Turkey and the Balkans
Turkey and the Balkans
- 2008
- EuroProperty 17 March 2008, 32-35(7) .
Reports that Turkey's growing economy has stimulated the development of shopping centres in Istanbul, including many which are not up to modern standards. Finds investors are looking to other Turkish cities. Finds a land shortage is pushing up office rents in Istanbul, and that the retail sector is growing apace. Suggests that there are political problems there and in Serbia, whilst Croatia is a more stable investment environment. Reports that retail development in Greece is being hampered by land and planning issues, despite increasing levels of consumer demand.
Europe
Reports that Turkey's growing economy has stimulated the development of shopping centres in Istanbul, including many which are not up to modern standards. Finds investors are looking to other Turkish cities. Finds a land shortage is pushing up office rents in Istanbul, and that the retail sector is growing apace. Suggests that there are political problems there and in Serbia, whilst Croatia is a more stable investment environment. Reports that retail development in Greece is being hampered by land and planning issues, despite increasing levels of consumer demand.
Europe