1. Turkey
Turkey a transcontinental country located mainly on the Anatolian Peninsula in Western Asia and being one of the top tourist destinations in the world (11.5 Million tourists in 5 months of 2022), its emerging economy with many competitive sectors where its political, legal institutions and social are comparatively stronger than any developing countries.
This has impacted the real estate market too, and the nominal growth at 110% in the year to March which is the highest percentage of any country, as per Knight Frank’s Global House Price Index.
- Turkey property price growth - 131%
- Istanbul property price growth - 157%
The overseas clients got attracted to Turkey’s golden visa program where Turkish citizenship is offered through the property purchase. So residential investment in Turkey is considered the safest investment because the property sale must be recorded in Turkish lira, and here buyers and developers both consider U.S. dollar prices, so the inflation doesn’t have a detrimental effect on the price.
So considering the appreciation and growth in Turkey it allures the investors and buyers both to be a part of a fruitful country where the appreciation makes the idea of investment supportive for the majority.
It is good to know that many countries wish to work with Turkish companies that overall escalate the economy that will eventually scatter its perks in every segment.
Also, the experts say, the Turkish market will stay strong, so this might keep the lower income group and novice home buyers out of it because these much of funds arrangement could be a daunting task for them.