Managing Director of CB Richard Ellis Rates Turkey

"Throughout 2008, Turkey’s economy proved to be resilient enough to cope with the challenges of the global economic crisis" commented Feroze Bundhun.

This would seem to be the case, since banks within the region are far healthier than that of their counterparts. Lending has only just started within Turkey ans as a result banks are continuing to provide mortgages.

New projects are obviously slowing because of the downturn, but the office sector progresses an even manner. There is still an appetite for foreign companies wanting quality office space, therefore keeping prices buoyant.

Source : Hurriyet

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