Tuesday, April 27, 2010

Turkish property - some empirical evidence

turkish property is an attraction for the foreign buyer of property on account of value for money offered by real estate in Turkey. In a short time, foreign buyers have left their mark in turkish real estate market. Overseas Property Investors is sometimes difficult to classify these facts into account and I did some research, some show the turkish market, the buyers and investors in real estate turkish real estate real measure of the market.

Usare about 63,500 families in Turkey, which are bought by foreigners. Most of these objects are put in place along the coast and in big cities. The number one for foreigners to buy property in the city of Antalya on the Mediterranean coast, with 14,610 pieces of real estate by foreigners in possession. Istanbul, the largest city and an important commercial center, with 10.695000 seconds. The town of Aegean Mugla, 8251, Aydin, 5839, and Smyrna, with4572, complete the fields with the largest number of foreign investors in real estate and / or owners.

Almost half of these owners in Germany and Britain to come. The two countries have in the neighborhood of 15,000 foreign owners in Turkey.

Turkey was the purchase of a good place for foreign owners in recent years, and it seems that if this trend will continue for the next few years at least. Turkey has been underestimated traditional real estateThis has led to increased purchases from abroad. Property values have appreciated in the 21st century, often in double figures last year. Although this trend seems to have slowed down a bit ', must remain a considerable amount of evaluation values in the years to come.

Turkish property remains a good investment for a number of reasons. In recent years, the country has a series of laws that make it easier to gain approval for foreign buyersProperties in Turkey. foreign mortgages were also more readily available, and a global mortgage account, which should be approved by Parliament soon seems to help.

Turkey currently has a general housing shortage and over half the population is under 25 years. These two facts show that housing is coming in a strong demand for many years. The Government is committed to improving infrastructure throughout the country, and supportCitizens, promotion of tourism.

According to turkish property market has seen the application These prices are rising too fast for investors to believe that capital gains are just around the corner. However, presenting the latest advances that depress prices of the houses in Antalya, Turkey, and even wells. sale of goods has been virtually halted in 2006 because of high prices, Oguz said in a report by Anatolia news agency. we want foreign investors to buy properties in Antalya and its surroundings, the greatMessages, such as lower prices make it an ideal place to invest again. Finally, as more travelers looking to enjoy the position, Antalya property must remain a good investment.

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