The volume of residential real estate sales in Turkey in 2019 amounted to almost 1.35 million properties, which is 2% lower compared to sales in 2018, according to TurkStat, Turkey’s official statistical body (Turkish Institute of Statistics).
Overall, sales figures for 2019 were 26,669 units less than in the previous year. The primary real estate market accounted for 511,682 sales, representing 37.9% of the total; The number of transactions with secondary housing – 837,047 (62.1%). 45,483 properties were sold to foreign buyers, which is 14.7% more than in the same period last year.
Real estate for sale in Turkey in 2019
Content:
- Home Sales Statistics
- Buying property in Turkey
- Purchase of real estate by foreigners
- Real estate in Istanbul
- What are the reasons why foreign nationals buy a home in Turkey?
Home Sales Statistics
Fig.1 Statistics of housing sales in Turkey
According to the current data of the Turkish Institute of Statistics, the sales of residential real estate in the Republic of Turkey for 2019 amounted to about 1.35 million. Objects. Of this indicator, about 38% accounted for the primary housing market, the secondary fund was 62%.
Every year, the Eastern country is visited by a huge number of citizens from around the world. A particularly increased flow of foreigners is observed during the summer season in Turkey. Moreover, the purpose of the visit is different:
Buying property in Turkey
If you want to buy real estate abroad by the sea, then the solution of this issue should be treated with increased attention. In order to make it easier to make your choice, it is optimal to contact one of the reliable local real estate agencies.
Specialists, having listened to all your wishes, will definitely offer rationally profitable options and tell you in detail about all the features of the purchase and sale transaction.
In large real estate databases, a huge variety of offers are presented. Such a choice will satisfy the needs of even demanding customers. The final cost of residential square meters depends on the location of the housing stock, the development of infrastructure, and the equipment of the rooms.
If you need information on the rating of real estate in Turkey, then the specialists of the agency where you will apply will reasonably answer the question posed.
Fig.2 Statistics of housing sales in Turkey
In the resort state, the construction of buildings for various purposes is carried out according to modern, world standards. The construction of foreign real estate is carried out smoothly, quickly and without loss of quality. The commissioning of the finished facility is carried out by a specialized commission, which imposes rather stringent requirements for new buildings.
Purchase of real estate by foreigners
Every year, foreign nationals carry out purchase of real estate abroad. Answering the question: “Where is the best place to buy property in Turkey?”, It is worth citing the following: Rating of real estate sales. In the Republic of Turkey over the past 2019, a greater number of transactions for the purchase and sale of real estate were carried out by citizens of Iraq, followed by Iranians, and then Russians, residents of Saudi Arabia and Afghanistan.
Real estate in Istanbul
Istanbul is considered the most attractive Turkish city for the purchase of real estate. In 2019, more than 240 thousand transactions were made in the main tourist center of the warm country.
The peak of registration occurred in the hot months of summer (July, August). For the active sale of real estate after Istanbul, it is worth noting Antalya, Ankara, Bursa and Izmir, located on the Aegean coast.
What are the reasons why foreign nationals buy a home in Turkey?
Fig.3 Statistics of housing sales in Turkey
- Citizenship.
The Republic of Turkey offers an affordable investment program. Subject to the purchase of a property worth more than 250 thousand dollars, the buyer becomes the owner of a Turkish passport.
- Comfortable living conditions, affordability.
Compared to many European countries, the cost of housing in Turkey is at a fairly acceptable level. Living conditions are decent. Good medical care will also please.
- Warm, mild climate.
- Picturesque nature and clean ecological conditions.
- The presence of a large number of landmark monuments of ancient architecture and modernity.
You can talk about the advantages of a colorful and hospitable country, which is included in the rating of real estate countries by the sea, for a long time, it is better to see everything once and make a decision on making investments in foreign real estate.