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21.12.2015
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Turkish financial "Gulfstream"

Turkish financial "Gulfstream"

According to the leading U.S. financial media, attractiveness of investment in Turkish real estate is beyond doubt. Economic growth of Turkey is a particular interest, especially comparing to the European crisis on the background. In addition to the real, not "blown" rise in prices, there are other indicators. For example, according to the latest data, from January to October 2012, Turkey was visited by 3,470,000 European tourists, which is 3.1% more than during the same period last year. In 2011, in turn, the overall number of tourists has increased by almost 12%. This, of course, affects the development and prosperity of the country and increase of investment in urban and touristic infrastructure.

Antalya is leading in popularity resort among foreigners.  The IC Antalya Airport, the best airport in Europe of 2012, meets about 34.4% of all entrants. Next year, it is expected that Gazipasa Airport, located 25 km from Alanya will also accept guests of Mediterranean resorts. Worth to note, that Gazipasa is one of the most popular places to buy a property for vacation among Russians. Apart from a large number of objects on the beach at an affordable price, there are also financial reasons to purchase Turkish property now.

In September 2011 financial press the US, UK, France and Germany released publications where it is estimated that the year of 2012 will be a record for foreign investment in real estate in Turkey. With the crisis in Europe in 2008, Turkish real estate market is constantly growing. The new law to simplify the purchase of a property in Turkey for foreigners was successful. In summer of 2012 – the price growth rate significantly increased and Turkey was ranked third after Brazil and Austria.  

Some potential investors are waiting, watching the situation in the European market of real estate, while Turkey is becoming more and more distinct from a financial point of view. Competitors of Turkey in the tourism business – Egypt and Tunisia – are still unable to fully recover from the effects of the "Arab Spring". Turkey, despite the global geopolitical instability traditionally, tries to remain neutral. And success of real estate market and its opening to new potential investors prove that everything turns out well.

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