32,000 British people own property in Turkey. Fact. Collectively they own 6 million square meters of Turkish land. Fact.
These figures are not an estimate, they are the official figures recently released by the Turkish General Directorate of Land Registry.
The data shows that the British are by far the biggest overseas buyers of Turkish property. According to the figures foreign buyers own 65 million square meters of Turkish land, with 6 million square meters Brits own almost twice the amount of land that Germans -- the second biggest owners -- do at 3.5 million square meters. Surprisingly Greeks are the next biggest owners with 3 million square meters.
Note the lack of Russian buyers in the top 3. A recent chart by the largest Russian language overseas property portal showed that Turkish property is third most popular with Russian buyers, which are currently millions strong.
According to New Home in Turkey the number of Russian buyers as well as those from eastern European and Baltic states are growing, but it will be maybe 5 - 10 years before they overtake Brits and Germans in the Turkish market, if ever.
Director of the firm Aydin Cakir said:
"Since the Turkish property market opened to foreign buyers in 2002, and then further in 2005, British buyers have always dominated the market. While Germans are the largest tourism market, Brits are more prolific buyers of holiday homes, with a much larger proportion of tourists buying property in a given country. Russian numbers are growing, but it will be at least 5-10 years before they overtake British and German buyers, and they may never do so."
No comments:
Post a Comment