Turkey Property News

Turkey becoming increasingly popular choice for overseas property investors

Property prices in Turkey are steadily moving upwards with the latest Residential Properties Sales Price Trends Index from REIDIN showing they increased by an average of 0.81% last month compared to September.

The price of existing homes increased 0.73% in Turkey overall, 0.32% in Adana, 0.44% in Ankara, 0.96% in Istanbul, 2.11% in Izmir and 0.45% in Kocaeli. But they fell 0.38% in Antalya and 0.76% in Bursa. [click to continue…]

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Thumbnail image for British buyers top foreign purchasers in Turkey, figures show

British buyers top foreign purchasers in Turkey, figures show

September 1, 2011

British, German and Greeks are the top foreign buyers of property in Turkey, according to official data from the Land Registry Directorate’s Foreigner Affairs Unit. Foreign buyers from 89 countries have purchased approximately 111,200 properties across Turkey. British people are the most prolific buyers with 35,249 British people owning 24,848 properties, followed by Germany and [...]

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Thumbnail image for Developers see surge in demand for property in Istanbul

Developers see surge in demand for property in Istanbul

June 1, 2011

Istanbul’s property market shows no sign of faltering in 2011 as the city’s population continues to soar with the rate of migration more than doubling during 2009/10 according to latest official figures. Over 102,000 migrants made Turkey’s largest city their home during 2009/10, accounting for 7.7% of Istanbul’s total population compared to 39,500 during 2008/09, [...]

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Thumbnail image for Istanbul earmarked as investment opportunity for new property acquisitions

Istanbul earmarked as investment opportunity for new property acquisitions

May 11, 2011

Istanbul has been named the top city in Europe for new property acquisitions and development in 2011 by a new report, as it is less likely to be affected by the economic problems affecting the rest of the continent. For the second year in a row the annual Emerging Trends in Real Estate Report Europe [...]

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Thumbnail image for Turkish real estate market seeing increased confidence from overseas buyers

Turkish real estate market seeing increased confidence from overseas buyers

April 18, 2011

Turkey is tipped to experience a mini property boom as increased market confidence and exceptional developments launching this summer encourage the return of overseas buyers, it is claimed. According to the Turkish Real Estate Investing Partners Association (GYODER), property sales in Turkey to foreigners in 2010 were up 40% reaching sales of $2.5 billion compared [...]

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Thumbnail image for New airport for Istanbul seen as a boost to buy to let property market

New airport for Istanbul seen as a boost to buy to let property market

November 12, 2010

Istanbul’s western suburbs are set to be more in demand from buy to let property investors as Turkey’s largest airport is given the green light, it is claimed. The Silivri district on the European side of the city will be the location of Istanbul’s third airport that will have capacity several times greater than the [...]

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Thumbnail image for Property investors set to get boost from new £50 million metrobus line in Turkey

Property investors set to get boost from new £50 million metrobus line in Turkey

September 2, 2010

Real estate in the already burgeoning suburb of Beylikdüzü on the western side of Istanbul is set to receive a further boost with the announcement of a new Metrobus connection to the city centre, it is claimed. Due to open in 2011, the Metrobus line will operate between Söðütlüçesme, a neighbourhood on the Asian side, [...]

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Thumbnail image for Residential property prices and rents moving upwards in most areas, latest index shows

Residential property prices and rents moving upwards in most areas, latest index shows

May 21, 2010

Residential property prices in Turkey are slowly edging upwards with the latest real estate index showing improvements in many of the seven major cities and 71 districts it covers. In April actual sales prices increased 0.16% in Adana, 0.04% in Ankara, 0.68% in Istanbul and 0.2% in Kocaeli, the national TRPPI (Turkey Composite Index) report shows.

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Thumbnail image for Economic outlook set to boost confidence in Turkish real estate market, experts believe

Economic outlook set to boost confidence in Turkish real estate market, experts believe

April 16, 2010

Confidence in the Istanbul property market is increasing and a 6% growth in the Turkish economy is expected to boost interest, it is claimed. Turkey’s GDP rose an impressive 6% in the last three months of 2009 compared to the same period in 2008, far exceeding the 4.5% growth forecast.

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Thumbnail image for Index shows Turkish property prices stable as country receives credit ratings boost

Index shows Turkish property prices stable as country receives credit ratings boost

March 10, 2010

Residential property prices in Turkey are stabilising and a credit rating upgrade is expected to increase interest in a country that has managed to avoid the worst excesses of the global economic downturn, it is claimed. Officials real estate price figures are hard to come by but the regular monthly index from REIDIN.COM gives the best indication of [...]

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Thumbnail image for New marinas to open in Turkey to boost its investment opportunities

New marinas to open in Turkey to boost its investment opportunities

January 29, 2010

New marinas in Turkey could attract more property investors as the country aims to position itself as a major yachting destination and attract business away from popular Mediterranean locations. The latest project to be announced is a 400 berth marine in the Turkish Aegean resort of Cesme from international marina operator Camper & Nicholson. Located in the [...]

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