TURKEY A GOOD TARGET FOR INVESTORS AS PROPERTY PRICES RISE
Property in Turkey has climbed indicating the country’s real estate market is performing well, according to the REIDIN.com property price index.
Property prices in Turkey have risen by 0.78 percent in February compared to January this year showing real estate in the country is a good opportunity for property investors.
The REIDIN.com-GYODER new home price index revealed the value of Turkish property has risen by 0.6 percent month-on-month in February. Since February 2011, the cost of buying a new build Turkish property has increased by an impressive 10.42 percent.
Knight Frank has also produced positive reports on property in Turkey revealing the housing market is performing very well. The company’s report showed the value of real estate in Turkey has risen by 7.7 percent between the final quarter of 2011 and the same period in 2010.
Property investors have taken on board the news and have turned their attention to Turkey after property experts believe the housing market will continue to grow in 2012.
Turkey has enjoyed impressive rates of economic growth during the last two years. It was recently confirmed the country’s GDP rose by 8.5 percent last year and 9 percent in 2010.
Turkey’s property industry is still booming in 2012, especially when buying a property in Turkey is fairly straightforward. Progress with Turkey’s reciprocity agreement and property law has made it even easier for foreigners to buy.