British Property Buyers Favour the Mugla Province in Turkey

photo credit: ndrwfgg

New figures released in Turkey have highlighted the most popular areas where foreign nationals buy property - and top of the list is Muğla.

The figures, published by the Land Registry General Directorate in Turkey and reported in newspapers such as the Turkish Daily News, show that 73,000 foreigners now own properties in the country, equating to 38.42 million square metres. The province of Muğla, which is home to towns such as Bodrum, was revealed to be the most popular place for British buyers to purchase property, closely followed by Antalya and Aydin.

The province of Muğla has 12,865 foreign owners of land and property and 10,039 of these are from the UK. In fact, the total amount of land owned by Britons here is a massive 2.66 million square metres. The other major groups of foreigners buying in Muğla are from Germany, Denmark, Ireland and America.

Other than Brits, Turkey is favoured by German buyers and, in particular, they seem to make a beeline for Antalya. In Antalya 6,424 Germans own 4,890 units of property, which amasses to 1.25 million square metres. Britons seem to like Antalya too, as they own 777,786 square metres of property in the city.

Interestingly, the report showed that there are still many areas of Turkey where no foreign nationals own any property or land. This includes the cities of Agri, Bitlis, Hakkari, Mus, Sirnak, Ardahan and Igdir.

[tags]Turkey property, Turkey real estate, real estate, real-estate, off plan property, off plan, property investment, real estate investment, overseas property[/tags]