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….

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