PROPERTY SALES IN TURKEY WILL INCREASE IN 2016 | Property in Turkey
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Property in Turkey

PROPERTY SALES IN TURKEY WILL INCREASE IN 2016

Posted by Property In Turkey on 26 January 2016
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After the evalution of the real estate sector of Turkey, it is reported that the propery sales haven’t eased down despite the indecisive dynamic in the field of economy and a certain progress has been maintained although there were some difficulties about the urban transformation, building renonavion and property need in 2015. However, the upcoming and expected changements will mobilize some important points of the sector with the new action plan made for 2016.

When looked through the sectoral numbers, the propery sales made in the first 10 months in 2016 have showed an increase that is about %12 when compared to the sales made in 2014. This is in fact shows the fact that the mobility in property sales hasn’t stopped despite the general elections. In addition to this, the economy hasn’t stopped in spite of the up-and-down economic atmopshere.

It is also highlighted that the consumers were on the downbeat for a long time and this situtation is clearly seen with the numbers that are in the consumer confidence index of the last 5 years. Surprisingly, the confidence index has increased up to the numbers same as in 2013 which means that the consumers have started to buy more property and the other similar things.

Plus, the invest made on the basis of square by foreign investors in 2015 is %28 more when compared to the same period of the last year. When focused on the comparison of the Gulf countries’ same periods, it is true that they have made %54 more investment in Turkey which shows the fact that Middle East’s interest in Turkey is consistenly increasing. When the investment that is equal to the total ration is reviewed on the basis of square, Saudi Arabia is the investment leader in Turkey among the foreign investors. This ranking is followed by England, Kuwait, Germany and Qatar.

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