Foreign buyers in Turkey beat all records

03.03.2014 00:00
Articles about real estate | Foreign buyers in Turkey beat all records In 2013, Turkey has sold more than a million homes and apartments. The demand for them has come mostly from foreign buyers. These data are published in Turkish Statistical Institute (TurkSat). It is reported portal Turkish Press.

Number of housing sold increased from 701,621 objects in 2012 to 1,157,190 in 2013 objects , while foreigners have bought 12,181 housing units . Almost 40% of them were purchased using a mortgage loan.

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Antalya province has become the most popular for overseas buyers . It was made in 2013, 5548 transactions. 2447 transaction was held in Istanbul , 1112 in Aydin , Mugla in 1053 and 545 in Mersin .

" 2013 was the fantastic due to the high demand for housing on the part of the Turkish buyers from the Middle East " - says Julian Walker , director of Spot Blue International Property. "Turkey is close to the Middle East , not only geographically , but also culturally. This encourages investors to buy property in this country, " - he adds.

Prices for new homes in Turkey increased by 13.55% in January 2014 compared to the same month last year , surpassing the growth of the rest of Europe . This is evidenced by the report New House Price index of companies Reidin-GYODER.

"It is expected that a growing sector of yacht tourism in Turkey lead to a surge of interest in the resort real estate in the country in 2014 due to the large number of marinas world class " - says Walker .

Expert also notes that in 2014, a property in Turkey will cost less to foreigners through depreciation of the Turkish lira against the dollar and euro.
Content tags: Overseas property
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