Strong Growth Predicted for Turkey's Foreign Housing Market in 2016

Moscow, Russian Federation, February 2, 2016 (Newswire.com) - Turkish lira depreciation against the American dollar and British pound attracts foreign interest in real estate and experts predict more property will be sold in 2016. Even though the average house prices have doubled since 2013, Turkey remains a popular investment destination for foreign buyers from Saudi Arabia, the UK, Kuwait and Germany.

​Key points:

•        4,251 British buyers bought property in Turkey by Q3 2015 y-o-y
•        Saudi Arabians bought the most property by surface area
•        5–6% growth for the foreign housing market
•        18,9% increase in average house prices between Q3 2014 and Q3 2015
•        Istanbul, western coastal regions saw strongest price growth (over 20%)

Real estate developers are positive that investments will continue to rise as the sector adapts to foreign expectations in terms of construction standards and design. However, market players expect Arabian capital to compensate for plummeting Western investments as turmoil in the Middle East continues to grow.

To read the full article, just follow this link: 

https://tranio.com/turkey/news/strong_growth_predicted_for_turkeys_foreign_housing_market_in_2016_5006/

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