Investment
April 22, 2022
8 min read

Turkey Property Market Growth

Author
Cloyd Ledner

Turkey is a country that has seen a lot of growth over the last few years. According to recent data from the Turkish Statistical Institute (TurkStat), in the first quarter of 2019, housing sales in Turkey increased by 1.6% annually and reached 677,103 units. This means that more people are able to afford their own place to live and rent out rooms for extra income if they choose to do so.

According to the Turkish Statistical Institute (TurkStat), in the first quarter of 2019, housing sales in Turkey increased by 1.6% annually and reached 677,103 units.

According to the Turkish Statistical Institute (TurkStat), in the first quarter of 2019, housing sales in Turkey increased by 1.6% annually and reached 677,103 units. The figure was a decrease by 1.5% from the fourth quarter of 2018.

According to TurkStat, new residential sales increased by 3.4% year-over-year in January 2019 and reached 97,000 units; an increase of 0.5% compared with December 2018; an increase of 5%, or 4,400 units compared with January 2018; and an increase of 5%, or 3,700 units compared with February 2019 (the most recent data).

According to a report by BNP Paribas Real Estate, prices for private housing in Istanbul's mainstream markets have continued to rise since 2016.

According to a report by BNP Paribas Real Estate, prices for private housing in Istanbul's mainstream markets have continued to rise since 2016. In its latest survey, it found that the average price of a home in Turkey rose last year by 11 percent over 2017, while average apartment prices climbed 9 percent.

However, there was also some good news for prospective buyers: according to the report, Istanbul's residential property market is expected to remain strong through 2022.

According to Turkstat data, Turkey's population growth rate was 0.24% and grew to 81 million 792 thousand people in 2018.

According to Turkstat data, Turkey's population growth rate was 0.24% and grew to 81 million 792 thousand people in 2018. This figure is an increase of 1.3% compared with 2017, when the population was 80 million 643 thousand people (the growth rate of 0.26%).

The largest cities by population are Istanbul, Ankara and Izmir. Population density is 76 per square kilometer in Turkey, which is 4 times more than that of Europe's average (20 per square kilometer).

Turkey has seen a lot of growth over the last few years which makes it a good place to invest your money into real estate

Turkey has seen a lot of growth over the last few years and is now one of the most promising places to invest in real estate. The country's population grew by 0.24% in 2018, reaching 81 million 792 thousand people. This number is expected to increase by 2.5% annually over the next 10 years, which means that investors can expect their property market size to grow as well!

Turkey's property market size is already $100 billion today and continues growing every year. With good conditions for investments such as these, there's no reason why you shouldn't take advantage of this opportunity!

Conclusion

If you're looking for a new investment opportunity, Turkey might be the perfect place. The country has seen a lot of growth over the last few years which makes it a good place to invest your money into real estate.

Written by
Cloyd Ledner
Head of digital marketing

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