Until recently, nobody considered Turkey as the serious competitor on the world tourism market and real estate. But in recent years this country has demonstrated unprecedented growth, and convinced even the most skeptical analysts in insistence to take worthy place in the world property market. Researches show that each year Turkey attracts more tourists, it outrun such popular tourist destination as Cyprus, Greece and now competes with Spain. The price of the property in Turkey literally soared in recent years, and the growing flow of tourists gives a huge stream of potential clients and customers for Turkish real estate. Global investors and astute buyers literally rushed to buy real estate in Antalya, Kemer, Bodrum and other resorts in Turkey. And news about the construction of new airport and indoor ski resort influenced the prices of apartments in Istanbul.
Exploring the real estate market in Turkey and factors affecting its attractiveness and property prices in Kemer, Antalya, Izmir, Bodrum and other resorts, analysts identify the following:
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The tourists rested in Turkey once, always come here again. But they try to stay not at the hotel, they rent villa or apartment for example, in Antalya, not to overpay extra funds for hotel. Therefore, property in Turkey is increasingly bought with the view to its subsequent lease.
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The majority of new complexes in the resorts of Turkey is constructed specifically for European customers and has already dealt with interior design and the necessary instruments.
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The imminent entry of Turkey into the European Union will improve the investment climate, attract many investors and increase the inflow of tourists. And increase in property prices in Turkey will follow surely.
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Affordable mortgages constantly stimulate sales of the most popular real estate in Turkey: villas, cottages and apartments in the complexes.
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Cost of living in Turkey is significantly lower than in many European countries, but the quality and availability of products are quite high. All goods and services are relatively cheap and affordable.
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These basic factors affect real estate in Turkey. Analysts have already expected growth in property prices in Turkey and increased demand for resort real estate in Antalya, Kemer, Izmir and other resorts in the country this year.
