Property For Sale In Turkey – The Quick Facts

Fuelled by bullish economic growth, a booming tourism industry and political stability, Turkey’s property market is performing remarkably well.

There is unanimous consensus amongst industry experts that Turkey is one of the best places in the world for property investment, with Istanbul highlighted as the number one city to invest in property by PricewaterhouseCoopers 2011 “Emerging Trend in European Real Estate” report.

The statistics appear to prove this theory with a marked increase in the number of foreigners investing in property in Turkey. According to the Turkish Real Estate Investing Partners Association (GYODER), sales to foreigners of Turkish property grew by an impressive 40% in 2010 when compared to 2009.

Domestic demand is also growing significantly according to the GYODER report. The country’s strong economic growth, rising employment and growing affluence is increasing purchasing power of the population.

An increasing number of Turkish citizens are now able to buy property and actively participating in the market. As one of the fastest growing populations in the world and the massive migration to cities and tourist resorts for work, demand for property in these key areas is growing.

Throughout the country there is a shortage of homes, especially in areas that are receiving an influx from the extensive internal migration currently occurring in Turkey. As a whole, projections for property demand in Turkey will reach 2.9 million houses by 2015.

As Istanbul and other major cities such as Izmir and Antalya become major business hubs, drawing domestic workers and international businesses alike, demand for property will only continue to grow.

The strong domestic and international demand for property in Turkey has seen property prices rise by 6% year-on-year, according to the GYODER report. With tourism growing at an ever-increasing pace, buy-to-let investors who are entering the market are seeing massive potential to earn immediate rental yields whilst benefiting from long-term capital appreciation for the foreseeable future.

Click here to review our properties for sale in Turkey.

If you have any questions, we would be delighted to assist you. Please feel free to Call: +44 (0) 207 100 2393 or Email: [email protected].

We look forward to the opportunity of assisting you to invest securely and successfully.

Kind regards,

Loxley McKenzie
Managing Director

P.S. Where do you think is the best place to invest in Turkey? Please leave feedback below.

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