Turkish Property 3rd Most Searched for on Russian Portal

Number 1 Russian overseas property portal has published search data revealing that Turkey is the third most popular.

Experts say that the current dominance of low budget buyers is skewing the figures but I don't buy it. The data is based on the number of searches conducted by Russians currently searching for property on the portal, therefore it is inherently an accurate measure of popularity with Russian buyers. It is also confirmed by Turkish estate agents.

"British buyers are no longer the dominant force," says Aydin Cakir, director of New Home in Turkey. "We have been seeing Russian buyers overtaking them for some time and our findings are now confirmed by the 1-property.ru."

Before the crash, there was a lot of talk about the growing number of Russian buyers, and even of them overtaking British buyers in 2008. But then, despite many predictions that Russia would avoid recession, the global downturn struck Russia, and Russian buyers dried up just as British buyers did.

Now though, the Russian rebound is gathering pace as it once again becomes one of the world's hottest emerging markets. Meanwhile Britain is struggling to grow, and stuck in the quagmire of deep austerity measures. Millions of public sector workers are fearful of their jobs, as we know millions of jobs are to go, but no one knows when, how many and in how many chops.

Alanya is the top Turkish region with Russian buyers according to the 1-property.ru data, followed by Antalya, Belek, Kemer and Kusadasi.

Antalya Property Most Popular with Foreign Buyers

Antalya property is the most popular with foreign buyers of Turkish property according to a local realtor.

In a recent press release, New Home in Turkey said that Antalya is benefiting from the re-emergence of low budget buyers, who had been absent in the middle part of 2010 because things like the hung UK parliament, and austerity measures of varying degrees caused uncertainty about the future and severely dented confidence.

"We saw a return of these [low budget] buyers towards the end of 2009 and into the early part of this year, but it was fizzled out by the end of the stimulus, the EU debt crisis, the UK coalition government and other factors that dented confidence. Now there seems to be a sense that it is not going to be as bad as we thought, and buyers are returning," said Aydin Cakir, director of the firm.

Later in the release, the firm picks out Antalya, Side and Alanya as the most popular spots.

It is little wonder that property in Antalya would be the most popular, especially now that we know from many sources that low-budget buyers are indeed returning to overseas property.

It is practically an out of the box holiday home destination, in that it has everything the large majority of holiday home buyers are looking for, all right in Antalya town itself. Loads of shops selling everything you could ever need on holiday, from corner shops to supermarkets, a variety of restaurants, bars clubs, great beaches and a year round climate. To top it all of, Antalya airport is one of the best served airports in Turkey.

Turkish Property Hotspots Part II: Antalya

Antalya is a place near-certain to become an overseas property hotspot in the coming months and years.

It has everything that property buyers are looking for in a holiday home investment: plenty of shops, a wide variety of dining options, great beaches, a long hot and dry season and great accessibility from its own international airport.

Antalya, like most of Turkey also offers among the lowest property prices in the world, and this is one of the main reasons why Antalya seems destined to become a hotspot; because of the potential for an increase in low-budget buyers.

Europe is currently struggling to recover from one of the worst recessions the world has ever seen, and almost everyone is feeling the pinch. Thus, more and more people will be looking for cheaper places to enjoy holidays, and this will highlight Turkey and places like Antalya no end.

Antalya is one of Turkey's upcoming Mediterranean regions, and so, as well as putting you in a top class European resort, it also puts you in range of many more, including Side, which is famous for its rich history dating back to Alexander the Great.

Even with all this going for it, you can still buy studio apartments in Antalya from as little as 30,000 euros, and 2 bedroom apartments a little inland for 33,000 euros.

Because Antalya is hot news at the moment, off plan development is massive, and there are many opportunities to buy off plan properties at prices even lower than normal.