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Welcome to TheMoveChannel.com Turkey News Homepage, where you can keep up with all the latest Turkish property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!Istanbul surge as buyers eat up Turkey after Christmas
Photo credit: Erman Akdogan
Istanbul property prices are surging as buyers remain hungry for Turkey after Christmas.
Values of prime houses in the Turkish capital are rising, according to figures released by Castle Research. "Strong demand for apartments" has driven up prices, says the Turkey Real Estate Investment Outlook 2012 report, with developments proving increasingly popular over the past nine years: in 2003, off plan properties were selling for US $1,500 per square metre; now, those figures have skyrocketed, with real estate fetching $10,000 per square metre.
"No matter how you analyse it, those price increases represent significant market strength," Castle told OPP, adding that the data only represents that top end of the market.
Latest Turkey News
Turkey's move to make it easier for foreign nationals to purchase land and real estate will “open up the market” according to a leading agency.
The prices of new properties in Turkey have been increasing steadily over the last 12 months and experts expect them to continue doing so in 2012.
The property market in Istanbul is in a position to "compete in every sense" with the likes of London and Paris, it has been claimed.
The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.
Recent findings have shown that around 1 in 6 Turkish properties sold to foreign buyers were bought by Brits in the last two months.
The value of residential real estate assets in Turkey has risen, new research shows.
A total of 123,000 foreigners own 113,687 immovable properties in Turkey, the Anatolia news agency reported on Wednesday.
Amongst a list of 10 destinations compiled by Frommers, Turkey was announced as the reader's top destination to visit in 2012, despite being up against strong contenders such as Paris, Italy and Hawaii.
Overseas property investment consultancy Colordarcy is experiencing a “dramatic” surge in sales for Istanbul as the company more than doubles its turnover there.
Only 9 percent of houses in Van were insured against earthquake, officials say. Particularly the old houses not only in the earthquake-hit province, but the whole country are theathening lives of millions, experts warn.
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