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In the NEWS (Q1 2010)
The IMF recently predicted that Turkey´s economy may expand by 5.2% this year.
Turkey is recovering from the global financial crisis faster than many other Eastern European countries with a 6% expansion in the last 3 months of 2009.
In addition, consumer confidence rose in March for the fourth consecutive month to 84.74, the highest in nine months. The main ISE National 100 share index hit a record of 59,330.34 on April 14.
VR Property Group announce pre-launch information on Instanbul, Turkey view details here
Spanish tax refund for 90,000 Britons
Britons who sold their Spanish holiday homes in the past 12 years could claim tax rebates worth thousands of pounds after a ruling by the European Court of Justice. Some 90,000 people could be entitled to make a claim against the tax authority because they were charged a higher rate of capital gains tax than Spanish sellers. Home owners who sold their properties between 1997 and 2006 could be due an average £13,500 refund, experts said, after the court ruled that the tax regime discriminated against non-residents.
VR Property Group implements tax retrieval scheme for British investors in Spain contact us to find out more.
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English farmland values rise by 5.4%
English farmland values rose by 5.4% in the first quarter of 2010. This takes growth over the past 12 months to 15.5%, according to the latest results of the Knight Frank Farmland Index.
The average price of farmland is now £5,397/acre, the highest level recorded by the index. Prices are being driven up by a continuing shortage of supply and increased interest from overseas buyers and investors.
View our UK Farmland Investment portfolio
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Las Canas, The Dominican Republic, Caribbean
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