Gulf investors drive foreign demand 3 years after Turkey’s law change

New figures reveal the extent of which Turkey’s property market was boosted by the country’s relaxing of ownership laws, with an uplift in buyers from the Gulf States especially notable. Turkish property investments by foreigners are expected to be worth $5.5billion for 2015, after figures confirmed a value of $5billion for the first 11 months […]

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Turkey’s investor appeal remains strong as sales to non-Turks jump in 2015

Residential property sales to foreigners rose by 20.4 per cent in Turkey during 2015 compared to 2014, according to the Turkish Statistics Institute (TurkStat), whose data also showed that overall residential sales, including those to Turks, rose by 10.6 per cent year-on-year. In total, Turkey recorded 1,289,320 residential property sales in 2015, including 22,830 to […]

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Summer house-hunting - Brits enjoy favourable buying conditions in Eurozone and Turkey

A favourable exchange rate, signs of recovering foreign property markets and improving mortgage availability have combined to drive confidence in purchasing European real estate in 2015, said Spot Blue International Property in July. The stronger Pound means that for UK buyers the price of property in the Eurozone has fallen by around 10 per cent […]

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Strong tourism and FDI signal promising 2015 for Turkey

The first half of 2015 has fuelled international confidence in Turkey with its popularity growing on two fronts, namely as a tourist destination and a centre for foreign investment, according to reports out in May. The Association of Turkish Travel Agencies (TÜRSAB) said last month it expects an influx of at least 42 million foreign […]

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Turkey on course to becoming a key player in golf resort development

Turkey now offers some of the best opportunities in Europe to invest in golf property, boosted by the launch this year of an initiative to grow its share of the golf tourism market, said Spot Blue International Property in April. Integrated golf resort developments in Turkey have the second strongest mid to long-term growth potential […]

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Foreigners and finance availability driving Turkey’s market in 2015

The Turkish property market is gaining momentum in 2015, according to recent statistics that show sales in February were up a hefty 15 per cent compared to the same month in 2014, with mortgage availability driving much of this growth. Figures released by the Turkish Statistical Institute (TurkStat) reveal that the number of Turkish properties […]

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Wake up and smell the pines – inland homes add a serene option to Turkey’s property offering

Mountainside villages within a short drive of the beach are emerging as popular spots for second homes in Turkey, said Spot Blue International Property in March, adding that many older foreign buyers prefer to be based away from the busier coastal resorts. “Turkey has built a name for itself as a quality beach resort destination,” […]

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Turkey records rising number of foreign purchases and prepares for international property expo

Turkey’s popularity with overseas investors and visitors is as strong as ever, according to new figures that show year-on-year rises in the total number of tourists and property purchases by non-residents there in 2014. Foreign property purchases increased by a staggering 55.6 per cent in last year compared to 2013, namely from 12,181 to 18,959 […]

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Turkey’s air traffic reaches new heights in 2014

2014 has seen Turkey’s popularity as a holiday destination boost, after figures from Turkey’s State Airports Management General Directorate (DHMI) showed that the number of passengers that passed through Turkey's airports in August increased 11 percent year-on-year to reach a total of 19 million. For the first eight months of 2014, the number of passengers […]

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Turkey ups its game as a world-class golfing destination in 2014

Turkey’s campaign to become a global golf destination has gained momentum during 2014, with the golfing resort of Belek hosting a series of international tournaments and Turkey being ranked the fifth most important destination for golf tourism by the IAGTO, said Turkey property specialist Spot Blue International Property in August. Turkey’s rising prominence on the […]

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