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"Low budget buyers are staging a comeback to the Turkish property market in the last couple of months according to New Home in Turkey.
According to the firm's statements in a press release, low budget buyers had disappeared in the middle part of the year, because of things like austerity and coalition governments denting confidence, but they have now returned as they did towards the end of 2009.
After explaining how the holiday home and foreign investor segments of the Turkish property market had not been affected as badly as many others, because of the strong euro sending buyers to Turkey, where mid-range buyers, who remained active during the crunch found fantastic value for money, the firm's director Aydin Cakir said:
"None the less, the Turkish market was always very much geared towards the lower budget buyer (obviously with some regions being exceptions to this), with low property prices and low cost of living making it a favourite with this buyer group during the boom.
"We saw a return of these buyers towards the end of 2009 and into the early part of this year, but it was fizzled out by the end of the stimulus, the EU debt crisis, the UK coalition government and other factors that dented confidence. Now there seems to be a sense that it is not going to be as bad as we thought, and buyers are returning."
The firm also said that these buyers are vital if the Turkey property market is to grow and reach its full potential.
