Turkey boasts a unique historical heritage and superb opportunities for recreation. This makes this country attractive to investors looking for Homes for Sale. The real estate market in Turkey is booming. This is due to foreign buyers keeping on snatching up apartments, houses and villas at an increasing pace.
Turkey House Prices grew 30.3 % YoY in Dec 2020, following an increase of 30.0 % YoY in the previous month. Turkey House Prices YoY Growth data is updated monthly, available from Jan 2011 to Dec 2020. This has produced an average growth rate of 10.8 %. The data reached an all-time high of 30.3 % in Dec 2020 and a record low of 1.5 % in May 2019. (Source)
Despite a decrease in terms of units sold during the pandemic, Turkey’s real estate sales to foreigners are expected to hit $7 billion. This is due to an upward trend in buyer profiles.
Buying a Vacation or Investment Home in Turkey
Foreign residential sales in Turkey significantly increased following the reciprocity law launched in 2013. So, contributing to the country’s real estate sector. This sector came to the fore as one of the leading markets along the Mediterranean coastline. These laws and regulations have made the country more competitive and also put it in a good position in global research.
Foreign sales-born income has surpassed $6 billion in Turkey since the implementation of the reciprocity law. Hence, breathing new life into the sector. The sale of residential properties to foreigners reached 45,483 units last year alone. Therefore, the demand is increasingly diversifying each year.
At Fama Property we are determined to provide our customers with the best possible options. Those looking for Homes for sale are in good hand with us and our affiliate partners. Don’t hesitate to let us know if you have any specific requirements when it comes to Property in Turkey!
The Fama Property Finder Advantage
The Fama Property Advantage
Fama property Finder is one of the simplest online websites or platforms that will allow you to search for any property in Turkey. It will also allow you to chose very specifically the property features. Fama Property also allows you to access our vast services that we can offer you a a buyer or seller of property. Please go to the services part of this webpage.