Turkish property sales were at record levels during 2014 consolidating 2 years of growth and propelling the market
towards further expansion in 2015.
In recent years there has been a trend that is growing investment in Turkey's real estate market, with foreign purchasers
increasing by 50% in the first quarter of 2014 alone, compared because of the period that is same 2013.
As a top tourist destination, Turkey's hospitality sector keeps going to flourish with visitor figures swelling
year-on-year, attracting investing from well-off foreigners in resort areas.
As seen in other global property markets, growth is being influenced by buyers at the high-end seeking luxurious villas and
apartments in exclusive areas. Whilst transaction volumes in Turkey declined in 2014, property product sales figures increased,
showing investor preference for big admission assets in the nation's prime property market.
As a result of increased buying activity in Turkey, prices increased nationwide by around 7% in 2014 and as
restrictions on foreign buyers are eased; further cost inflation is expected this 12 months.
The demographic of investor has changed from those seeking home that is second holiday home purchases in apartment blocks to
a desire for lavish designer homes with waterfront access in private and areas that are exclusive.
2014 additionally saw increasing investor appetite for buy-to-let properties in Istanbul's up and coming suburbs, capitalising
on the city's growing domestic rental market. Construction of new homes located within a commute of the populous city centre is
envisioned to be stepped-up considerably to react to demand that is heightened high quality leasing property.
Regional coastal areas such as Altinkum,Didim,Akbuk,Kusadasi, Bodrum, Kalkan, Fethiye and Antalya are set to continue their dominance in Turkish genuine The Aegean Area is very important and there are most coastal properties ideal for second,holiday or permanent Homes
property sales, especially with British buyers who generally prefer to purchase in more popular resort locations.
With budget flights through the British to Turkey mounting in 2015, the property market probably will experience further
uplift as the country's tourism sector continues its expansion. 2015 will discover property prices boosted as investors
clamber to increase returns before cost inflation alters the basics and decreases margin possibilities.
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