The latest statistics from the Turkish Statistical Institute (Turkstat) make good reading for anyone considering investing in property in Turkey and reinforce the prediction that the country has a bright future.

While Western nations struggle with debt and a recession, Turkey’s GDP increased by 8.8% to $203-billion year-on-year in the second quarter of 2011, according to Turkstat. This figure is especially encouraging given that international finance markets had been expecting a rise of only 6.5%.

Turkstat has also revised the 2011 first quarter’s GDP up from 11% to 11.8% (year on year) reflecting Turkey’s strong domestic demand and investment. China leads the GDP growth tables with the second quarter 2011 increase of 9.5 percent putting Turkey’s 8.8 percent growth second in the world.

More positive financial news about Turkey was revealed in a report by the Organsation for Economic Cooperation and Development (OECD) which showed that Turkey has the second-lowest tax to GDP ratio amongst all the countries within the OECD.

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