Will real estate prices in Turkey rise in 2022?

Real estate prices in Turkey are one of the things that every foreign investor should focus on, wishing to invest in real estate in Turkey, and to ensure that his affairs are arranged according to his prior knowledge of prices, as recently Turkey has witnessed the influx of many foreign tourists wishing to own real estate, especially after the pandemic. Corona, which resulted in the closure of airports and marine transportation completely for two years.

Real estate prices in Turkey in 2021

Last year, 2021, Turkish real estate witnessed a significant increase in its prices, and the rise was surprising and not expected, but this did not prevent the great demand for investment in real estate by foreign investors, especially after visiting Turkey and receiving the Corona vaccine, after the pandemic that upended all the scales of economic life, health and social services at the level of Turkey, and at the level of the world as well.

And about the average real estate prices in the past before the spread of the Corona virus, during 2019, it came as follows:

This table shows that prices for real estate before Corona were within a reasonable limit, but this was not the case in 2021, as prices rose significantly during the first months of this world for the first time in the country’s history, and the prices came as follows:

This other table shows that prices have halved, especially for the Istanbul region, which witnessed a qualitative leap from the price of 5000 Turkish liras in 2019 to the price of 7500 Turkish liras in 2021.

Real estate prices in Turkey in 2022

Many experts and specialists in the field of real estate are likely that real estate prices will witness a significant increase during this year in a way that exceeds expectations, and this is due to several factors, including this:

• There is a significant and noticeable acceleration in buying and selling operations in Turkey, and the presence of many distinguished options for foreign investors.
• Continuing the process of building many new and distinctive real estate projects in Turkey.
• The rise in real estate investments in terms of value, and this is what constituted a great attraction for many tourists and foreign investors wishing to invest in Turkey.
• The high number of tourists visiting Turkey, whether to live in it or for investments and real estate ownership.
• Increasing the number of tourists coming to Turkey in general, as Turkey receives annually a large proportion of tourists and this percentage is still witnessing clear and remarkable progress within the global ranking of the most popular tourist destinations in the world.
• Ease of buying real estate in Turkey, as Turkey is considered the easiest country in the world in terms of procedures and conditions to be followed when foreign tourists own real estate.
• The process of building and constructing many large and huge real estate projects continues, and the construction and expansion of transportation lines, schools, hospitals, and universities continues, with the presence of many promising economic projects on the Istanbul Canal line, which will result in a new and distinctive strait in the city of Istanbul.
• Turkey’s entry into the circle of the world trade pole, which is indispensable in international navigation, and the process of transporting various goods, products and commodities.
• The Turkish citizenship program continues to work in exchange for buying a property with a sum of $250,000.

It should be noted that it is expected that the average real estate prices in Turkey per square meter during the current year 2022 will reach approximately 9000 Turkish liras compared to last year 2021.