Real Estate in Turkey - Reha Medin Global

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Real Estate in Istanbul Turkey - Reha Medin Global

The Turkish Real Estate Market is Moving More Than Ever After the Elections

The Turkish Real Estate Market is Moving More Than Ever After the Elections

The Turkish real estate market has gained noticeable momentum after the re-elections on the 1st of November. Foreign investors are no longer on hold and are now in search of new Investment opportunities in Turkey.
The outcome of the election is stability in economy and politics of the country; therefore hesitating foreign investors have turned their head back to Turkey, especially for their real estate investments. Other than the rise in stocks, US Dollar has seen the lowest rate over the last three months. Consumer trust index has risen from 62.78 to 77.15, which made foreign investors increase their investments activities even more. Housing sales to foreigners has doubled in November. Experts are expecting record levels for real estate sales in 2016.  President of KONUTDER(Housing Developers and Investors Association), Ömer Faruk Çelik’s Opinion on the current situation was that  the foreigners’ attention towards real estate in Turkey will increase more than ever and the sales of next year can be twice as much as in 2015. 

 


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