Property In Turkey, Turkish real esate for sale
  • Home
  • About us
  • Turkish Property
  • Helpful Tips
  • Property Ideas
  • Write For Us
  • Contact us

Property In Turkey, Turkish real esate for sale

Banner
  • Home
  • About us
  • Turkish Property
  • Helpful Tips
  • Property Ideas
  • Write For Us
  • Contact us
Turkish Property

Is buying property in Turkey a good investment?

written by L R December 21, 2017
Istanbul city, the view from water, Turkey

Turkey is an excellent country to invest in; the property market in Turkey is still buoyant; the truth is property prices continue to rise although at a slower rate than 2016. During the year to July 2017, Turkey’s nationwide house price index increased by 11.6%, according to figures released by the Central Bank of the Republic of Turkey (CBRT). When adjusted for inflation, house prices rose 1.65%, less than the 4.76% inflation-adjusted year on year price rise during the same period last year.

Property prices in Turkey have risen continuously, largely due to the rising middle class gaining access to mortgage finance for the first time, reports Kate Everett-Allen, Knight Frank’s head of International residential research.

In 2016 property price rises started to slow due to economic and political turmoil: terrorist attacks, political uncertainty among others. Istanbul’s prime market suffered badly that year. Despite the recent price slowdown, “In the long-term, Turkey is likely to remain on the radar of investors, given the underlying market fundamentals of strong demand set against low supply” according to Kate Everett-Allen.

Property purchases have continued to rise, with 17% and 25% year-on-year increases in September and October respectively. This has been largely fuelled by local demand, which is set to increase next year. Backed by President Erdogan, commercial banks have been offering cheaper loans, which have instigated local property demand. 2016 has seen a 71% increase in mortgaged house sales, accounting for a third of all sales of villas and apartments in Turkey, and this trend is likely to continue through 2017.

Foreign investors are still buying and the top foreign buyers are Saudi Arabians who topped the list for most foreign property sales and they bought the grand total of 528 properties in Turkey during the month of October in 2017. In second place were the Iraqis who bought 344 units, third is the Azerbaijanis bought a total of 278 properties, fourth saw the Kuwaitis investing in 154 units and in fifth place the Russians bought 125 Turkish homes during October, all the data has been supplied by (TÜİK).

Favourite is Istanbul; it is a hot spot for investment and continues to prove popular with 1,321 property sales to foreign buyers. In second place is Antalya with 465 units sold and in the northwestern province of Bursa 121 units was sold and Yalova had 108 sales. The Aegean province of Aydin saw 93 properties sold.

The British have taken Turkey to their hearts and according to statistics over 32,000 British nationals have bought a second home whether it is for holidays or investment purposes in Turkey. To date, the British own more homes in Turkey than any other foreign property buyers. Why? Its simple really the weather has a lot do with it with 300 days of sunshine per year and the mild winters are a major attraction, couple this with affordable property and you are on to a sure winner.

Turkey remains the top country for most buyers it’s a great investment!

0 comment
0
Facebook Twitter Google + Pinterest
L R

previous post
Why is property so cheap in Turkey?
next post
Can foreigners buy real estate in Turkey?

You may also like

Istanbul city Bosphorus panoramic sea view, Turkey

Is buying property in Turkey a good idea?

Istanbul houses

Can You Buy A Property In Turkey Online?

Bay of Alanya. Turkey

Can I get a mortgage for a property in Turkey?

Turkey home

What are the top 6 locations to invest in Turkish Property?

Bodrum villas

Is It A Good Idea To Invest In Property In Turkey?

Yenikoy. Villa Burhanettin Efendi on the Bosphorus, Istanbul

Are there property taxes in Turkey?

Poolside villas

Turkish Real Estate

blue door

Real Estate Evaluation In The Turkish Real Estate Market

Lakeside houses

Planning To Travel To Turkey In 2021?

Turkish beach

Why Buy Property For Sale In Turkey in 2021

Leave a Comment Cancel Reply

CAPTCHA
Refresh

*

Popular Posts

  • Istanbul

    Where Is The Cheapest Place To Buy Property in Turkey?

    December 19, 2017
  • Istanbul city, the view from water, Turkey

    Is buying property in Turkey a good investment?

    December 21, 2017
  • Istanbul Bosporus seafront, Turkey

    How many Brits own property in Turkey?

    December 21, 2017
  • Bay of Alanya. Turkey

    Can I get a mortgage for a property in Turkey?

    December 21, 2017
  • Minarets In Old City Safranbolu, Turkey

    Why is property so cheap in Turkey?

    December 21, 2017

Recent Posts

  • Temple ruins

    Side Area Guide

    March 3, 2021
  • real estate words

    Successful Real Estate Investment In Turkey

    March 2, 2021
  • Turkish Mediterranean Coastline

    Best Areas To Buy Property In Fethiye

    March 1, 2021
  • Bodrum Area Guide

    February 28, 2021
  • Turkish doorway

    The Cost Of Owning Real Estate In Turkey

    February 27, 2021

Keep in touch

Email

About Us

Welcome to Property in Turkey, if you are reading this then you are looking for guidance in finding the right property for you and you have come to the right place! Here at Property in Turkey, we offer expert unbiased advice about properties throughout this wonderful country for sale.

Popular Posts

  • Istanbul

    Where Is The Cheapest Place To Buy Property in Turkey?

    December 19, 2017
  • Istanbul city, the view from water, Turkey

    Is buying property in Turkey a good investment?

    December 21, 2017

Pages

  • About us
  • Contact us
  • Write For Us
  • Privacy Policy
  • Terms and Conditions
  • About us
  • Write For Us
  • Contact us
  • Terms and Conditions
  • Privacy Policy

@2018- Copyright propertyinturkey.co.uk


Back To Top