I spent a week in the Dominican Republic earlier this month, scouting property opportunities and hosting our Live and Invest in the Dominican Republic Conference. The DR is one of the most interesting property markets in the world right now. It’s also a dichotomy, offering very different kinds of property investment options. Punta Cana, for […]
Today, some still would consider Turkey a developing economy; however, its per-capita GDP is in the same neighborhood as that of Mexico, Brazil, and Russia and in the top third of all countries. Specifically, Turkey’s GDP ranks 18th in the world. Its economy has grown at an average rate of
The real estate market in Turkey wasn’t hit as hard as others around the world in 2008 and 2009. Values in some districts of Istanbul dropped by maybe 25% at the height of the downturn (about the same as in Panama)…but in just a year-and-a-half prices had recovered. That rate of appreciation (10% to 15% […]
My first trip to Istanbul was about 16 years ago. At that time, you exchanged your dollars into Turkish lira day by day. We were in the country two weeks; the exchange rate went from about 250,000 lira to US$1 to about 400,000 lira to US$1 by the time we left. The country and the […]
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