Tuesday, May 5, 2009

Turkey in limelight at Moscow real estate fair

Hosting large companies from several countries, including Bulgaria, Spain, Morocco, Italy, Greece, Croatia and Egypt, the show saw the highest interest in Turkish companies' stalls. Atlas, Avalon, Azpo Properties, Atakons Construction and Sultan Homes were some of the companies from Turkey that sell real estate in Antalya, the favorite vacation destination of Russians.

A representative from Atlas Gayrimenkul, a Turkish real estate company, said demand was high despite the financial bottleneck due to the current global economic turbulence. "Compared with many other countries, there is increasing demand in the Russian real estate market. The prices here are almost the same as in other markets and Russians expect to invest in profitable areas. They also want to get rid of a crisis mentality," he noted, adding, "We construct smaller houses to meet as much demand as we can."

Russian Properties News