Turkish Real Estate News
Property Market Trends and Reviews

Property prices are expected to start a rapid acceleration in Istanbul. Everything is perfect for the investors to invest in this major metropolis.

The Chamber of Istanbul Public Accountants and Financial Advisors (İSMMMO),
Done a research titled "Turkey doubles its Value," states that investment in land became good investment vehicles for investors as it yields are more than that of gold. The study notes that gold prices witnessed more than three-and-a-half times rise, and inflation three-fold. Meanwhile, the price of residential spaces has increased 7 to 20-fold post 2001 economic crisis. The study showed that the construction sector is forging ahead, the rental costs of office spaces have also surged upward and a massive 120 percent increase in the last three years.

Istanbul's Pendik Velibaba, Bağcılar and Başakşehir districts offer cheapest housing YTL 1,000 per square meter .property investors can buy a home in Istanbul for between YTL 80,000 and YTL 90,000 ($68,400-77,000) and those were being sold for between YTL 7,000 and YTL 10,000 ($6,000-8,500) in 2001-2002 .Istanbul Real Estate ranks the highest in terms of total returns mainly due to expected capital appreciation on property in Istanbul. Prestigious new builds have become quite popular in the last few years. The cost of residences were 100,000 ($86,000) three years ago, and now priced more than YTL 300,000 ($257,000).The luxury comes at a price as One square meter of the lofts apartments can go for $10,000 today.

Prices of office premises has soared up as more number of foreign businesses are establishing bases in Istanbul and all professionals and workers who in turn require respectable accommodation to buy and let. This demand fuels the investment and excitement among investors, inflating rental yields and pushing up residential and office property prices.

Labels: Istanbul, Office-space, Property-prices

Paul Collins, the property editor of The Buy Association has said that Turkey is set to become the capital of new Holiday Property Investment in the New Year. He further said that property market may see radical changes and in 2008 it will see the surfacing of alternative developments different from the type of customary beach villas.

British tourists and investors are tempted by the turquoise coastline, water sports, water skiing and scuba diving that is on offer in many of Turkey's coastal towns. Many people who visit Turkey are impressed by the Mediterranean climate, hospitality and great value of the country that they turn from tourists to property investors.



Mr. Collins further said that the alternative developments instead of beach villas will gain momentum next year and chances of ski properties coming up within next 2 years add value to the already booming property market.

According to the statistics revealed by homefast says that even though the prices has gone up to 15 to 20 percent in the last year, turkey is becoming exciting destination for property buyers and already 17,000 British have property in Turkey.

Labels: Holiday-property, Turkish-property

Turkey's EU bid with the European Union made life easier for foreign investors in Turkish property market. In terms of income already turkey has been classified as the 20th biggest economy in the world by the World Bank. The country's economic growth and EU bid has created new downstream investment opportunities and in property market.

Rhiannon Williamson, director of www.ShelterOffshore.com , said the government and the majority of people's opinion are favoring the country joining European Union. Government authorities stick with political and economic reforms to meet EU entry requirements.

Several sectors like transport, telecommunications have been liberalized independent regulation authorities have been created, and these reforms have helped the in-depth economic modernization process. Banking and financial reforms is under way,
Ms Williamson added that work is going on to make property laws similar to those in EU member states to give more confident and secured environment for foreign investors in turkey.
German chancellor Angela Merkel has also made her intentions clear about denying Turkey full membership in EU. France has also opposed turkey's bid to join EU. Spain and the UK are supportive of turkey's bid. Despite tensions between certain EU countries and Turkey, still attracts number of European investors.

Labels: Economy, Market-Trends

The South-western 'Turquoise' Mediterranean Coast of Turkey presents valuable opportunity as thousands cash in on soaring prices in Spain and Portugal to buy a second home in turkey. The market has increased to record proportions because lack of good accessibility and issues in mortgages for British buyers are expected to be cleared in 2008.



The low cost easy jet airlines announced today that it will acquire the assets and business of GB Airways, which has more operations in turkey's southern coast. British Airways is launching flights from Gatwick to Antalya in Turkey next summer. There will be three flights per week to Antalya from April 10, 2008. Opening of a second airport for Antalya Region in Gazipasa in the near future is being planned but the routes will be confirmed soon.

According to the property sales law, foreigners can have property in Turkey and it is been accepted in the Parliament. The new mortgage law in Turkey sets new standards and it will accelerate the Flow of Foreign Capital into Turkey.

Turkey is hoping to dispel negative perceptions about Iraq as its neighbor and volatility of Turkish lira by structural adjustments, liberalization attempts and institutional changes and reorganization of the economic system.

