According to the Turkish real estate report published last week, it is most profitable to invest these days in apartments by the sea and land plots. These and other forecasts and top news of the week on Turk.Estate.
- The cost of land in Turkey is growing dynamically, market experts predict that it will grow for at least the entire 2021 year. In 2020, on average in the country, prices for land plots for construction increased by 21 percent and for farming plots - by 25 percent. Which cities and provinces are the most profitable to buy land in Turkey?
- The coronavirus pandemic first lowered and is now steadily increasing property sales in Turkey made by foreigners.
- Investors from different countries are increasingly buying apartments in Turkey in order to obtain Turkish citizenship for the whole family. In the third quarter of 2020, 36 percent of foreign investment in housing was made within the golden passports program."
Home and apartment sales in Turkey rose a record 49 percent in the first three quarters of 2020 while secondary home sales soared 64 percent.