THE REAL ESTATE SECTOR OF TURKEY BREAKS SALES RECORD IN 2015 | Property in Turkey
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Property in Turkey

THE REAL ESTATE SECTOR OF TURKEY BREAKS SALES RECORD IN 2015

Posted by Property In Turkey on 29 January 2016
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The real estate sector of Turkey has closed the previous season that was affected by the elections with a sales record. Because of the two election periods, the demands have been postponed to the end of the year which means that the season has been closed with 1 million 200 thousand property sales. It was 1 million 164 thousand sales in 2014. It is seen that the sales target will be extended that is approximately 1 million 500 thousand sales in 2016.

It is also reported that Turkey’s domestic market has already had a dynamic structure and it is not difficult to reach the goal so 600 thousand properties need to be developed every year in fact. The economy will continue remaining on the agenda of the country and there will be more developments in the field of real estate. 2016 is expected to be better than the previous years which means that the professionals of the sector expect 3 -5% growth and it can rise up to 10% if the urban transformation in the country is more focused on.

Long-term domestic dynamic will always keep the sector alive during the year. In addition to these, it is expected that the foreign-based interest will continue by rising since the interest of foreigners has hit the top in 2015. This is a fresh new season with many new projects like Izmit Bay Bridge, Yavuz Sultan Selim Bridge and many more developments in the country.

There will be more and more new developments as well which will make people buy more property in Turkey. The new economy management, the urban transformation and many more main features will be checked in order to maintain the good conditions for the real estate sector of Turkey.

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