When it comes to trends, is Istanbul and Turkey on the rise? According to market trends, this particular country is one that’s well worth investing in, with plenty of positive trends indicating significant growth and ample opportunities for in-country and overseas buyers alike. Istanbul’s popularity and stability make it a particularly appealing choice, while the feel and style of the city further make it an excellent option.Want to learn more? Read on to find out about current real estate market trends in Turkey to help you make an informed decision on whether this location is the best investment for you:
Housing Price IndexAs of 2019, Turkey held a housing index of 117 points. Based on Trading Economics’ analysis and in-house models, it’s predicted that within 12 months that number will rise to 122, further adding to the appeal of this particular location. In contrast to the UK – which currently sits around the 400 mark – this makes properties in Turkey lower cost, which can mean far higher reward.
While the initial index is lower, Istanbul and Turkey climb each year consistently, as illustrated in the predicted index chart below. From '10-19, Turkey held an index score of around 76 – showing just how far the country has come, and how much potential it has for those figures to increase further over time:
While Turkey has experienced fluctuations in Lira over the past few years, political stability and ongoing trade policies have proven to be incredibly attractive to investors and citizenship seekers alike. In 2018, the economy of Turkey had a positive trend of 4.4%, a number that continues to rise and outstrips the EU, Germany and Saudi Arabia in upwards traction. See the full economic performance graph below:
Is Turkey a good investment?
If you’re considering investing in a property that’s affordable and likely to increase in value steadily over time, Istanbul is an excellent choice. That high level of economic growth, plus the attractiveness of current trade policies and improvements to the city itself, all add up to an excellent option for a property portfolio. If you’re just getting into buying property, Turkey is a good choice as it’s lower-cost than the UK, but with significant rewards still available.
Ready to consider Turkey for your investments? Entralon has a catalogue of online real estate to consider. View our full range of properties online, or get in touch with our professional team to find the house or apartment that’s right for you. We’re always happy to help match our customers with the ideal properties for their needs.