From January to August inclusive in Turkey, there has been an increase in home sales. In total, over the indicated period, 110.538 residential real estate properties were sold. It is noteworthy that the main sales growth is in the summer months. As for secondary housing and new buildings, the "secondary" is leading by a wide margin. In just 8 months, almost 70 thousand apartments and villas in which someone already lived were sold.
The largest number of sales transactions, traditionally, was concluded in Istanbul. Also, the five leaders in home sales include Ankara, Izmir, Antalya and Mugla. It is in these territories that the largest number of residential real estate objects are sold.
As for foreign citizens, they have significantly intensified this year. Their purchases of housing in each month of this year were more than for the same periods of the last year. In just 8 months, foreigners bought 27.748 units of real estate in Turkey. The largest number of objects, over 12 thousand, were bought by foreign citizens in Istanbul. In second place is the province of Antalya, this year it set a real sales record - foreigners bought more than 5.5 thousand objects in different cities of the province. Also, the five leaders include Bursa, Ankara, Yalova.
As for the territorial affiliation of foreigners, for eight months, most of the Turkish real estate was bought by the residents of Iraq and Iran. This year the Russians were pleased, having left in third place at the beginning of the year, they still hold this position with confidence. Also, the TOP 5 most active home buyers in Turkey include citizens of Saudi Arabia and Afghanistan. By the way, unlike the native citizens of Turkey, foreigners prefer to buy apartments in new buildings than in the secondary market.
There are more foreign citizens who buy housing for passive income - they rent real estate, thus earning quite good money. This year there are a record number of tourists, therefore, rental housing is in great demand.
But real estate prices this year, compared with last year, rose by just a few percent. And this is also a good argument for those foreign citizens who want to buy property in Turkey. A slight increase in prices is due to the fact that Turkey is now actively building up, the real estate market offers a huge number of housing options, so developers do not see the need to overstate the cost of apartments and villas.
For the purchase and rental of Turkish real estate, as well as for the purchase of land and commercial real estate, you can contact RestProperty. There are more than 7.5 thousand objects in our catalog, we will surely pick up what you need for you!