Demand for Turkish property is not showing any signs of slowing with a record 32,000 Britons now owning property in the country.

According to data released by the Turkish General Directorate of Land Registry, interest is growing in second homes along the Aegean and Mediterranean coastlines.

And in the last couple of years foreign property investors have purchased twice as much as they did in total over the past 79 years, since the founding of the Republic.
European buyers in particular have been attracted to Turkey due to the affordable property prices, low cost of living and direct access from the UK.

Steven Worboys, MD of Experience International, said: “We have certainly seen the Turkish property market go from strength to strength. Overall, the number of foreign property buyers has increased by nearly 30 percent, from 73,000 in 2008 to 104,000 today, with the British market accounting for the largest group of buyers.”

Over 63 million square metres of property, classed as ‘immovable assets’ by the Turkish Land Registry, is owned by foreigners, with Britons possessing the largest amount at six million square metres. The Germans at 3.5 million square metres and Greeks 3 million square metres.

The province of Muðla, located in the south-western corner, on the Aegean coast, has proved a particularly sought-after destination, with almost 5.5 million square metres of immovable assets owned by foreign nationals.

Worboys added: “Muðla province, home to the popular towns of Bodrum, Marmaris and Fethiye, encapsulates everything that foreign buyers desire; it's no wonder that over 14,000 Britons own property here.”

One factor that has certainly positively affected the Turkish property market has been the increase in availability of finance.

Up to 70 percent LTV mortgages are now commonly available throughout the country and this combined with Turkey's location outside the euro zone means there is zero currency exposure as many property prices are fixed in Sterling.

• As one World Cup finishes, overseas property investors are already looking towards Brazil which is preparing to host the next World Cup in 2014.

Jeanine Pires, from Brazil’s state tourism organisation Embratur, said that as the World Cup will be held in a number of locations, including the property hotspot of Natal, the country will have the opportunity to showcase itself to tourists and investors.

And Luiz Barreto, Brazilian minister of tourism, added: “Our target is to reach 2014 with 65 tourist destinations highly qualified to supply tourists and 10 million foreign visitors a year. Currently Brazil receives five million visitors per year.”

There will be a total of 12 locations around the country acting as host cities for the tournament.

Felipe Cavalcante, president of ADIT Brasil, said all eyes will turn to South America once the current tournament finishes in South Africa.

“The 2014 World Cup will be a great opportunity for Brazil to showcase itself to the world,” he said.

“It is anticipated that Brazil will spend $50 billion (£33 billion) on various projects in the 12 host cities.”

Cavalcante added that getting Brazil ready for the World Cup is a ‘big project and huge challenge’ but that the country was looking forward to it.

Infrastructure improvements, which will benefit Brazilian property, will be made in most of the host cities, including Sao Paulo, Natal and Rio de Janeiro, which will also host the 2016 Olympic Games.

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