The prices of residential properties in Turkey are slowly but steadily rising, as are the number of sales, according to latest figures.

Overall sales of property in Turkey increased by nearly 1%, according to the ReidIn Turkey Property Price Index. Prices were also up in specific areas too; Adana 0.32%, Ankara 1.02%, Istanbul 1.05% and Kocaeli 1.02%.

It is not just the sales prices that have increased; rental prices are on the up too, with an overall increase of 0.36% in Turkey. Such is the trend that new homes are also increasing price wise, they are always popular with locals and foreign buyers and sales were up 1.2% in July when compared with the month before. Year on year they have risen by 7.29%.

The new data has also shown that people are looking for bigger and bigger properties, with the demand for properties of 101 – 125 square metres going up by 1.65%. Meanwhile, Turkey has been named alongside Spain and Florida as a top location for property investors.

Andy Bridge from A Place in the Sun believes that those three countries offer investors affordable properties if they have access to capital or mortgage agreements. Turkey was said to be popular as it is outside the eurozone and the Sterling goes further. Bridge added “Property is relatively affordable and it’s a wonderful country for food, climate and culture.”

To understand the full step-by-step process to buying a property in Turkey, collect The Overseas Guides Company’s ‘Turkey Property Buying Guide’