turkey property investment demand rises year on year
News Posted On: 02 June 2011
Before the recession was fully realised, there were plenty of economists and property experts taking nervous backward steps from investments of any kind, because as far as they were concerned the writing was on the wall.
Fast forward two years, the writing is on the wall again but this time it is a very different message becuase property experts are seeing real value in certain countries and cities. And, where Turkey property is concerned, the statistics are currently speaking for themselves.
In the opening quarter of 2011 home sales increased by 6.07% year-on-year in Turkey, the Turkey Statistical Institute unveiled in its latest report. Clear indicators of high and climbing demand show that Turkey is a country with opportunity going forward, explains Graham Flaherty, Turkey Property Expert. He says: “The report by the Turkey Statistical Institute showed that 20 regions of Turkey actually showed an increase in house sale, with just six showing year-on-year falls. People are investing in Turkey homes becuase they can see value in their investment going forward.”
And this level of interest is not only being generated from property investors in Turkey, becuase investors from Europe and, indeed, other areas of the world are noticing high demand levels and are showing an interest in getting involved.
Flaherty adds: “I am finding interest is coming in from countries acorss Europe, particularly the UK, as well as countries much further afield as well. In simple terms, if investors see a flood of interest flowing towards one country, they will look to take advantage before demand outweighs supply.”
Though certain areas of Turkey are managing to satisfy the demand levels for Turkey property at the moment by accommodating huge developments at affordable prices for investors. Istanbul’s transformation in recent years into a modern metropolis within a traditional backdrop has made it the ideal candidate for contemporary housing for buy-to-let investors looking to take advantage of the every-growing visitor numbers into the city.
Also strengthening the arguement for investors at the moment is Turkey’s economical stability, which is always has to be a factor for those in overseas property. And, with April 2011 exports increasing by 26.5% and imports climbing by 40.2% year-on-year, you can see how the propery excitement is being adequately fuelled.
There is little doubt that interest in Turkey property is going up, and when you consider that the country is in a stable condition while cities like Istanbul are emerging as key European tourist destinations, you can understand why demand is rising at a rate that, very soon, may well surpass supply.
Author: Graham Flaherty
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