123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Real-Estate-and-Foreclosure >> View Article

Why An Apartment In Turkey For Sale Is Hot Property!

By Author: Hariom Sharan
Total Articles: 21

Are you looking for apartments for sale in Turkey? Join the club! Many buyers are drawn to Turkey, specifically the world city of Istanbul when it comes to purchasing residential properties. In fact, the number of homes sold in Turkey rose in September 2017, setting the course for the country to beat the sales record of 1.3 million properties sold in 2016.

Turkey's Growing Real Estate Market

An apartment in Turkey is in huge demand nowadays. TurkStat has estimated that more than 140 thousand homes were sold in September this year. This makes a Y-O-Y increase of 28.8 percent. The figure is 16.7% higher than over the preceding month. It is a buyer's market this year with many foreigners and expats rushing to purchase apartment in Turkey for sale. Consider that the number of foreigners buying homes in Turkey rose by 75 percent this September.

In the previous year, 18,819 properties were sold to expats. But the first 9 months of 2017 have seen as many as 15, 241 properties sold. This includes a year on year 147 percent increase in Istanbul property sales.

In September, around 1/3rd of the 2236 properties sold to foreigners were from the east meets west city of Istanbul. After Istanbul, Antalya was in second place. As many as 520 homes were snapped up by foreigners in this Turkish city.

Growing Number of Foreign Buyers

If you want to buy an apartment in Turkey for sale, you are in good company. The top buyers of properties in Turkey hail from Iran, Saudi Arabia, Kuwait, Russia and the UK. The figures show a massive trend of Middle Eastern nationals investing in Turkey. EU nationals are also choosing to call Turkey their home.

Record Sales

The figures mean a new record could be in the offing for Turkish real estate. It was in 2016 that the Turkish house sales hit an all time high, with sales reaching 1.3 million. The number of residential properties sold were more than one million units in the first nine months. Experts are even predicting 2017 could see the sale of 1.5-2 million homes.

With property purchases over one million USD resulting in citizenship, and automatic Turkish residence for first home buyers, plus a hefty VAT discount, the numbers are a cause for celebration among home buyers and investors. European citizens also target Turkey for second homes and investments. So far, 140,832 individuals have bought homes in Turkey and hail from the EU. One third of these purchases were made post 2012, when buying laws were relaxed. With UK investors being the top of the line, other EU nationals who also invest in Turkey include Germans and Dutch. EU buyers are steadily rising in numbers. Turkey sure is a hot property destination for the global realty investors and international home buyers.

More About the Author

I am real estate consultant in Turkey, Istanbul at www.investinistanbulrealestate.com , Our range of residential and commercial real estate investment services include villas sale, apartment sale, homes sale in Istanbul, and interior design services Internationally. Get reliable property and houses for sale in Turkey, Istanbul.

Total Views: 15Word Count: 469See All articles From Author

Real Estate and Foreclosure Articles

1. Best Residential Property Destination In Mumbai - Goregaon
Author: Saloni Mehta

2. Marketing Tips For Your Business - Md Properties Llc
Author: MD Properties LLC

3. Nela Real Estate: Does It Pay To Buy A Fixer-upper?
Author: Samantha Turkle

4. Reasons Why Walls Crack – Explained By Sydney Cbd Civil Contractors
Author: sydneycivil contractors

5. Tips To Keep In Mind Before Buying A 3bhk Flat In Gurgaon
Author: Mapsko Group

6. Buying A Property In Bulgaria? Here Are 5 Reasons To Consider Veliko Tarnovo
Author: Andy Turver

7. Looking The Luxury Villas For Sale In Alfaz Del Pi, Spain With Immoabroad ?
Author: ImmoAbroad

8. Cheap Houses For Sale In Cambridge - When Affordability Is Not An Issue
Author: Justin Arthur

9. 3d Floor Plan Design Studio
Author: Satish Singh

10. Real Estate Adelaide
Author: John Adams

11. Real Estate Bendigo
Author: John Adams

12. Flats In Whitefield At Prestige Lakeside Habitat Offers Premium Lifestyle In Bangalore
Author: RedCoupon

13. Contact Adhesive – An Excellent Superglue For A Unique Purpose
Author: Chad Lakin

14. Real Estate Ballarat
Author: John Adams

15. How To Looking For A Spacious School In Umass Med, Medical School Apartments
Author: John Robert

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: