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Turkey’s omission from the European Union together with its bullish economy and buoyant property market should make it an attractive destination to foreign investors both before and after the EU Referendum, said Spot Blue International Property in June, adding that Istanbul remains the country’s key investment hub.

“Whatever the outcome of the Referendum, foreign buyers in Turkey know their asset or ownership rights won’t be directly affected to the extent that owners of property in the EU could be,” said Julian Walker, director at Spot Blue International Property. “Being outside the EU means the country has escaped much of the financial volatility caused by the media storm around the Referendum, seen in the UK and Europe.”

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