As a owner of property in Ovacik I wish I could share your friends optimism Ian. However, in my opinion, the last few years have generally seen prices remain static at best. Most of the owners I know who have had there property on the market in recent times, still have, or have ended up with 'stressed' sales resulting in the ultimate sale price being much lower than the asking price. I was an estate agent for 15 years in the UK and during my time (80-90's) there were some difficult times when sales activity was slow, if land was for sale, the the land owner would ultimately have to accept a price lower than anticipated. If tax is increased on the purchase of land in Turkey, then I believe in time the sale (because a vendor wants/needs to sell) price is almost certainly going to have to reflect this. The key to future property being built (and the value of our own properties!) is wether there is land available that has the appropriate building permission, and as I see it, there are still many pockets (large and small) still to be built on. Property transactions and there price are dictated by supply and demand, and until there is little or no further new build opportunity (which some incidentally I feel continue to improve on in both design and quality) I believe price increases of second hand sales will sadly continue to be relatively hard to come by.
