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PROPERTY TURKEY

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Foreign Buyers Prefer To Purchase Housing in Antalya, Istanbul and Aydin

According to a report from Turkish Property World real estate agency in Antalya, in year 2013 the statistics of TUIK showed that a total of 1 million 157 thousand houses were sold in Turkey, where 12 thousand units were purchased by foreign international buyers. Among the popular locations where housing developments and projects continue Antalya is taking the lead, followed by Istanbul and Aydin.

After the lift of the Reciprocity law for foreigners, there has been a high demand for buying a property in Turkey due to the ease of the buying process. The total amount of 12 thousand houses sold to foreigners, does not include ongoing developments and projects that yet has turned into a tapu (deed title). Up till today 124 thousand 311 houses and property has been purchased by foreigner citizens in Turkey.

Over the last 15 years Turkey has turned into an international hotspot not only for UK, France and Germany, but for people all around the world including Russia, China and the USA. Turkey has become the 6th largest economy in Europe while jumping from 23rd spot to the 16th strongest economy in the world.

At 8% GDP per year Turkey's growth rate is predicted to increase over the next 5 years, where by year 2023 the Turkish AKP ruling government has plans to add Turkey into one of the worlds super nations.

Dated, 26 July 2014

 
 
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Real Estate Turkey Riviera Map, 2015

 
Foreign Property Owners Antalya, Turkey
 
 
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