Turkey Property: Foreign Sales up 40% in 2010

Posted on 21 April 2011

Last year we reveled in the report that 32,000 Brits owned some 6 million square meters of Turkish property, as the dominant grouping of foreigners who then owned 65 million square meters of land. Well, if that was good then the report released last week by GYODER can only be called brilliant.

According to the report sales of Turkish property to foreign buyers increased by 40% last year, after a slight fall in 2009. The data shows that sales totaled 2.5 billion in 2010, almost as much as the 3 billion seen in the 2 years ending 2008.

Although there are regions of high supply, in general the Turkish property market does not suffer the same fate as many Mediterranean markets with more properties than buyers.

What’s more, with 8300 km of beautiful coastline featuring properties of all shapes and sizes, practically anyone can find a property in Turkey to fit their budget.  The Bodrum peninsula is increasingly popular, not least because of its good connections to the rest of Europe:  First Choice Airways, Thomas Cook and EasyJet all have regular flights to Bodrum, while Monarch will begin twice weekly flights from Manchester next month.

But it isn’t just accessibility that brings the buyers to Bodrum by the boat and plane load. Bodrum is an all round destination: an old fishing village steeped in history Bodrum has plenty to offer those seeking a trip filled with learning and culture. But it is also a lively town with plenty of shops and restaurants. Of course this is on top of its great climate and wonderous beaches.

Bodrum is just one of Turkey’s top destinations, please browse the blog and site to find out about the others.

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