The Turkish real estate sector has gained prominence, coming into the limelight for both local and foreign companies; reflecting developments in the economy, such as the decrease in inflation to conceivable levels, the achieving of price stability, and the transition to the New Turkish Lira; and political developments, such as European Union candidacy.

The 2008 and 2009 results of the survey Emerging Trends in Real Estate Europe, prepared jointly by PricewaterhouseCoopers and the Urban Land Institute clearly indicate increasing local and foreign interest in the Turkish real estate sector and the country is beginning to gain popularity among foreign holidaymakers.

According to Today’s Zaman, the largest English-speaking newspaper in Turkey, 73,103 foreigners have spent approximately $10.4 billion on property in Turkey in the last five years.