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Latest News

April 2014

As the Turkish property market continues a steady upward trend and the laws surrounding the acquisition of property continue to relax, foreign investment levels are higher than ever before, and Arab buyers are at the forefront of the property boom.

Despite hurdles such as protests and the effects of the economic crisis, which are still resonating worldwide, last year the Turkish economy grew by 4%, which was higher than anticipated. As the economy grows, so does the country's tourist industry, with bookings up over 5% on the same time last year. This upward trend  has led to a knock-on effect on hotel business, and the result is that many new hotels are in the works all over Turkey. So who are all these tourists? The short answer is Arabs, whose visitor numbers are increasing every year.

Last year, the number of tourists from Arab countries was almost 3.3 million, a huge 9% increase on 2012. Tourists from the Middle East are increasingly heading to Turkey for holiday sun. Their interest is not limited to beaches and sunshine - they're also snapping up properties at the rate of thousands every year in the country. In December 2013 Time Magazine voted Turkey  number six in the top ten hottest real estate markets in the world.

Latest News

March 2014

Prime Minister Recep Tayyip Erdogan and his AKP (Justice and development party) have won a fourth term in power with a clear election victory, providing compelling proof of the continued strong support for his government and policies. Over 92% of Turkey's population of 52 million turned out to vote. Despite an aggressive and openly conducted smear campaign against Erdogan and his inner circle, voters remained resolute in supporting the party.

The economical and political implications are largely considered to be positive. Turkish people have seen a visible improvement in their standard of living generally under since 2002 when Erdogan assumed power. The government have steered Turkey through economic reforms and strict monetary reforms and fiscal policy, curbing inflation to around 8% per annum and delivering impressive GDP growth in the five years to 2013 of up to 8.9% per annum. GDP is expected to be at least two and a half times that of the Eurozone in the next five years which along with continued stability will mean that we will see strong economic growth increasing demand for well located, quality real estate, both from Turkish buyers and the now much enlarged International market as a result of the recent removal of reciprocity restrictions in 2012. At that point the market was opened up to the nationals of a further 89 countries. The Turkish government is committed to increasing the number of foreign buyers of Turkish property and, as well as removing reciprocity restrictions, have increased the length of visa's for property buyers, and established a large number of visa free agreements since 2012 boosting tourism.

March 2014 - The Turkish government have banned 'Twitter' and 'Facebook' as a result of persistent suggestions of corruption within the administration.

March 2014 - Turkey continues to be the country seen as the best in Europe in terms of property price growth expectations according to several market analysts reports. 2013 saw increases of around 13% for residential property.

Property buyers - Continued stability and development will see strong economic growth, which will undoubtedly increase domestic and foreign demand for quality housing in all parts of Turkey, pushing up property prices and presenting investors with exceptional gains. Average annual GDP growth expected in Turkey is almost three times that expected in the eurozone within next five years, therefore it is inevitable that compared to Euro zone Turkish real estate will be a clear winner for lifestyle and investment. Seize the moment before the Turkish lira strengthens further and search here for properties for sale in Turkey.