What is the status of the Turkish real estate market in the international arena?
Recently, in European real estate market the phrase “emergency markets” is very often used. It means the market that requires decisive actions. And first on the list of such countries is Turkey. According to the information given by Cadastral Office 73 thousand foreign citizens from 70 countries own the property in Turkey with the total area of 38, 623,661 m2 at amount of 10.4 billion foreign investments. One of the main explanations for such openness of Turkish real estate market is that the prices significantly lower than in the European market for the objects of the same value. At the head of the list of property buyers in Turkey are Germans, Austrians, Danes, Dutch, Russians, Englishmen. Recently, the number of Russians wishing to buy property in Turkey increases.
