Brits flocking to Turkish property market

Turkey is proving to be a popular destination for British investors, with a record number now owning property in the emerging European destination.

The country's latest land registry figures reveal that 32,000 Brits now own real estate there and the market remains stable with no signs that interest in buying homes from overseas investors will fall in the future.

In addition, a rush of European buyers have been drawn to Turkey thanks to its relatively cheap prices, low cost of living and accessibility from the UK.

The news is likely to be good news for investors looking to buy real estate in Mugla, with almost 5.5 million square metres of land currently owned by foreign nationals in the region.

"We have certainly seen the Turkish property market go from strength to strength," said Steven Worboys, managing director of Turkish property experts Experience International.

"Overall, the number of foreign property buyers has increased by nearly 30 per cent, with the British market accounting for the largest group of buyers."

According to mortgage specialist Conti, demand for its services in Turkey has risen steadily over the past year.

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