Amazing Cities for Selling Real Estate to Foreigners in Turkey

In the first quarter of 2020, real estate sales to foreigners doubled compared to 2019.

What can members do?

Housing sales increased by 13.8% compared to the previous year. Thanks to the citizenship advantage for foreigners who make 250.000 USD real estate investment in Turkey, the real estate sales are increasing day by day. According to the data released by TÜİK, a total of 10.948 residential units were sold. With this figure, an increase of 13.8% was achieved compared to the same period of 2019. While the ratio of houses sold to foreigners in total house sales was 3.8% in the first quarter of 2019, this rate decreased to 3.2% in the same period of 2020.

Middle east and global Factor:

In the last couple of years, many countries, especially Arab countries prefer Turkey for real estate or housing investment because of the citizenship advantage offered.

During the first quarter of 2020, having examined all the foreign investments in real estate on the basis of Turkey’s total surface area, which hit shares in general, Jordan takes the first place. Palestine, Saudi Arabia, Dominica, Iraq, Qatar, Afghanistan, Egypt, Iran and the United States, which replaced Saudi Arabia as the first of the previous year in this category. However, Iranian investors also took the first place for the concept of housing sales in Turkey. Iran was followed by Iraq, the Russian Federation, Afghanistan, Palestine, Yemen, Azerbaijan, Germany, Libya and China.

Konya, Manisa and Sakarya are Surprising Cities

When we look at purchases in the most preferred provinces in terms of all real estate types, Konya was the most preferred foreigners in real estate investments in the first quarter of 2020 on the basis of face measurement, while Konya province was Manisa, Istanbul, Antalya, Edirne, Sakarya, Denizli, respectively. When we look at the list, we can also find some important cities like Bursa, Muğla and Aksaray.

Finally, southern cities of Turkey like Antalya, Muğla and İzmir are preferred by European and American investors. According to the data, one investor from Tunisia, Tajikistan, Rwanda, Reunion, Peru, Niger, Monaco, Malta, Libya, French Polinesia, Philippines and Andorra all have a property or even more in Turkey.