Wednesday, 14 January 2015

Turkish Property Desires Further Advancement In 2015

Turkish real estate sales had been at record levels during 2014 consolidating 2 times of growth and propelling the market
towards further expansion in 2015.

In recent years there has been a growing trend for investment in Turkey's market, with foreign purchasers
increasing by 50% in the first quarter of 2014 alone, compared utilizing the same period in 2013.

As a top tourist destination, Turkey's hospitality sector persists to flourish with tourist numbers swelling
year-on-year, attracting finance from wealthy foreigners in resort locations.

As seen in other global property markets, growth is being driven by purchasers at the high-end seeking luxurious villas and
apartments in exclusive areas. While transaction volumes in Turkey declined in 2014, property product sales figures increased,
showing investor preference for big solution assets in the country's prime property market.

As a total result of increased buying activity in Turkey, prices increased nationwide by around 7% in 2014 and as
restrictions on foreign buyers are eased; further price inflation is expected this 12 months.
Part of the IPC Group See Here For Great Turkish Properties

The demographic of investor changed from those seeking 2nd house or vacation home purchases in apartment blocks to
a desire for luxury designer homes with waterfront access in private and areas that are exclusive.

2014 also saw investor that is increasing for buy-to-let properties in Istanbul's up and coming suburbs, capitalising
on the town's growing domestic rental market. Construction of new homes located within a commute of the populous town centre is
forecast to be stepped-up quite a bit to respond to heightened need for good quality leasing property.
Part of the IPC Group See Here For Top Turkish Properties

Regional areas that are coastal as Altinkum,Didim,Akbuk,Kusadasi, Bodrum, Kalkan, Fethiye and Antalya are set to proceed their dominance in Turkish genuine The Aegean Area is very important and there are many coastal properties ideal for second,vacation or permanent Homes
property sales, specially with British buyers who generally choose to purchase much more popular resort locations.

With budget flights from the UK to Turkey growing in 2015, the property market will probably experience further
uplift as the country's tourism sector continues its expansion. 2015 will see property prices boosted as investors
clamber to maximise returns before cost inflation alters the fundamentals and reduces margin potential.
Part of the IPC Group See Here For Best Turkish Properties

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