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World leaders backing Turkey's EU ambitions

Turkey's prospects as a site for property investment have been bolstered by a show of support for the country's entry into the European Union by a number of world leaders.The country is looking to gain membership of the trading bloc, with accession potentially yielding a major shot in the arm for the country's economy and its property market.With a number of recent EU entrants, including Romania and Bulgaria, benefiting from stronger trade links and an upturn in tourism, many observers believe Turkey could be the next to capitalise on the expansion of the EU.And with Italian president Giorgio Napolitano among those backing the entry, along with German chancellor Angela Merkel, Turkey is hoping it could soon join the EU after concerted efforts to do so.Speaking during Europe Day celebrations Mr Napolitano said the rejection of Turkey as an EU member on geographical or religious ground was wrong.Meanwhile, the German chancellor was similarly positive on the country's future, calling for a stronger union between the continent and Turkey.Earlier this week a spokesperson from the Turkish Industrial Development Banks (TSKB) described how the country's economy had benefited from foreign investment.Entry to the EU could be the catalyst for further gains, making it an attractive location for property speculators.