The Global Emerging Markets Index is published monthly by the independent company Currency Direct. The index tracks the number of foreign exchange transfers in emerging markets from around the world.

Turkey has held its position as the most attractive investment opportunity for some time, as has the country positioned at number two: Bulgaria. This month, Brazil has joined the top ten for the first time; Latin America’s richest country managed to climb to number nine on the list. Dubai has always performed positively in the index, regularly appearing in the top ten, as have Eastern European countries Hungary and Poland.

The foreign exchange firm has observed that most of its clients buying in Turkey are looking at the Aegean and Mediterranean coasts, and that over the past eighteen months, the number of Britons owning property in Turkey has jumped by more than 200%. They say the marked increase in the number of foreign exchange transfers in Turkey is due to the fact that foreigners are now able to obtain a local mortgage, combined with restrictions on property legislation being relaxed in the country. Property investors are attracted to the potential rental returns offered by the estimated 25 million tourists who holiday in Turkey every year.