Turkish real estate sales to foreigners grow 235.7 percent
The Turkish real estate market is considered one of the most active and strongest real estate markets around the world, and according to Turkish statistics, Turkey has recently witnessed a great demand from foreign investors to buy real estate throughout Turkey and Istanbul, especially for various motives, including real estate investment, including housing and stability.
Real estate sales to foreigners in Turkey achieved a growth of 235.7 percent last May, compared to the same month of 2021.
The data of the Turkish Statistics Authority showed, on Wednesday, that last month, 5,962 properties were sold to foreigners throughout Turkey.
Istanbul topped the list of Turkish states selling real estate to foreigners:
with 2451 properties, followed by Antalya with 1885 and Mersin with 264 properties.
In terms of clients' nationalities, Russians topped the foreign purchasers of real estate in Turkey last May, with 1,275 properties, followed by Iranians with 736, and then Iraqis with 617 properties.
Find out with us in this article the latest real estate statistics issued by the (GYODER) Investment Association during the month of May 2022
According to the issued statistics, the new apartments of the 4 + 1 type ranked first among other types of apartments, in terms of the increase in the value of its index during May of this year, with an increase in the value of its index reaching 18.38%.
The new apartments of the 3 + 1 type followed, with an increase in the value of its index by 13.59%, and in the third place came the apartments of the 2 + 1 type, with an increase of 11.41% in the value of its index.
As for the fourth place, it was occupied by 1 + 1 apartments, with an increase of 5.43%, during the fifth month of this year 2022.
With regard to the payment methods through which new residential apartments were purchased, in the registered projects during the month of May 2022, the purchase by advance payment ranked first with a rate of 57.11%, followed by the purchase by financial bonds by 35.21%, and in The third place is the purchase using the bank loan with a rate of 7.68%.
With regard to real estate stock figures, the report stated that the real estate stock consumption rate for new apartments in projects with a registered mark amounted to 7.15% during the month of May 2022.
The percentage of sales of branded projects from ready-to-delivery apartments amounted to 62.27% during May 2022, while the percentage of sales of unfinished apartments in registered projects during May of this year reached 37.73%, achieving an increase of 13.69%, over Percentage of sales of finished apartments in the previous month.
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