Turkish Property Searches Increased By 21% In May

Searches for Turkish property increased by 21% according to the latest release of the Rightmove Overseas Search report containing data based on searches conducted during May. The growth saw Turkey climb one place to take 11th place on the country chart.

Searches for Turkey property have grown almost constantly this year. In January searches increased by 49.56% compared to December 2010. This dropped back by 11.89% in February, but searches have grown for the last 3 months straight, by 6.51% in March, 3.34% in April, and then the 21% in May.

This growth has led to the Turkish region of Mugla entering the top 10 chart of top trending regions (regions with more than 100 searches per day) at position 5, with searches up 27.20% compared to April.

This is the first time we have seen a Turkish region in this chart, and really speaks to just how popular Turkish property is becoming, with Mugla being the most popular region.

Mugla is of course home to Bodrum, Dalaman, Fethiye and Olu Deniz, which are 4 of Turkey’s main tourist and overseas property hotspots.

According to recent reports Brits owned some 32,000 homes in Turkey in 2010. The Association of Real Estate Investment Companies (GYODER) reported that sales of Turkish property to foreigners grew by 40% in 2010. Now we are seeing its climb up the mainstream ranks of the Rightmove data. All the signals are pointing to increasing foreign demand for Turkish property.