WHAT TO EXPECT FOR TURKEY’S PROPERTY MARKET IN 2016 | Property in Turkey
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Property in Turkey

WHAT TO EXPECT FOR TURKEY’S PROPERTY MARKET IN 2016

Posted by Property In Turkey on 3 February 2016
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It is expected that the real estate sector will be more getting into motion in 2016. The sector that was in a little bit doldrums in 2015 will go on attack both in urban transformation and sales to domestic market and foreigners.

Having been in doldrums, the real estate sector has closed the previous year with sales record. The expectations for the upcoming year are a lot more bigger in fact. The demand that was postponed because of the two election process in the previous years is expected to get into motion and the sector aims to have sales over 1 million 250 thousand. The sector expecting to open to both individual and corporate investors with regards to the foreign and to experience more demands will impress with the fairs in 2016. This year the works of urban transformation is gathering pace as well.

The real estate sector of Turkey is expected to grow more and more in 2016 and the interest of the foreign investors will increase. With the accelaration of the urban transformation and the creation of the new centers of population, the sector will grow approximately %5 – %6. This means that more and more people are expected to buy property and invest in Turkey area.

The long-term domestic dynamics of the real estate sector will keep the sector alive in fact. It is expected that in addion to these dynamics the foreign-based interest will continue by increasing. Turkey is entering a period in which the most important project of the country will be completed one by one. The completion of Yavuz Sultan Selim Bridge, the connection roads, Avrasia Tunel and Izmit Bay Bridge and afterwards the improvements to be carried out in the field of the Third Bridge will be the most important developments in the field of construction sector.

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