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
Frontline mansions

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 in 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.

House prices
Prices of property in Turkey have risen continuously, largely due to the rising middle class gaining access to mortgage finance for the first time, reports 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.

House purchases
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 investment
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).

Where are buyers investing?
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 were sold and Yalova had 108 sales. The Aegean province of Aydin saw 93 properties sold.

Brits buying in Turkey
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 buyer. Why? It’s simple really the weather has a lot to 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

Sea view

Apartments For Sale In Turkey

Money box

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

Poolside villas

Turkish Real Estate

Istanbul houses

Can You Buy A Property In Turkey Online?

The view on  Bosphorus with Bosphorus bridge, Istanbul, Turkey

Property For Sale In Istanbul

Turkish houses

Countries whose citizens can buy property and estate in Turkey

buildings in Istanbul

Where Is The Cheapest Place To Buy Property in Turkey?

furnished house

Decorating Your Turkish Property

villa with pool

Build Your Own Home in Turkey

The Bosphorus

Demand For Property For Sale In Istanbul, Asian Side

Leave a Comment Cancel Reply

CAPTCHA
Refresh

*

Popular Posts

  • buildings in Istanbul

    Where Is The Cheapest Place To Buy Property in Turkey?

    December 19, 2017
  • Frontline mansions

    Is buying property in Turkey a good investment?

    December 21, 2017
  • Boat on Bosphorous

    How many Brits own property in Turkey?

    December 21, 2017
  • Turkish houses

    Why is property so cheap in Turkey?

    December 21, 2017
  • Castle walls

    Can I get a mortgage for a property in Turkey?

    December 21, 2017

Recent Posts

  • house with pool

    What Criteria Do Foreigners Prefer When Investing In Real Estate In Turkey?

    April 13, 2021
  • small house and coins

    Do Foreigners Pay Taxes In Turkey?

    April 13, 2021
  • Different currency

    How Much Money Do You Need To Live Comfortably In Turkey?

    April 12, 2021
  • mortgage tiles

    How Can A Foreigner Get A Mortgage In Turkey?

    April 12, 2021
  • Flag of Turkey

    How Much Does A Turkish Residence Permit Cost?

    April 11, 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

  • buildings in Istanbul

    Where Is The Cheapest Place To Buy Property in Turkey?

    December 19, 2017
  • Frontline mansions

    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