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Sales of real estate in Turkey in 2013 increased on 78,7%

  • Property in TurkeyProperty in Turkey
Date: 14.11.2013

 

Turkish real estate sales in the first six months of 2013 increased by 78.7 % compared to the same period last year , according to the chairman of the Association of Real Estate Investing Partners Gyoder.
In 2012, the cost of housing in Turkey has increased by about 10%. This is a clear indication that the risk of a bubble in the property market Turkey is extremely low .
Noting that the country's construction sector grew by 5.9 % in the first quarter of 2013 and by 7.6 % in the second quarter , Işık Gökkaya said the association predicts growth in investment in the next period of time.
The share of housing loans in the amount of 86 billion lire in 2012 increased by 31 % in the first five months of 2013 and reached 97 billion lire .
Demand for real estate in Turkey by foreign investors has also increased .
While in 2012 the sale of real estate to foreigners amounted to 2.64 billion dollars in 2013, they are projected to reach $ 3 billion .

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