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Property in Turkey - The Figures

December 2007.

Since the change in the law in 2003, 68,419 foreigners have purchased property in Turkey, according to the Turkish Land Registry Directorate (TKM).
Britons are the second biggest group of property owners with 12,948, beaten by the Germans who own 15,290 properties.
Of the 68,419, 17,668 of the properties owned by foreigners are located in Antalya, followed by Mugla - the region in which Bodrum is located - with 8,298. Aydin - Altinkum's region - has 5,010 properties owned by foreigners.
 

Overseas property investors are increasingly choosing to buy homes in Turkey, an expat has revealed.

Terry McFinney, from East Kilbride in Scotland, told the Sunday Mail that the country was "really becoming popular" with people from the UK....

Article Date : Monday, February 04, 2008

Overseas property investors are increasingly choosing to buy homes in Turkey, an expat has revealed.

Terry McFinney, from East Kilbride in Scotland, told the Sunday Mail that the country was "really becoming popular" with people from the UK.

Speaking to the newspaper, he said this was partly because the country offered the potential for investors to get good returns, as house prices are continuing to rise.

Mr McFinney stated that his own home was now worth about twice the £45,000 he had originally paid for it back in 2002.

However, he urged people looking for similar returns to study the market carefully before making a purchase.

He commented: "Prices are on the increase but you can still find bargains if you do your research properly."

Rhiannon Williamson of ShelterOffshore.com recently said that Turkish real estate professionals are anticipating further growth in the market.

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