Property in Turkey Top on Property Investment List

Leading property investment consultants Hollingworth and Associates have just spent the last eighteen months collating what is arguably the most comprehensive survey of property investors that has ever been gathered.

Among the many fascinating findings of their survey, it seems that property in Turkey is top on the property investment list falling just behind Croatia and head and shoulders above once more popular locations such as Bulgaria or Dubai for example.

The survey by Hollingworth and Associates has gone into great depths to reveal a typical property investor’s profile, their preferred methodologies, the most successful approaches chosen, the main due diligence criteria applied and ultimately the locations that investors feel will return them the best profits - and Turkey is ticking all of their boxes!

The findings of their survey are backed up by the latest Global Property Hotspots Report by currency specialists HiFX which has Turkey again topping the list of locations in which both British and German real estate buyers are investing.

So far some 12,000 pieces of property in Turkey have been purchased by British buyers according to Turkish government statistics, with German buyers more aggressively dominating the market in terms of foreign ownership. 

Despite the recent domestic political wrangling, confidence remains especially strong in the Istanbul and Turkish Riviera real estate markets among all foreign investors.

One of the most significant factors driving this property investor confidence is the commitment made by the current Turkish government to promote, extend, support and develop tourism in Turkey. 

So far the government has kept its promises - there has been strong global advertising of the Turkish brand of tourism and significant private and public funds have been poured into the improvement of roads and airports and the development of essential and desirable amenities and facilities such as golf courses and hotels for example.

And it’s not just the Turkish real estate economy that’s benefiting from a strong government and strong levels of foreign direct investment commitment.  Other important areas of the Turkish economy such as telecoms, the steel industry, manufacturing and banking are all receiving significant FDI which helps to underpin the stability of the nation and which in turn has led to greater property investor confidence in Turkey.

This strength of broad foreign investor confidence together with the positive land reforms that were implemented in 2006, the fact that there are fantastic interest rates available to people wanting to buy property in Turkey, the fact that the government is investing in important infrastructure improvements and the fact that the Turkish economy is positively moving forward means that there is a positive long term future for Turkey and it is this that is securing more and more property investment commitment.

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