Investment properties for sale in Turkey continue to prove attractive to foreigners wishing to stake a claim on the country’s real estate market with the number of homes and land plots purchased by non-Turkish residents doubling within the first half of 2013.

It amounted to a 720USD million investment in Turkey between January and March 2013 which makes the Turkish government’s hopes of attracting USD 3 billion of property investment by foreigners by the end of the year, perfectly feasible. In 2012 foreigners spent USD 2.6 million on property in Turkey – a third more than the previous year.

Nationally, house sale numbers (incl. purchases by Turkish nationals) are significantly buoying. Government figures released just this week state 568,836 properties have so far sold. That’s less than 20 per cent short of last year’s total figure!

Home hunters with an eye on the popular coastal resort regions of Bodrum, can also particularly take heart that a purchase here will be well placed. This area has become a playground for the rich and famous, new marina projects such as Palmarina increasing property values and incoming tourism, such news can only bode well for vendors and home values alike.

More foreign nationals buy property in Turkey

Official figures from the Ministry of Environment and Urban Planning show that this year 7,145 pieces of land and properties in Turkey were bought by foreign nationals, compared to 3,107 in the same period last year. And it’s not only in terms of the number of real estate and plots bought that the figures have increased; the buyers are now from more countries than ever before (88 compared to 55 last year).

The British are the second most prevalent nation in Turkish non-resident property buying circles, with 720 UK citizens having purchased homes there within January and June this year. They were surpassed only by the Russians (by far the largest group of non-resident house buyers) with 1,388 Russian citizens snapping up homes and land in Turkey within the same period. Next most prevalent is Germany which is also proving a major contender with 653 purchases last year.

New laws make buying property in Turkey easier

At Invest In Turkey we can’t help noticing that countries of citizens who, in the past were prevented from purchasing land and property in Turkey now seem to be making the most of the new law which eased up on the reciprocity principle (previously Turkey only allowed residents from countries which allowed Turkish citizens to settle in their own land to invest there).

With this in mind we have some fantastic projects which are particularly suited to our Arab clientele, with prayer rooms, indoor private swimming pools, indoor and outdoor facilities for all year round use, bespoke villas and much much more….

Find out more about the Turkish real estate market, properties currently for sale there, and information about the country in general at our website Invest In Turkey today.

You can view the latest housing statistics on the Turkish Statistical Institute website