We first launched in September 2007, with a simple, clean and effective website, free of clutter and only Fresh properties.  Well, it’s now June 2010, and we have a NEW simple, clean and effective website.  We hope you will enjoy the new design and layout.

We have also added some new countries – Turkey and Egypt.  Both of these markets are doing very well, and offer some amazing opportunities in 2010.  Originally I decided against Egypt, back in 2007, but things have been improving, and if you are after a holiday home, or a fairly priced apartment, Egypt is now looking like a good option.

From the CIA Website on Egypt:egypt map

  • Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place.
  • The global financial crisis has slowed, but not stopped, the reform efforts. The international economic downturn slowed Egypt’s GDP growth to 4.7% in 2009, predominately affecting export-oriented sectors, including manufacturing and tourism, and Suez Canal revenues.
  • Growth in domestic sectors, including energy, transportation, telecommunications, retail trade, and construction kept economic growth from falling further in 2009.
  • The government announced three separate stimulus packages between the end of 2008 and the end of 2009 totaling $6.3 billion, but it is not clear how much has been spent.
  • Despite high levels of economic growth over the past few years, living conditions for the average Egyptian remain poor.

Turkey is also another amazing market I have been watching for a while.  The economy is doing well, and also tourism is going forward in leaps and bounds.

From the CIA website on Turkey:Turkey Map

  • Turkey’s dynamic economy is a complex mix of modern industry and commerce, with a traditional agriculture sector that accounts for about 30% of employment.
  • Strong and rapidly growing private sector, and while the state remains a major participant in basic industry, banking, transport, and communication, this role has been diminishing as Turkey’s privatization program continues with sales  currently approaching $39 billion.
  • The largest industrial sector is textiles and clothing, which accounts for one-third of industrial employment.
  • The automotive and electronics industries, are rising in importance and have surpassed textiles within Turkey’s export mix.
  • Real GDP growth has exceeded 6% in many years.  Due to global economic conditions, GDP fell to a 0.9% annual rate in 2008, and contracted by about 6% in 2009.
  • Inflation fell to 6.5% in 2009 – a 34-year low.
  • Further economic and judicial reforms and prospective EU membership are expected to continue boosting foreign direct investment.
  • The stock value of FDI stood at more than $180 billion at year-end 2009.
  • Turkey’s financial markets and banking system weathered the 2009 global financial crisis and did not suffer significant declines.
  • Economic fundamentals are sound, but the Turkish economy may be faced with more negative economic indicators in 2010 as the global economic slowdown continues to curb demand for Turkish exports.

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