Real estate purchases booming in Turkey


According to official reports declared at The World (Dunya) newspaper, in 2010 Turkey’s economy hit the growing rate by 8.9 percent and made it to the list as one of the most rapid growing economies in the world. The Turkish Statistics Institute informs that the growth continued in 2011 and has reached 9.2 percent to many investors’ profit. The first quarter of 2012 showed consistent increase trend and carried its arrow above the market estimation.

The two basic hot spots of real estate purchases in Turkey are Istanbul and the southern Turkish riviera that includes Antalya, Kemer, Alanya, Side, Kas, Kalkan, Fethiye and Bodrum. Thus the number and large variety of properties for sale in Turkey enables interested foreigners to chose among the best Turkish real estates for them.

Istanbul draws major attention of many foreign investors as big local and international players of the construction sector put money in numerous solid and wide scaled projects that offer lucrative business for both sides. Also fascinating daily life trends and the natural uniqueness of the city inspires many foreign individuals to purchase in Istanbul to live or to invest. Also many people tend to purchase old, historic buildings to restorate in order to increase property value of the real estate within their own investment plans. The largest trend of foreign purchases though focuses on larger new built or off plan compounds at recently growing neighborhoods where real estate prices ar easily affordable and high rates of investment returns are promised.

The southern Turkish riviera is also a paradise for many Western investors as the area offers fine quality of constructions for quite reasonable prices and simply because of the beautiful climate.

All together, property for sale in Turkeyapartmentsvillasloftssea front mansions, historical residences or commercial properties will continue growing and turning to maximized investments.

Category : Blog

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