turkey property 4th most popular in world
News Posted On: 08 September 2009
Turkey property continues to grow in popularity with overseas property buyers, especially Brits as the Turkish Lira fails to gain back any of the ground that Sterling took in April.
According to overseas property portal Property Abroad.com's chart of the most popular locations looked at by those searching for property on the site, Turkey is the 4th most popular country in the world with overseas property buyers. This is above Greece, Italy, Portugal and Cyprus.
Turkey is currently on an upward trend; becoming more popular according to the portal. It took 4th place in April, when Sterling began to strengthen. Over the months of May and June, as Turkey property became almost 11% cheaper to British buyers because of Sterling's strength against the Lira, Turkey fluctuated between 4th and 5th place. In July, when the Lira began to regain some ground, Turkey fell back to 8th on the chart.
Analysts predicted that the Lira would strengthen significantly against Sterling, but this has failed to materialise. It has stayed at 1.00GBP/2.44TYR, with Turkish property just under 10% cheaper to British buyers than it was in April, and that likely explains Turkey's regained position, at least in part.
While the exchange rates are very likely a catalyst, the main reason for Turkey's popularity in the chart, is its rising popularity as a British tourism destination (Brits are the biggest buyers of overseas property in Europe).
The Association of British Travel agents revealed earlier in the year, that tourism from Britain to Turkey has grown by an average 20% for the last few years, and forecast 25% growth this year. It stands to reason that today's tourists are tomorrow's holiday home owners.
View property for sale in Turkey
View overseas property for sale
Back to news articles for this country
Latest Related News Articles in Turkey
South Korean President to Visit Turkey
2012-02-03
The South Korean president is visiting Turkey with the aim of discussing ways to expand cooperation,.....
Turkey Election 2011 Brings AKP Third Term as Expected
2011-06-13
Well, the Turkish election went pretty much as everyone expected it would, a convincing victory for .....
Turkey Property Investment Demand Rises Year on Year
2011-06-02
Before the recession was fully realised, there were plenty of economists and property experts taking.....
Not Just a Purple Patch For Turkey Property Hotspots
2011-05-26
Turkey, it would seem, has finally answered each and every one of its critics. Those who doubted tha.....
Turkey Property Unmistakeable Overseas Property Hotspot
2011-05-23
It can no longer be ignored; Turkey is now one of the hottest markets in the world of overseas prope.....
Turkish Investors Prefer Gold to Banks
2011-04-01
People in Turkey prefer to put their money into gold or cash rather than in banks in spite of reassu.....
Armchair Property Investors Benefit From Stable Turkey
2011-03-04
As is always the case during periods of turmoil, someone or something bucks the trend, and while the.....
Restricted Nations Show Istanbul Property Investment Interest
2011-02-22
A new surge in Istanbul property interest has emerged from restricted nations across the Middle East.....
Tax Efficient SIPP Shines on Turkey Property Investor
2011-02-18
Turkey continues to attract investors especially the Self Invested Personal Pension (SIPP) investor......
Hotel Rooms Provide Sound Istanbul Property Investment
2011-02-03
Hotel room investment in Istanbul - as the country's property market begins to heat up again are hot.....