Turkish Real Estate News
Property Market Trends and Reviews

Foreign property investors to look for possible investment opportunities in Turkish city of Dalaman, it has been reported.

Foreign Property Buyer stated that the Dalaman region is opened up by low-cost airline easyJet, as it has begun operating direct flights to Dalaman from London Gatwick Airport. The improved accessibility is likely to lead to an influx of holidaymakers and investors which in turn will push up demand for rental accommodation in the area. A spokesperson for Foreign Property Buyer has commented that property prices and rental prices are likely to grow in the region and the frequent flights offered by easyJet may make it as an attractive location for buyers who want to purchase a holiday home overseas.

Dalaman, a stopover destination earlier is increasingly gaining reputation more than that now. The new airport, easy accessibility, cheaper prices and infrastructure improvements have continued to attract tourists making it as a favored destination. Dalaman is also worthy of closer assessment as it offers several attractive inducements for overseas property buyers, including a strong tourist trade that is driving rental demand.

Easyjet have increased the frequency of the flights to five times a week from May 2008 due to growing demand. 60,000 passengers are expected to visit Dalaman over the next year and this could potentially make the region more attractive to foreign property investors who want to enter the rental market.

Labels: Market-Trends, Property-prices, Rentals

Overseas property investors have been advised to consider looking at lucrative investment opportunities in emerging markets, experts have advised.

A recent study by Real Capital Analytics (RCA), a research and consulting firm revealed that in the first quarter of the year, the volume of real estate deals in the industrialized world fell 54 percent compared to the previous year. But in the same period, the real estate deals in emerging markets rose to 43 percent.

Les Calvert, director of property-abroad.com has commented that investing in offplan builds in emerging markets are beneficial. "The benefits are always there, you can make a lot of money," Mr. Calvert said.

Financial times have reported that Turkey has caught the eye of investors. The news provider highlighted the affordable property prices as one of the main attractions of Turkey, along with the good infrastructure and high-quality buildings. Morgan Stanley has reported that foreigners have invested nearly $3.5 billion into Turkish property last year which was up from $2.9 billion in 2006. The publication cited Kuwait Investment Authorities investment of $750 million in the Cevahir shopping mall in Istanbul as an example for the upward trend.

According to the Times, a residence along Turkey's south coast could be snapped up relatively cheaply for £35,000. The publication also added that property prices in Turkey are currently well below the EU average.

Recently the Turkish Statistics Institute revealed that, the country's gross domestic product was 6.6 per cent up during the first quarter of 2008 when compared to last year.

Labels: Market-Trends, Overseas-property

Investors are increasingly deciding that studio flats will offer the best available returns and they are in high demand in Turkey.

Turkish Daily News has reported that developers are even changing construction plans as the demand is related to the fact that studio flats are considered as popular letting opportunities. Another reasons suggested for rise in demand for studio flats are low deposits and resale can be done quite easily as a result of low selling prices.

Dorcas Pye, a property advisor at the Turkish Property Centre, has predicted a prosperous future for the buy-to-let market in Turkey while the country is long been a favourite choice for both holidays and real estate investment. Figures from the Turkish Land Registry General Directorate suggest that construction of studio flats has been increased. The Turkish daily news further added that nearly 80 per cent of new developments are made up of studio flats.

The Telegraph has reported that Turkey could be a good market to consider because it is highly popular among international holidaymakers and has high capital growth which means buy-to-let in Turkey is worth considering.

Labels: Market-Trends, Turkish-property

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.

Labels: Market-Trends, Property-prices

German investment bank Europhypo has highlighted Turkey as a possible option for investors who are seeking to collect good returns. The bank has said that the earning potential from Turkish real estate is at around 6 times the rate it would achieve in Spain in the same period.

The bank has started financing real estate in Turkey last year but has already amassed £376 million in earnings. Hartwig Glatzki of Eurohypo has said that they had a detailed study before entering the Turkish market. In only one year of operations in Turkey the volume of revenues obtained is comparable to a six year period in Spain.

The Turkish Daily News has reported that the bank anticipates strong returns on the market and it is predicting to accumulate £2 billion in the next five years. Mr Glatzki also stated that the south-east European country could potentially experience a property boom in the near future and property experts feel that Turkey could be a "very interesting market" to watch over for the next few years.

Recently ‘The Independent’ has reported that Turkey is becoming popular because its housing markets are growing at a considerable pace. The house prices went up by 20 per cent in 2007, while its property values are rather cheap when compared with the UK.

Labels: Market-Trends, Turkish-property

The newspaper Daily Mail reported that properties in Turkey are not only cheaper than those in neighboring Mediterranean nations but also it has a number of lifestyle attractions which appeal to overseas investors. The publication highlighted Turkey's physical attributes including its warm weather, attractive scenery and exotic culture. Besides, it revealed that its comparatively low cost of living is also proving attractive to property investors.

The cheap prices, good-quality infrastructure, amenities and climate are sure to drive the interest in property investment and make Turkey as property hotspot in the future. Turkish Press revealed government official figures that till March 2008, the tourism sector generated about £1.4 billion.

Property experts recommend Turkey as good option for investors as it is much less expensive than property in Spain . Recent report in the Guardian said Turkey is a good destination for Britons who want to travel somewhere as France and Spain has become expensive. The publication recommended Turkey as an ideal alternative as it has more favourable exchange rates.

The Telegraph stated that potential UK purchasers who have been priced out of the domestic housing market are looking for potential opportunities in Turkey as it is a cheaper alternative to UK, Spain and other European countries. This is because overseas property investors can enter the property market at a price which compares very favourably with those in Spain or UK.
In addition, the potential for capital growth and strong rental yields means property purchase in Turkey could prove to be highly lucrative.

