Turkey’s largest city of Istanbul is currently drawing a lot of foreign property buyers and investors, according to the latest figures from the Turkish Statistical Institute (Turkstat).
Istanbul, which is among the world’s most popular holiday destinations, saw an annual surge of 56.7 per cent in overseas purchasers in May, the figures show.
The Turkish property market overall is also very hot for foreign buyers as investments from abroad grew 23.1 per cent year-on-year in May and the level of sales hit a record level.
Big driver for the Turkish property market currently are investments from Bahrain, which pave the way for attracting buyers from other countries as well.
Leading property agency in Istanbul, Universal21, has certainly noticed this growing trend. Adil Yaman, director of Universal21, comments:
“The city is certainly seeing a Bahraini boost to its coffers as more and more investors recognise the open possibilities associated with buying property in Istanbul. With a rapidly expanding population and hugely increasing tourist market providing endless opportunities, now is certainly the time to purchase as part of the expanding property market and buyers from Bahrain are definitely seeing this, as has been shown in the growing numbers showing interest in our projects.”
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