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Quarterly Data Shows Searches for Turkish property soar

Tuesday, July 14, 2009

Searches for Turkey property saw a month-on-month rise and were up 30% in the three month period ending June 22, according to specialists in Turkish property, Spot Blue.

According to Julian Walker, director of the firm reported that 2009 had gotten off to a bright start, and their latest figures suggest that this is continuing. "The monthly statistics showed that the number of overseas buyers in Turkey was climbing. Three monthly figures are generally regarded as being more accurate, and so we have compiled our latest data on that basis. A 30% climb shows that people are once again starting to look seriously at buying property in Turkey," he said.

The number of people searching for houses for sale in Turkey grew by 162% over the same period, and for 'villas for sale in Turkey' grew by an astonishing 588%. Indians are the biggest contributors with 92% more Indian's visiting the site during the three months. Surprisingly Ireland was the second biggest climber with 49% and the UK grew 22% in terms of people looking for Turkey property during the same period.

"I am not saying that sales are hitting the levels they did at the peak of the last boom, but we have been operating for many years, and sales are returning to the kind of levels that exist when we are neither in a boom or decline," Mr. Walker said..

"It will be interesting to see how much this growth will accelerate through the spring as we enter into the summer months," he concluded.

According to property website Primelocation.com, British interest in overseas property shows no sign of diminishing. They have reported that searches for foreign property have passed the million mark - up more than 13 per cent on the same period last year and
Turkey has seen a huge surge in popularity, with search figures are up by 31 per cent.

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posted by EstatesNewz, 9:51 PM

1 Comments:

Whilst the number of people searching for Turkey has increased we have noticed that a majority are coming through with a budget of under £50,000.

I have checked Google trends on Villas for sale in turkey and whilst there has been an increase it is still under 600 per month.

We predict the prices will still stay low for the next two years due to the budgets that are currently being spent so in all it is good news all round for the buyer. Not so much for the seller though!

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