Brits still lining up to invest in Turkey - Emerging Real Estate

Brits still lining up to invest in Turkey

28/11/2011

Brits still lining up to invest in Turkey

British investors are still focusing on Turkey with new data released this week showing that 1 in 6 Turkish properties bought by overseas investors in the last two months were bought by Brits.

Information supplied from the Land Registry Directorate General indicates that there are now almost 115,000 foreign owned properties throughout the country. The data also shows that Brits remain the most active foreign investors with over 25,000 properties in total now owned by British citizens. 

In other good news, Turkey’s house prices are continuing to rise – the value of homes in the country increased by an average of 0.81% last month compared to September. Istanbul continues to lead the way with an average increase of 0.88% while rents in the cosmopolitan city went up by 1.26% during the September – October period.

 “Turkey has become an exceptionally popular property choice. At present it is an anchor of stability with a booming economy that is hoped to reach around $2 trillion by 2023, and with the predicted 2.9 million housing units required over the next four years to accommodate the ever growing population, we at Property Frontiers have recognised the flourishing potential of Turkey as a lucrative property investment hub," Ray Withers, Director of Turkish property investment experts, Property Frontiers, says.

Here at Emerging Real Estate, we have been offering incredible deals on our properties in Istanbul over the last 12 months and we have been encouraged by the number of clients we have helped to purchase property in the city. To find out more about the excellent apartments we are offering in Istanbul please do not hesitate to get in touch.