The real estate industry in Turkey is booming, driven by a strong economy, population growth, and a healthy tourism sector. Property sales in Turkey are driven mostly by foreign investors, due to the abundant opportunities created by low property prices, favorable taxation rules, and a lucrative rental market.

In the past few years, there has been a steady rise in property sales in Turkey. Foreign investments accounted for half of all property sales in the country in 2019.

The government has relaxed the legal framework to make it easier to buy properties in Turkey, and foreigners do not need a residence or visa to buy real estate. The Turkish government has cut taxes on property sales and allowed buyers to obtain long-term mortgages with interest rates as low as 1.49%

Due to the country’s attractive lifestyle, modern infrastructure, and increasing interest in tourism, property prices in the major cities have also been boosted by strong demand. Istanbul, Ankara, and the Aegean and Mediterranean coastlines are particularly popular.

The tourism sector in Turkey is also driving property sales. The country’s warm climate and picturesque views make it an attractive destination for holidaymakers, and its location, between Europe and Asia, is advantaged. Many people are buying properties in Turkey as holiday homes or investment opportunities.

Overall, the country’s property market is healthy, and increasing sales are expected in the coming years. This bodes well for potential buyers