138 thousand properties were sold to foreigners

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138 thousand properties were sold to foreigners

During the last five years, from September 2014 to August 2019, the number of properties sales to foreigners reached 137 thousand 869.

2019 was the year in which the highest property sales were sold on a monthly basis, while the highest sales on an annual basis was in 2018.

In the eight months of this year, the number of properties sales to foreigners increased by 50% compared to the same period of 2018 and reached 27 thousand 748 properties.

Especially in January-July period, significant increases were recorded on a monthly basis.

The number of properties sold to foreigners was 39 thousand 663 in 2018, 22 thousand 234 in 2017, 18 thousand 189 in 2016, 22 thousand 830 in 2015 and 7 thousand 205 in the last 4 months of 2014.

Istanbul at the summit, followed by Antalya and Bursa

More than one third (36.4%) of the 137 thousand 869 houses purchased by foreigners in the last 5 years was in Istanbul.

During this period, 50 thousand 247 properties were sold to foreigners in Istanbul, while 12 thousand 355 were sold in 8 months of this year.

There were 14 thousand 270 properties sold to foreigners in Istanbul last year, and 8 thousand 182 in 2017, 5 thousand 811 in 2016, 7 thousand 493 in 2015, and 2 thousand 136 in the last 4 months of 2014.

While the largest number of properties sold to foreigners was in Antalya in 2014, Istanbul was ahead in the following years.

In the last 5 years, 30 thousand 840 were sold from Antalya, 8 thousand 825 from Bursa, 6 thousand 935 from Yalova, 5 thousand 901 from Ankara, 4 thousand 827 from Aydın, 4 thousand 678 from Sakarya, 4 from Trabzon 652 thousand and 3 thousand 773 real estate were sold from Mersin.

Most buyers are Iraqis – Real estate Turkey

Between January 2015 and August 2019, 24 thousand 208 Iraqi citizens bought property in Turkey, ranking first among foreign buyers of real estate in Turkey.

Iraqis were followed by the Saudi Arabia citizens with 12 thousand 11, Kuwaitis with 9 thousand 12, Iranians with 8 thousand 987 and Russians with 8 thousand 579.

In the same period, Afghans bought 6 thousand 319 properties, Germans 5 thousand 273 properties, British 4 thousand 721, Azerbaijani Turks 4 thousand 328, and the Ukrainians 2 thousand 654.

Home sales to foreigners increased dramatically last year due to the high exchange rate and the amendment of the Regulation on the Implementation of the Turkish Citizenship Law.

Turkish real estate was bought by citizens all over the world, even from the island nations.

Edit By: Realty Group


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