Real Estate Turkey

Introduction:

For two thousand years, the area of the eastern Mediterranean has been a vital economic region due to its strategic location at the crossroads of Europe, Asia, and north Africa. Arab traders did a thriving business throughout the Mediterranean and all across northern Africa as far back as the 8th century. Italian merchant Marco Polo traversed the region several times on his trips to and from China and the Orient. In the 13th and 14th centuries, much of Europe was dominated by the Ottoman Empire, the predecessor country of the modern state of Turkey.

Often overlooked by businessmen eager to do business in Europe and Asia, Turkey is the economically dominant country in this part of the world. The size of the market is still unknown because of the lack of current information. The advent of air travel initially diminished the trading and logistical importance of the region. But now, Turkey is making a comeback and the eastern Mediterranean region is booming. Turkey will play a primary role in this economic expansion because of its strategic position and an increasingly affluent population that is able and eager to purchase consumer goods and raise the standard of living.