Turkey attracts increasing numbers of overseas property buyers…
If you’re planning a property viewing trip to Turkey, you’re not the only one! Prompted by the strength of the pound against the Turkish lira and a huge range of property, sales to overseas buyers rose by more than a quarter last year.
Foreign property buyers are continuing where they left off in 2017 by snapping up villas and apartments at an increasing rate in Turkey.
Statistics released this week showed that 1,729 properties were sold to foreign buyers February. While in January 1,742 units were sold – a 25.7% rise compared to January 2017.
The last two months have followed the pattern of 2017, during which 22,234 properties were sold to foreign investors. This represents a 22.2% rise on 2016. Last year more than a third (8,182) of properties sold to this section of the market were within the Istanbul province.
Turkey is also eyeing a major boost in its tourism industry, potentially benefiting the property market as an increased number of tourists enjoy the country before deciding to invest here.
The Culture and Tourism Ministry has revealed that the nation is hoping to welcome around 38 million tourists this year.
Minister Numan Kurtulmus commented that increased flights from Europe and Russia, as well as holidaymakers turning their backs on Spain, was cause for optimism.
Turkey hosted over 32 million tourists in 2017 generating $26.5 billion.
Turkey’s tourism hopes were further boosted this week by news that increasing numbers of Germans are booking flights here. Furthermore, it’s estimated that around four million Russians are will be heading to Turkey’s Mediterranean resorts this summer.
So, as you can see, the decision to buy property in Turkey is definitely a good one and brings many more benefits than other popular destinations inside and out of the EU. Why not take a look at what properties we currently have on offer in Turkey today?