Properties Prices in Turkey
Summary: This study explores the prices of properties and apartments in Turkey, and the factors
determining that.
Introduction about Turkish economy:
Turkish economy is the biggest Islamic economy ever, preceding even the economy of
the Saudi Arabia, not to mention that Turkey has achieved this all without accession to
the European Union.
The intermediate location of Turkey between the continents of Europe and Asia on one
hand and the European regions on the other hand is considered a strong factor can be
added to the marketing and geographical factors that are favored for the Arab investors.
Real estates prices in Turkey after the Law on Real Estate Acquisition of Foreigners
After the issuance of the Law on Real Estate Acquisition of Foreigners in Turkey in 2012, real
estates prices in Turkey had risen straightway to high levels, especially the old real estates, due
to the large demand for them, the thing that the real estate marketing companies began to
sense. For that and basing on the new legislation, Imtilak real estate believes that prices of
apartments will rise in Turkey from 60% to 90% during the upcoming five years.