Buying an apartment for £25,000 in Altinkum and £1m for a villa in the upmarket resorts of Kalkan, Kas, or Bodrum become a more attractive proposition. Spot Blue is now selling stylish, good quality, two-bedroom villas in the golfing destination of Belek, 20 miles from Antalya airport, for £85,000.

Labels: Antalya, Property-law

Dubai-based website 7Days reports that Turkey provides attractive investment options to foreigners looking to catch a promising market from the start as Turkey is on the threshold of becoming a mainstream international holiday destination.

Turkey represents strong investment potential with its pristine beaches and climate makes it a very popular and well tested tourist destination.


Inexpensive, long summers and hassle-free lifestyle make it a hot favorite holiday destination for Europeans.

The development in Bodrum's tourism has a deep impact in the property market. Investors are reporting good yields and inherent capital growth.

The Bodrum Peninsula region is a crucial one for Turkey in terms of property investment. It's established amenities and location near to an international airport means consistent high amount of tourists and one of the brightest property investment hot-spots. Property prices are very competitive and may increase rapidly with the introduction of more flights.

Experts feel that this is the ideal time to invest into the Turkish property market. Turkey is the third most attractive overseas property investment destination for Britons looking to buy abroad, according to a study carried out by 'A Place in the Sun' magazine.

Labels: Bodrum, Market-Trends

Experts believe that Turkey's property market has tremendous growth potential and the strength of investment climate in the country is good.

Rhiannon Williamson, director of ShelterOffshore.com said that Turkey's promising improvement as holiday destination has opened vistas to many foreigners choosing to invest in the country. Turkey has been highly sought after as a holiday destination makes property market in great demand and Turkey itself is at the threshold of a predicted property boom.

Ms Williamson further added that 25 million tourists are expected to flock around in turkey this year has added to the awesome interest in properties in Turkey.

She said that Turkish property offers mammoth potential for returns on investment and Turkish government promotes investment of foreigners. Changing policies from the government are clear indications that will greatly increase capital growth for today's property investments.

Turkey is the third most attractive overseas property investment destination for Britons looking to buy abroad, according to a study carried out by 'A Place in the Sun' magazine.

Labels: Turkish-property

Turkey's Forest and Agriculture ministry has issued new guidelines and regulations set out in a White Paper on planning laws to be in force till 2025 for confining the increase of construction work. The White Paper covers all the major tourist areas, from Aegean and Mediterranean coastlines which till recently were under local planning strategies and resulted in widespread disorganized buildings.

Robert Nixon, Director ,UK Operations for Nirvana International ,specialists in property in Turkey welcomed this initiative from the government and said that this not only main tourist centers on the coastline but also the other cities and nearby countryside. This innovation has ensured turkey would retain its original glory. He has said that this is a very important step on its way to becoming a prime destination for buyers from abroad.

Tourism industry will be monitored closely and buildings are restricted to enable coastal resorts to grow but without spoiling any of the natural beauty of turkey. This also takes care of agricultural establishments, archaeological sites, energy source regions and other natural, historical, cultural assets of turkey

Planners will also now need to carefully consider city development areas. Nixon said that turkey's pristine beauty could have been in danger by over development, but as these laws are implemented they see it as a complete bonus facilitating buyers to acquire property knowing they will not be wrecked by more developments of apartments with unsustainable density.

Labels: Property-law, Real-estate-news

Turkey as a place that offers an enjoyable holiday experience without overstretching people financially is further highlighted by British Midland Airways (BMI) as Passenger numbers on flights to Turkey are likely to go up this year, the carrier has announced.

The main challenge in the Turkish market is competition against other airlines, said Gail Holden, commercial development manager of BMI. She has said in a press conference that the Turkish market is a highly sophisticated one and already many carriers operate to and from Turkey like BMI. This is why they need to make sure that they are on top form in order to compete and to give better service in Turkey and they are expanding rapidly. BMI launched direct flights between Ankara and London without a stop over in Istanbul from October 2007.

Her comments are really encouraging for travelers and buyers as the competition between the airlines reflects the strong appeal of the country.

Research by the UN World Tourism Organization (UNWTO) showed that visitor numbers increased by 18 per cent last year which was higher than the increase recorded in most of the European countries during the same period. This increase should boost Turkish property market.

Labels: Travel

Istanbul is the most promising city in terms of real estate growth, according to the report conducted by 400 European real estate specialists. The results of the report regarding the Turkish real estate sector include that Istanbul ranks among the top cities and is the most promising city in terms of growth. Another result is that investments from Europe are flowing toward eastern and central Europe, and Turkey is among the countries watched by investors. Istanbul stood at No. 11 in the report's risk/yield ranking, climbing up eight places in 2007.

Urban transformation projects are expected to be the most active area of Istanbul's real estate sector this year, said the report.

Labels: Istanbul, Market-Trends