So, it’s a good time to sell, right?
The Turkish
Statistic Authority (TUIK) has announced the residential property sales statistics
for the first quarter of 2016.
According to
statistics, the number of properties sold to foreign nationals in the first
quarter of the year rose by 8,9%, when compared to last year.
January and
February saw the largest increases at 13,4% and 15,8% respectively whereas March
actually saw a tiny increase of just 0,9% . It will be interesting to see if the
second quarter will continue on an increasing trend or whether March starts a new trend…..
Where is appealing….
|
Area |
No of residential properties sold to foreigners (January, February and
March 2016) |
1 |
Istanbul |
1,636 |
2 |
Antalya |
1,003 |
3 |
Bursa |
385 |
4 |
Yalova |
240 |
5 |
Ankara |
185 |
The Eastern buyers remain on top
Iraqi
nationals were again the foreign nationals purchasing the highest number of
residential properties in Turkey, in the first quarter of 2016. While a total
of 917 properties were sold to Iraqi nationals during the first quarter, they
were followed by Saudi Arabians who bought 445 residential properties, Kuwaitis
with 429, Afghans with 393 and Russians with 290 residential properties.
The increase
in Afghan nationals, as of the first quarter of 2016, is also attracting
attention. While a total of 656 Afghan nationals purchased properties in Turkey
last year, this figure has already reached 393 in the first quarter of this
year.
Link back to Didim
One can see
from the statistics above that the neither Didim nor the county of Aydin
feature in the league of top areas for foreign buyers. In fact, in March 2016,
according to TUIK, just 56 properties in the whole of Aydin, the county which includes the large resorts of Kusadasi
as well as the resorts of Didim were sold to foreign nationals.
Does this
paint a totally depressing picture for vendors in the Didim area? We don’t
think this is necessarily so as even though there may not be many foreign
buyers knocking on the door to buy, there is a steady trickle of Turkish expats
still wanting to invest in the homeland. Didim is a particularly popular resort
with the Turkish tourists. Land for investment in particular, is selling quickly to Turkish residents and
expats alike. These are all sound exit routes for prospective foreign vendors
albeit that any vendor trying to sell in 2016 will need to price their property
very conservatively if they wish to remain competitive within the market.
Prospective
vendors can contact Didim Sun Properties for more information about selling or
check out our website at: http://www.didimsun.com/sayfa/detay/3-For-vendors.html
Design by Ayşegül ÖZBEY