Turkey Real Estate Market in Rise
Turkey has always been one of the most attractive location for tourist from all over the world with its beauty and sincere people. As the tourism is being one of the most important aspect in Turkey, it also brought new opportunities on the side for the Turkish economy such as real estate investment, textile export, and industrial trade.
Increase in the Turkish Real Estate Market has pushed government to provide safe real estate market for international investors. These positive movement coming with the government has given the opportunity for non-Turkish buyers to bring their investment into Turkish real estate market with high confidence. Especially for the last couple years, there is a drastic increase in the demand for real estate industry. Looking at the data that are provided by Turkish Statistical Agency (TurkStat), number of property purchased by foreign investors came up by over 65% in 2014 and has gone over 15,000 units which is the new record for the market. With these numbers provided, Turkey is also the #1 country within the G20 member countries with the highest property value increase.
In 2015, it is expected to be much higher because of the high earnings of the current investors and constantly increasing demand in the Turkish Real Estate Market. Even though the market rapidly grows, there is still a lot of potential for the future real estate investments because of the high population in Turkish cities and the increase of foreigners who are looking to relocate or retire in Turkey.