Labels: Market-Trends, Overseas-property

The Independent, a British newspaper has reported that Investors who are looking to buy a property at an affordable price have been pointed towards Turkey. Experts consider Turkey as an emerging market and house prices are rising at a considerable rate, therefore creating strong capital growth potential.

The property market in UK is beginning to hold up; the outlook for the British market is getting gloomier by the day as property prices are dropping due to global sense of credit crunch. Property purchasers are increasingly looking overseas to collect returns from their investment.

Despite the fact that the House prices increased by 20 per cent in Turkey last year its property values are relatively cheap when compared with the UK. The increase in property prices due to huge demand for Turkish property and subsequent growth looks likely to continue over the next decade. Many analysts state that this could be the best time to buy properties in turkey due to a lack of risk associated with Turkish market, continuing affordability and the realistic potential for substantial capital appreciation.

Benedek, of Solaris Villas has said that Turkey can be compared to a Spanish property market few years ago and Turkey is a safer bet for overseas property investors. He also said that there is in any case another ten years of good returns can be obtained from the Turkish market.

Turkey offers the holidaymakers requirements of great scenery, climate, over 300 days of sunshine per annum, fine sand beaches, and fabulous countryside including its good-quality infrastructure and amenities. These factors combined with its relatively low cost of living and easy accessibility are said to make it ideal for overseas property purchasers.

Labels: Investment-property, Market-Trends

The ongoing global credit crunch could prove to be advantageous to owners of rental accommodation in Turkey. Official figures from post offices states that there has been 15 per cent increase in sales for Turkish currency among Brits. This is due to the reason that the pound has hit a record low against the euro and has fallen drastically in value over the last couple of months. Experts have said that People are likely to visit countries which are not part of the single European currency.

The fall in the value of the pound against the euro will mainly have an impact on holidaymakers. Travel weekly has reported that UK vacationers are preparing to make their annual trips abroad despite the fears about the people's finances being constrained by the slowdown in the worldwide economy. Countries along the Mediterranean coast like turkey are found to be most popular locations with more bookings. Turkey statistical institute has reported that 23.5 million tourists visited Turkey last year and is expected to increase to 27 million in 2008.The tourist trade was up a massive 43.9% in the last 3 months in 2007 when compared with the same period in 2006.

Murat Dedeman, the head of The Turkish Tourism Investors Association (TYD) also predicts the increase in the number of foreign tourists visiting Turkey in 2008, resulting in profits of up to $21 billion. Dedeman's optimism is supported by the Turkish Travel Agencies' Association (TURSAB), which expects a 15 percent rise in tourist numbers this year to 27 million.

The dynamic infrastructural and economic transformation process that the Turkey has been experiencing in the last decade has a powerful impact on Turkish tourism and strengthened Turkey's place in the world.

This comes after the predictions from Cushman & Wakefield, global property agents and they say that real estate in emerging markets like turkey will evade the current slowdown relatively unharmed and Goldman Sachs investment bank has said turkey is having promising outlooks for investment and future growth.

Labels: Market-Trends, Rentals

Denizbank launched new schemes in tie-up with realty world offices as it foresees Turkey as a good opportunity for investment and the second-hand property market in turkey is gaining momentum.

Denizbank grants housing loans with low interest every month on the 9th, 19th and 29th days while Realty World offices offer the opportunity to own a house at reasonable prices by making a reduction in the on the ninth, 19th and 29th days of every month while Realty World offices reduced their commission ratios in order to offer the opportunity to own a house at reasonable prices for the consumers resulting in increased consumer credits .Arif isfendiyaroglu, AM of Denizbank Retail Banking Group has said that The Turkish property market is growing and buyers are making their Turkish real estate dreams really pay off as potential high returns are in store. So denizbank took an initiative to tie-up with realty world and to have a strong stranglehold of housing finance in turkey and to strengthen their position in housing finance by offering an innovative approach to the real estate sector. Denizbank's 75% shareholder dexia, also has a significant influence in housing finance. This business collaboration of denizbank with influential brand names of international acclaim makes it unique.

Hilmi Iskoren, CEO of Realty World Turkey has said that the real estate sector is currently turkey's most prominent sector in terms of monetary benefits. Realty world believes that their advertising campaign for the Turkish customers to buy property will be a huge success.

Labels: Latest-news, Market-Trends

Survey from holidaylettings.co.uk has revealed that demand for rental property in Turkey falls within the elite list of top 7 on the property investment list that the company advertises in for demand for rental property. Turkish economy is positively moving forward and leads the way in emerging markets and well ahead of popular tourist destinations like Balearics, Canary Islands and South Africa.

Gordon Lyons of International Property Agents has said that more overseas investors to arrive much more conveniently in turkey due to the low cost flights and this of course makes buying property in Turkey more accessible but due to the low availability of the flights, the market is still under developing stage. The development of the property rental market in Turkey is moving in the right directions as Turkey’s tourism figures continue to soar. The rental market can provide a good return on investment for property investors in Turkey with the expected arrival of further low-cost flights to Turkey.

Gordon Lyons further said that Tourism growth in the nation is on the roll and Figures shows that 20 million tourists a year visiting the country. The Turkish property rental market is growing and investors are making their Turkish real estate dreams really pay off as investment with a view to holiday rentals is backed up by booming turkey's tourist market.

Labels: Economy, Market-Trends, Rentals

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

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

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