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Since the downturn struck I could count the number of times the Guardian has covered Turkish property, in the mainstream sections anyway, but we have a cracker in today’s. After winning for the last 2 years on the trot, Istanbul has once again be named the property investment hotspot of Europe by PricewaterhouseCoopers, in its [...]
The Turkish government has just finished drafting a new bill to further open up the property market to foreign buyers, as well as making purchases easier for foreigners. The most important thing in the bill is that it is set to end the reciprocity requirement on foreign purchases, thereby allowing nationals from any country in [...]
Twenty Eleven was a great year for Turkey and a great year for Turkish property. The Turkish economy was among the fastest growing in the world (it was the fastest in 1H, but we have no data for 2H) according to official data. According to the Turkish association of real estate partners (GYODER) house prices [...]
The Turkish government is expected to remove the reciprocity restrictions on its property market in 2012. The draft law is to be polished off by the Environment and Urbanisation ministry before being submitted to the national parliament later this month. The aim of the law would be to open up the Turkish property market to [...]
The latest data from the Turkish Land Registry Director shows that some 123,,000 foreigners own 113,687 immovable properties in Turkey. The data shows that resort properties are still the most popular with foreigners, and they prefer established cities like Antalya, Mugla and Aydin ,as well as Istanbul and Bursa. The properties span some 86.1 million [...]
With the recent news of a 7% rise in Turkish property prices in the last year, courtesy of the Turkish Real Estate Investment Association GYODER, it seemed like a good time to present the latest data on our most popular properties. Altinkum — famed for its low cost properties — is losing its grip of [...]
Turkish house prices continue to grow at a steady pace according to the latest data from Gyoder in partnership with Reidin. Over the first few months of this year, month in month out the index showed year on year growth averaging around 6% and monthly growth hovering around 1% or less. In July the growth [...]
26 October 2011, Istanbul – According to Turkey’s GOYDER (the Association of Real Estate Investment Companies) there was a record breaking 1.8 million people employed in the construction business during the period 1 April to 30 June 2011, an increase of over thirteen percent. In the same period property sales reached over 107,000 with a [...]
The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction with Reidin.com, Turkish property prices [...]
Many reports have indicated strong growth in sales of Turkish property to foreigners, not least a report by the Association of Real Estate Investing Partners GYODER, which recorded a 40% growth last year compared to the year before. Never the less, the government seems increasingly committed to making sure the growth continues. The latest move [...]
