1.5 MILLION PROPERTY SALES ARE AIMED IN TURKEY IN 2016 | Property in Turkey
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Property in Turkey

1.5 MILLION PROPERTY SALES ARE AIMED IN TURKEY IN 2016

Posted by Property In Turkey on 3 March 2016
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With the sales record made in the field of real estate in Turkey in 2015, more and more people have started to be interested in buying property and investing in Turkey.

Having reviewed the real estate data of the previous years, it is said that the recent sucess in the economy has reflected on the property sales made recently in a positive way in fact. Although 2015 was an election year, the property sales have reached up to 1.3 million which creates a mutual hope that 2016 will be a year in which there will be urban transformation projects intensely.

The construction projects with the right prices will rise as well, the experts say. It is also believed that this year will be an another year with the sales record in the real estate market. Professionals of the market suppose that the sector will reach up to 1.4 million in the property sales if people continue buying property in Turkey in the same speed.

When reviewed the property sales made to the foreigners, a rise that is %20 is seen in general. From this, we can estimate that the local market can catch the level of 10 or even 20 billion dollars in the property sales in appromixately 2 – 3 years and the rise speed in this situation will continue in 2016.

In addition to this, the rise in dolar has becoma a great factor that affects the performance of the real estate sector of Turkey. The uncertain situtation before and during the election period has changed posivitely right after the elections and the investors have benefited from this changements in the country which can be clearly seen from the record sales. It is also thanks to the foreigners who buy property in Turkey that the properties in Turkey have rised in value.

It seems that thanks to the strong infrastructure of the sector, growing economy and the investments made by both foreign and domestic people will help 2016 realise the aimed sale numbers.

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