Population growth has positive impact on Turkish property prices
Monday, June 9, 2008
Ian Jones, director of investment for Cordea Savills has said that property prices are likely to rise all the time due to the steady growth of the Turkish population. He persuaded investors to invest in property in Turkey because this suggests conditions are ideal for further upward movement in the housing market.
He explained the reason behind the prediction that the population of Turkey is of 70 million people with half of them under 30 and with an average annual population growth is one per cent.
The Independent has reported that that Turkey is becoming popular because their housing markets are growing at a substantial pace. The house prices went up by 20 per cent last year, while its property values are comparatively cheaper than other European countries. Consequently, Turkey could be a perfect destination for overseas investors, as there is greater demand for property for sale; a profitable resale is much more likely.
Property experts believe that Turkish property market is likely to continue expanding at a substantial rate during the next few years. Investors could grab a potential bargain once they enter the market early, as the future sale price will be significantly higher.
Social BookmarkingHe explained the reason behind the prediction that the population of Turkey is of 70 million people with half of them under 30 and with an average annual population growth is one per cent.
The Independent has reported that that Turkey is becoming popular because their housing markets are growing at a substantial pace. The house prices went up by 20 per cent last year, while its property values are comparatively cheaper than other European countries. Consequently, Turkey could be a perfect destination for overseas investors, as there is greater demand for property for sale; a profitable resale is much more likely.
Property experts believe that Turkish property market is likely to continue expanding at a substantial rate during the next few years. Investors could grab a potential bargain once they enter the market early, as the future sale price will be significantly higher.
Labels: Market-Trends, Property-prices
