Skip to main content

What to expect from the remaining part of 2016

So far 2016 has been what we can best describe as an interesting year here in Turkey. 

 Why it has been like this we will not get into here. Other medias are writing plenty about that, so no need to repeat.

 Instead we will take a closer look on how we think the property market will develop for the remaining part of 2016.

 It can of course not be much more than guessing, but with 13 years of experience we believe that we have earned the right to call it qualified guessing.

A very positive sign is that there are still several interested buyers in the market, and that properties are still being sold.

We do see that foreign buyers often have a longer and existing connection to the market.

 This could be buyers that already own a holiday home in Turkey and now are looking to exchange to something bigger or better, or buyers that has been coming to Turkey for many years as holiday makers and now have decided to get a holiday home of their own.


Unfortunately we see less and less completely "new" buyers, that choose to invest in a holiday home without having an already existing history and knowledge of Turkey. 

 This is a logical consequence of the current situation and this segment will not return before the political situation in Turkey has stabilized.

The profile for local Turkish buyers has not changed

Here we are still seeing the same segment, which is buyers whose economy has improved over the last 5-10 years and now have the initial capital to invest in home, often in the lower end of the pricing scale.

 We do also feel that this group of buyers are holding back a bit, but we expect the segment for local buyers to stabilize before the segment of foreign buyers.

There is a clear picture of more foreign owners wanting to sell

It seems that many foreigners have been thinking about selling, and the latest events have made them take their decision and they have decided to put their unit on the market.

 This means that both short- and medium term we will still have a lot of units for sale and that the situation will continue to favor buyers more than sellers.

We do not expect prices to drop significantly, since the price level is already very favorable

But the time where prices will start to rise has most likely been pushed a little further into the future. 

 Or to put it another way: It is still a good time to buy, not that good to sell.

 Don't forget that you can always contact us with any question related to property in Turkey.

Comments

Post a Comment

Popular posts from this blog

Size of a Turkish squaremeter

  This time, we will examine something that should seem quite simple: the size of a square meter. First, let's see what Wikipedia has to say on the subject: The square meter is a unit of area. It is defined as the area of a square whose sides measure exactly one meter. For those particularly interested in the subject, it is worth noting that one square meter equals 0.000001 square kilometers or 10,000 square centimeters. One question Wikipedia does not answer is the size of a Turkish square meter. Experience has taught us that one European square meter and one Turkish square meter are not equal. This is most obvious when we receive the floor plans for the units we promote. These are often quite exaggerated, and we often see 2-bedroom apartments listed as 150 square meters. However, visiting the apartment in question often reveals a different story. In other words, the 150-square-meter apartment turns out to be just 100 square meters. The main reasons for this are: - In Turkey, info...
Post a Comment
Read the whole story »

Hottest topic of Alanya is about your guests

  Recently the most discussed topics related to real estate in Alanya is without doubt the amendments to the law about short time rental of privately owned property. This has led to several other discussions that are also relevant for owners of private properties that do not rent out their property. Mainly two questions are being discussed.... - When are people that are staying in my property to be considered as commercial rentals? and - Must I register my guests with the local authorities and how is that done?   On social media platforms a fierce discussion has been going on. So far most information available has been 3rd party information such as "according to.... ", "we were told that... ", "local authorities said that... " and so on. In this blog post we will take a slightly different approach. We will take a look at the actual laws and form an opinion based on what the laws and regulations say. Before we start please note this carefully: - This inform...
Post a Comment
Read the whole story »

Get on the bus...

At time it can be hard finding your way around the network of local busses in Alanya. Especially since each municipality has its own busses, and they all service not only their own municipality, but also other areas. So the city buses from Mahmutlar are servicing the Alanya area and the busses from Tosmur also goes to Kestel and so on... Generally speaking the busses operate from around 7 o'clock morning to around midnight. But what are there exact routes? That is not so easy to know :-) For the busses from Alanya municipality there is now a solution for this, since all the lines and routes can now be found  at this map - click to see... We havent been able to find same kind of maps from other municipalities. Lets hope that it will soon come.. In the meantime: Get and the bus and have a happy ride... This blog-post is written by 2Base Estate Agency & My2Base Holiday Homes Visit us online: Holiday Homes for sale:  www.2base.com Letting & Services:  ...
Post a Comment
Read the whole story »