The real estate unit of financial services group ING Group (ING.AS: Quote, Profile, Research), which managed 94.4 billion euros ($130.2 billion) in property globally as of March 31, plans to invest 0.5 to 1 billion euros in these two countries by early 2008,

Turkey, the real estate market, is bouncing back with speed, as it experiences a series of economic developments.

Purchasing property in Turkey is becoming increasingly popular with holiday home owners and investors around the globe. According to a broad economic and political analysis of Turkey dated November 2006 by property investment experts Amberlamb, the Turkish property sector is on track to become one of the top five performing European markets in terms of capital appreciation in 2007.. Several factors are contributing to the popularity and the trend displayed by foreign purchases of property also had important repercussions within Turkey. The issue is especially notable given Turkey's potential EU membership and the related economic integration processes.