|Thursday, August 26, 2021
There is a great demand for foreign investors to buy apartments throughout Turkey, and in Istanbul.
Latest real estate sales news in Turkey
According to data issued by the Turkish Land Registry and Land Survey Directorate, the number of properties that were sold during the first six months of this year reached 1,262,848 properties.
Whereas, “the top three states that recorded the largest number of housing sales are Istanbul, Ankara and Izmir.”
It pointed out that "Istanbul ranked first with 161,451 properties, due to its important strategic location and being the economic capital of Turkey. In addition to its large population, which provides a wide range of consumers and labor at the same time. Infrastructure projects carried out by the Turkish government in Istanbul also greatly affect the real estate market, such as Istanbul's third airport, "the largest airport in the world" and the Istanbul Water Canal, "the new Bosphorus".
The capital, Ankara, came in second place with 84,335 properties sold, followed by Izmir in third place, with 59,353 properties sold.
And apartments in Turkey ranked first among the best-selling types of real estate, as the number of apartments sold during the mentioned period reached 535,445 apartments. And agricultural land in Turkey ranked second among the most sold real estate during the first six months of this year, with 350 thousand and 87 agricultural land sold.
While construction lands in Turkey ranked third among the best-selling types of real estate during the first six months of this year, with 226,901 construction lands sold.
It was ranked fourth for commercial real estate, as the number of commercial real estate sold during the first six months of this year reached 57,208.
As for the sale of other real estate, the first six months of 2021 witnessed the sale of 93,216 real estate types.
One of the most important reasons that played a major role in increasing real estate sales to foreigners in Turkey is to obtain Turkish citizenship
Note that the Turkish government has opened the door for real estate investors to obtain Turkish citizenship, according to several conditions, including owning a property worth 250 thousand dollars, or a bank deposit of 500 thousand dollars, or investing with a capital of at least 500 thousand dollars.
The Turkish passport holder can also enter more than 42 countries with an entry visa issued upon arrival, and more than 7 countries grant the Turkish passport holder an electronic entry visa via the Internet.
There are many reasons that support the timing of entering the Turkish real estate market now, in addition to the fact that the real estate sector is not affected by the recurring crises that strike the economy from time to time. The observer of the crises that the Turkish economy is going through is that they often do not last long.
The demand for real estate remains high by the Arabs, which contributes to the continuation of the dynamism of the Turkish real estate sector, as it is the closest safe haven for capital.
Returning to the Turkish Statistical Institute, it is worth mentioning that the Turkish real estate market has recorded an increase in real estate sales to foreigners for the first seven months of 2021, as real estate sales recorded remarkable progress with an increase of 46.9% over the sales of apartments to foreigners during the same period last year 2020.
The Turkish real estate market is one of the most active and powerful real estate markets around the world. It attracts Arab and foreign investors to buy apartments in Istanbul and other Turkish cities for the purpose of real estate investment or housing.
If you are interested in obtaining Turkish citizenship, we recommend that at FCC Real Estate Group, go towards real estate investment, as this field provides you with high and guaranteed profit returns, and it is a safe investment. On the other hand, you can obtain citizenship within a maximum period of three months, through the previous experiences of our valued customers.
Choose the most suitable apartment
Lets set special prices for you. Let us deliver yout title immediately
Life worthy of the best resorts in luxury Cyprus project close to the sea
Cyprus project on the seashore and with all amenities you need for vacation and life altogether
Project on the seashore with all amenities you need for vacation and life altogether
Never ending holiday life in Cyprus project
Cyprus project with sea, nature and city views
Comfortable life with full of fresh air and greenery in Eyüpsultan living complex