The number of UK citizens who own real estate in Turkey rose to 17,443 at the end of December 2006, from 2,964 in mid July 2003 – an increase of 488%.
The number of properties owned by UK citizens in Turkey rose to 12,739 from 2,420 during the same period – an increase of 426%. In total foreign nationals spent US$2.9 billion on buying property in Turkey in 2006. Briton’s share of this is expected to be over half a billion US
These figures have been released by the Turkish embassy in London. As My Turkish Home completes its sixth year selling Turkish property in the coastal resorts of Didim, Altinkum, and Akbuk, the Turkish property market has grown at a considerable pace. Reports currently estimate that the number of foreigners who have bought Altinkum property stands at over 10,000.
In January 2006 the new foreign ownership of property law in Turkey was signed off, heralding what promises to be an exciting future for those seeking to invest in a burgeoning market place. Altinkum offers a diverse range of properties to choose from – smart ‘city centre’ apartments, small, private pool complexes, large individual detached villas, village style complexes… and with Akbuk emerging as the ‘countryside’ alternative to Altinkum, there promises to be something for everyone.