Foreign investors continue to buy more property in turkey

An increasing amount of foreign nationals are buying property in Turkey according to the most recent data. Industry experts have charted the significant annual increase property purchase by foreign nationals since 2006 and suggested that this is set to continue.

The data showed that between 2006 and 2008, foreign nationals spent a total of £1.8 billion on Turkey property increasing to £1.1billion in 2009 alone. The newest data now shows that this trend has continued into 2010 with a staggering total expenditure of 1.5 billion in just one year.

Interestingly, it was noted that British investors are buying the most property in Turkey. The increasing popularity of property in Turkey has been witnessed across the industry with agents and developers alike reporting increased sales.

It is thought that the increasing interest in property has been helped by Turkey’s ever improving economic forecasts that predict growth of 4.6% and 4.5% this year and next year respectively.

Source: Select Property