Turkish Real Estate to Benefit from Rising Tourism Demand in 2019, Experts Say

March 11, 2019 – – Turkey presents one of the most exciting overseas real estate markets in 2019 both for lifestyle opportunities, second homes and property investment, says real estate experts in the region. In recent months Turkey has seen rising demand from holidaymakers, which is good news for people who have invested or are currently looking to invest in property in the country.

Over the past two years, it has been claimed that the Turkish property market has seen massive growth with sales increasing by over 20 per cent since 2008. Recent data released from the Turkish General Directorate of Land Registry, identifies that 32,000 Britons now own property in the country, and this is to grow further with real estate prices considerably lower than other major tourist areas in Europe such as Cyprus, Spain and France.

The country’s young population, geographical location and competent government are key factors that are likely to make it a popular destination for real estate buyers.

According to Turkish properties experts Akarona, the rise in real estate owners has been further bolstered by the country’s tourism trade, which is reported to have millions of people visit during the second half of 2018.

CEO Bayram Altinzade comments, “The Turkish property market is going from strength to strength and has been recently thriving at the expense of Greece, Cyprus, Spain and France, with individuals able to enjoy a similar standard of living at a reduced cost.”

So breath taking are the sea and views in Turkey real estate options, a selection of apartments have been featured in the Sunday Times highlighting the relatively cheap prices that from £63,000, the low cost of living and accessibility from the UK.

These claims are strongly backed by Property Guide’s mid-2018 report which named Turkey as one of the best places for investors to buy real estate in Europe during the first half of 2019.

According to the nation’s Culture and Tourism Office, not only is Istanbul proving to be a city break and subsequently a real estate hotspot, but people are buying apartments in well-known areas like Beylikduzu, Esenyurt and Zeytinburnu real estate developments to sample the natural delights.

Since EU negotiations began with Turkey in 2005, it’s been a lot easier for foreigners to buy real estate in Turkey, and demand has been going from strength to strength ever since.

This popularity has led to several airlines increasing the number of flights to Turkey they offer, which could also benefit people with real estate listings.

With a steady and growing economy, no restrictions on foreign ownership and finance now available all signs point to prosperity in Turkey. For more information, please visit https://akarona.com/.

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For more information about Akarona, contact the company here:

Akarona
Bayram Altinzade
info@akarona.com
Istanbul, Turkey

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