Residential property sales in Turkey
increased by 6.5% in August compared to the same month in 2014 and the
country has seen strong growth in purchases by foreign buyers.The data
from the Turkish Statistical Institute (Turkstat) shows the number of international buyers have increased 15.2% year on year.
According to some of the country’s real estate agencies that deals with foreign buyers, the market is proving particularly popular with buyers from Gulf States. My VIP in Turkey property investigators can confirm this as a development in the Turkish property market.
Prediction is that this will dramatically increase in 2016.
Arab tourists increased by 21 percent. Saudi Arabia and other Gulf countries now make up nearly 40 percent of Turkey’s 42 million annual visitors. This number will only get larger in 2016.
Most buyers come from Kuwait, Iraq, the UAE and Jordan. Arab billionaires - and royal families from the Gulf region are investing heavily in seaside residences in chic Istanbul, Bosphorus areas: Kandilli, Vanikoy, Bebek and Yenikoy, where prices can reach US$100 million. Other buyers are seeking out villas near Sapanca Lake and Kartepe, and interest in the historic city of Bursa is growing.
Arab buyers tend to prefer the Black Sea region, with the province of Trabzon growing in popularity among both Arab tourists and buyers.
Speak to our agents to learn more about property investment in Turkey.
Credits - Property Wire, Property Turkey
According to some of the country’s real estate agencies that deals with foreign buyers, the market is proving particularly popular with buyers from Gulf States. My VIP in Turkey property investigators can confirm this as a development in the Turkish property market.
Prediction is that this will dramatically increase in 2016.
Arab tourists increased by 21 percent. Saudi Arabia and other Gulf countries now make up nearly 40 percent of Turkey’s 42 million annual visitors. This number will only get larger in 2016.
Most buyers come from Kuwait, Iraq, the UAE and Jordan. Arab billionaires - and royal families from the Gulf region are investing heavily in seaside residences in chic Istanbul, Bosphorus areas: Kandilli, Vanikoy, Bebek and Yenikoy, where prices can reach US$100 million. Other buyers are seeking out villas near Sapanca Lake and Kartepe, and interest in the historic city of Bursa is growing.
Arab buyers tend to prefer the Black Sea region, with the province of Trabzon growing in popularity among both Arab tourists and buyers.
Speak to our agents to learn more about property investment in Turkey.
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