What about investing in Turkey real estate today?
After the most difficult year in the world on the economic level, the real estate market in Turkey has returned to its normal movement, as of the beginning of 2021, and the demand for real estate investment in Turkey has increased significantly, especially by foreigners who want that property in order to obtain Turkish citizenship.
The huge and unexpected demand for buying properties in Turkey led to an increase in prices, which made investors flock to this profitable market, especially investing in Turkish real estate in Istanbul.
Turkey real estate market statistics for 2021:
The figures and statistics issued by the Turkish Statistics Authority indicate a significant increase in real estate sales to foreigners in Turkey in the period from 2013 to 2020, reaching 220 thousand and 351 properties at the end of last year.
Despite the Corona Pandemic and its impact on all sectors in the country, the movement of real estate purchases by foreigners did not stop, as foreign purchases reached 40,812 properties.
Real estate sales in Turkey have recorded the second highest peak ever with 1,492,000 sales.
The statistics of the Turkish Statistics Authority also indicate that the real estate sales index for the year 2020 amounted to 499,316 properties, and Istanbul, Turkey, accounted for 18.5% of the total sales in the country, where sales amounted to about 276,223 properties.
As for the statistics of the global real estate market, Turkey ranked first among European countries in terms of the number of properties sold in 2021. The sales value reached 1.5 million housing units, surpassing Britain, which achieved 1.3 million properties sold.
The figures also indicate that the total total real estate sale transactions in Turkey for the year 2021 in the period between January and November reached 2,768,262 transactions, which indicates a remarkable growth in the real estate market, and real estate owners seek to Earning $10 billion by the end of 2021.
With regard to the period between January and October 2021, the total real estate sales to foreigners amounted to 43,372. Real estate, with a growth rate of 38%, compared to the same period in 2020.
Turkey real estate sales:
In terms of property types:
Residential apartments rank first in the list of Turkish sales, as the number of apartment sales transactions reached 1,231,524 transactions, and land transactions ranked second with 482,845 transactions, and then agricultural fields 731,825 transactions.
In terms of Turkish states:
As for the order of the Turkish states in terms of the number of sales, Istanbul topped the list of Turkish cities with 354 thousand and 25 transactions, and in second place Ankara 192 thousand and 505 transactions, then Izmir 134 thousand and 972 transactions.
As for the past years, specifically the last eight years, Istanbul topped the list with 83 thousand and 815
In second place is the state of Antalya with 51,845 properties sold to foreigners, followed by Bursa with 11,895 properties.
In terms of foreign nationalities:
According to the figures and statistics of the Turkish real estate market, the Iraqis came to the fore during the period between 2015 and 2020, followed by the Iranians in the second place, with 18 thousand and 464 properties, and in the third place were the Saudis with 13 thousand and 540.
