plasticpaddy
Registered User
- Messages
- 18
Auto I think you might only be looking from an Irish-centric point of view. There are real invstors in Turkey, and a number of corporations have block bought apartments and developed their own resorts. Maybe you don't consider Commerz Bank property section as being inexperienced, or unwise, or Sabban Corp, or possibly even Neckermann who have created 2 resorts through subsidiary.
This would be the same Commerzbank that got into severe financial difficulties in the early part of this decade because of risky loans brought on by imprudent lending?
Auto I think you might only be looking from an Irish-centric point of view. There are real invstors in Turkey, and a number of corporations have block bought apartments and developed their own resorts. Maybe you don't consider Commerz Bank property section as being inexperienced, or unwise, or Sabban Corp, or possibly even Neckermann who have created 2 resorts through subsidiary.
Johnboy, just out of interest what are "unsophisticated types"? I'm not asking out of rudeness, just trying to figure if this is the same person from the Pope's Children who travels Europe buying property in calculated gambles?
Turkey may seem modern and progressive along the coastal resorts, but go back into the hinterland and you can be going back a thousand years. Now that 'honour killings' have been made illegal, 'honour suicides' have taken their place, where the girl is forced to take her own life. Not to mention, as bacchus above said, Cyprus, the denial of the Armenian genocide, writers arrested for 'insulting Turkishness' etc.etc. Turkey is a democracy at gunpoint. It has always been the army who has enforced Kemalism, and the EU is demanding the disempowerment of that same army. Has Erdogan of 'The minarets are our bayonets, the mosques are our barracks, the believers are our soldiers' really changed his spots, or is he banking on EU membership and its religious freedoms to give Islamists free rein? There's also the question of forced marriage and polygamy, which although banned, even some of his own Government members indulge in. While no country is perfect, I personally wouldn't invest there for all the above reasons.
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