International property in Turkey increasing in popularity
18 November 2009
Turkey is becoming a more popular destination for those thinking about moving abroad, according to the latest figures.
The monthly list of popular overseas property destinations from property-abroad.com saw Turkey climb three places in October to third. It has been suggested that the reason for this is the pound’s strength against the Turkish Lira, as well as its weakness against the Euro.
Maintaining its spot in first place was the US. Data released from the National Association of Realtors earlier this month revealed that sales of existing properties in the country are continuing to rise.
Canada was a new addition to the list in 8th position. It was recently named as one of the most popular destinations for expats of pension age in a survey for Halifax International.
House prices in Canada have been rising recently, according to figures from the Canadian Real Estate Association, with the average house price now $331,602 (£189,755). This is around $40,000 more than the same time last year.
A favourite among expats, Spain retained second place on the list.
Source: Halifax International
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