Turkey Luxury Homes and villas

Property prices have shown steady increases during 2014, with Turkey recording the highest house price growth of all G20 member countries between between Q2 2013 and Q2 2014, up by 14%, according to Knight Frank. 

House sales to foreigners in the first 10 months of 2014 increased 66% year on year to reach 15,417, according to the Turkish Statistical Agency (TurkStat). 

The province with the most foreign buyers between January and October 2014 was Antalya, home to the city of Antalya, as well as the resorts of Kalkan, Belek, Side and Alanya. Istanbul had the second highest number of non-Turkish buyers. 

The increase and appetite for foreign investors in real estate has been motivated by the potential of Turkey’s EU membership. This has accelerated holiday home owners and investors around the world to purchase properties in Turkey. 

More important is also the legislative amendments that have been done to several laws including the property title registry law, the mortgage law, residency and the redrafting of tax laws which all directly affect how overseas investors can buy and develop properties in Turkey.

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