing higher in the rankings.

John Forbes, head of real estate at PwC, described Turkey as the "India of Europe" due to its expanding economy.

Speaking to Bloomberg, he added: "There is an increasing appetite for emerging markets."

Paris is another city that has slipped down the rankings, falling from first place to fifth.

This comes after a poll of Britons' favourite investment spots by A Place in the Sun found that Turkey has gone up to third place this year.

Property Select offers a comprehensive selection of overseas property in Turkey, news, members club and reviews of the latest property developments.

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