Min Price £1,000 £5,000 £10,000 £15,000 £20,000 £25,000 £30,000 £35,000 £40,000 £45,000 £50,000 £60,000 £70,000 £80,000 £90,000 £100,000 £110,000 £120,000 £130,000 £140,000 £150,000 £175,000 £200,000 £250,000 £300,000 £400,000 £500,000 £750,000 £1,000,000 £1,500,000 £2,000,000 £3,000,000 £5,000,000 £10,000,000 £15,000,000 Min Beds 1 2 3 4 5 6 7 8 9 10
Max Price £1,000 £5,000 £10,000 £15,000 £20,000 £25,000 £30,000 £35,000 £40,000 £45,000 £50,000 £60,000 £70,000 £80,000 £90,000 £100,000 £110,000 £120,000 £130,000 £140,000 £150,000 £175,000 £200,000 £250,000 £300,000 £400,000 £500,000 £750,000 £1,000,000 £1,500,000 £2,000,000 £3,000,000 £5,000,000 £10,000,000 £15,000,000 Max Beds 1 2 3 4 5 6 7 8 9 10
Currency GBP EUR USD
or select from our country list: Select: America Bahamas Brazil Bulgaria Cape-Verde Cyprus Egypt France Germany Greece Italy Montenegro Morocco Panama Portugal Romania Spain Thailand Tunisia Turkey United-Arab-Emirates Venezuela
The Tiba developer wins a prestigious award in Cairo last night February 2012 Tiba Heights won best mixed use residential project in the whole of Egypt last night at the 2012 Cityscape Awards, beating mega developers like Citystars and Orascom....
Turkey and the GCC Look to Strengthen Ties February 2012 More than 500 businessmen and officials from Turkey and the Gulf Cooperation Council (GCC) met in Istanbul recently, to discuss economic links between the countries...
Egypt Expects Tourism Numbers to Increase This Year February 2012 In spite of last year's uprising, Egypt's Ministry of tourism expects the tourist numbers to make a substantial recovery this year to around 12 or 13 million, bringing in around $11 billion of revenue...
Istanbul Property Ranked Best Investment in Europe February 2012 According to 600 of Europe's biggest property investment players, Istanbul is the best place to invest in property in Europe...
Egypt Property Market Looks to Recovery in 2012 January 2012 Egypt is looking forward to a bright new future, and there are high hopes its property market will recover this year...
Turkish Budget Deficit Falls by Over 56pc in 2011 January 2012 Turkey's budget deficit fell by an enviable 56.5% during 2011 compared to 2010. Finance minister Mehmet Simsek stated his belief that Turkey has now recovered from any and all effects of the global cr...
Read all News Articles >
Apollon Holiday Village >
Duquesa Village - 65 per cent discounts
Costa Del Sol - Spain Duquesa Village UP TO 65% DISCOUNT AND UP TO 100% FINANCE!! We are pleased to offer 2 and 3 bedroom apartments in thi ...
View More Details
Posted On: 23/01/2012
Turkey's budget deficit fell by an enviable 56.5% during 2011 compared to 2010. Finance minister Mehmet Simsek stated his belief that Turkey has now recovered from any and all effects of the global crisis and subsequent eurozone crisis.
Turkey’s budget deficit for 2011 was $9.36 billion, which is 1.4% of GDP, a far cry from the 11.5% deficit in 2002 when the AK Party won power. This beat the target of $18.03 billion. This better than expected performance was partly due to a considerable increase in tax collections last year, as Turkey collected $136.6 billion last year, an increase of around 20.5%.
The budget deficit could have been even lower says Simsek, but for the earthquake in the south-eastern province of Van, and subsequent $6.3 billion relief effort.
Simsek also believes the worst of the debt crisis in Europe is now over, but he did point out that economic activity in Turkey would slow down in 2012 in comparison to 2010. He also said that the current account deficit is still expected to remain a concern with expectations that it will stay at around 10% of GDP in 2012.
The lira is expected to strengthen against foreign currencies, and the slowdown in domestic demand will at least keep inflation under control. The Organisation for Economic Corporation and Development has estimated that growth in Europe will be 0.3% higher in 2012 compared to last year.
Turkish economic growth is expected to be around 4% compared to 8% for 2011. In 2010 the world economy grew by 5.1%, and is being predicted to show growth of 3% to 4% for 2011, so overall Turkey is still doing extremely well.
View property for sale in Turkey, including Istanbul property
View all news articles >
Calabria - Italy Napitia Hills is perched at the most elevated point of Pizzo providing each property with unobstructed panoramic sea views over the town itself. Within a 15 minute walk you can enjoy the day to day li...
Property Details >
Hurghada - Egypt New Release - Tiba Paradise is the 6th Tiba Project by the highly successful local developers. The project is located in the up-and-coming Al Ahyaa district in a region that is close to Hurghada and a...
Florida - America This ground floor, 2 bedroom / 2 bathroom, 912 sq ft condo has a fully fitted kitchen including washer/ dryer, spacious lounge with dining area leading to a private patio. The master bedroom has an en...
Belek - Turkey These modern contemporary apartments are situated in a prime area in Belek - Turkey's Golfing Mecca. Not only cosmetically but also with the advanced construction and architectural techniques to be us...
Pattaya - Thailand Hot on the heels of Laguna Beach Resort Jomtien, Pattaya’s most successful resort condominium now over 75% sold out, we are commencing pre-launch sales for Laguna Beach Resort 2. Laguna Beach Reso...
Kusadasi - Turkey Fully furnished apartment on stunning development On the Aegean Coast of Turkey is an unspoiled area of natural beauty, an area of historical and natural containing thermal springs built far away ...
Natal - Brazil Invest in social housing in Brazil with an anticipated return of 20 per cent in 12 months. What deposit accounts will offer this return over 1 year? Investment Facts • Minimum investment just ...
Alps - France CASH BUYERS ONLY- UP TO 58% PRICE REDUCTIONS! Les Blanches Provencales is a ski-in-ski-out residence ideally located just metres from the ski lift in the centre of the village of Chabanon with views...
