Turkey has an increasingly important position in the field of real estate, and day after day the demand is increasing.

The most popular nationalities to buy real estate in Turkey

Date:

Thursday, January 12, 2023

Turkey has an increasingly important position in the field of real estate, and day after day the demand is increasing.

Turkey has an increasingly important position in the field of real estate, and day after day the demand for apartments , shops and lands is increasing by foreigners of various nationalities, desiring to settle in or invest in Turkey , and the past year 2019 witnessed the sale of more than 45,500 real estate to foreigners in Turkey .

In general, what are the most important factors that attract foreigners to buy real estate in Turkey?

The advantage of obtaining Turkish citizenship exists when buying a property worth 250 thousand US dollars or more, or its equivalent in Turkish lira, provided that this property is not sold for at least three years.

The possibility of obtaining a real estate residence permit when buying a property in Turkey , which makes it much easier for the buyer and his family to reside, move, and enter Turkey.

- The presence of facilities in the procedures of buying, selling and investing for foreigners in Turkey.

What are the most popular nationalities to buy real estate in Turkey ?

Iraqis:

Iraqis ranked first in the list of the most nationalities owning real estate in Turkey last year 2019, as the number of properties purchased by Iraqis reached 7596 properties .

The most important factors that encourage Iraqis to buy real estate in Turkey:

- The presence of a large Iraqi and Arab community in Turkey

- Political, economic and security unrest in Iraq

- The presence of security and stability factors inside Turkey

The cheap cost of living compared to the quality of life in Turkey

- Cultural and religious rapprochement between Arab societies and Turkish society

Russians:

The Russians are among the most popular people to own real estate in Turkey . According to the Turkish Statistical Institute, 2893 housing units were sold to Russian buyers, and the number of Russian tourists who came to Turkey last year reached more than 7 million Russians.

The most important factors that encourage Russian citizens to buy real estate in Turkey:

- The desire of the Russians to own a property overlooking the sea with warm waters.

- The presence of a warm climate in Turkey, unlike the cold climate throughout the year in Russia, in addition to the availability of fresh vegetables and fruits all days of age.

- Low prices, as the recent depreciation of the Turkish lira gave many Russians the opportunity to buy Turkish real estate at a cheaper price than before .

The cost of living and entertainment in Turkey is relatively low compared to Russia

- Allowing Russians to travel to Turkey without the need to obtain an entry visa.

Low-cost flights are available from many Russian cities to Turkey permanently throughout the year.

The new buildings in Turkey enjoy amenities and services that are not available in Russia.

Iranians :

Iranian tourists rank fifth among the citizens of the countries that visit Turkey the most, and the number of residential properties that were sold to Iranians during the first quarter of the year increased by about 97% compared to the same period in the year 2019-2020, and reached 1,864 housing units this year.

The most important factors that encourage Iranians to buy real estate in Turkey :

- The presence of political and economic unrest in Iran

- The presence of security and stability factors inside Turkey

- Existence of US sanctions imposed on Iran

Iranians need to protect the value of their savings

The desire of Iranians to invest and establish companies in Turkey

What are the most prominent cities that attract the largest number of foreigners who buy real estate in Turkey?

According to the statistics of the past year 2019, the ranking of the most cities in which foreigners bought real estate is as follows:

- The city of Istanbul, in which foreigners bought 20,857 real estate

- The city of Antalya, in which foreigners bought 8,951 real estate

- The city of Ankara, in which foreigners bought 2539 real estate

Bursa, in which foreigners bought 2213 real estate