Statistics of the Real Estate Market in Turkey in the First Half of 2019
The real estate sector in Turkey is one of the most important pillars of the Turkish economy.
In recent years, there has been a remarkable rise in the real estate sector in Turkey.
We at “Estate Nation” have written about the developments in the real estate market of Turkey in 2018. We have explained the reasons for the development of the Turkish real estate sector from a stable and prosperous tourism environment and the wide options for real estate investment Turkey territory.
The people who follow the real estate sector in Turkey is well aware that the real estate sector remains one of the best investment areas in Turkey. The growth of this market has not been purely coincidental. It is the inevitable result of a tight plan developed by the Turkish government, which has taken great care to attract both Turkish and foreign investors, after giving them many advantages and incentives, especially constitutional amendments that give foreigners the opportunity to acquire Turkish citizenship after buying a property of 250 thousand dollars.
You will not be able to find a golden opportunity better than a strong Turkish passport with a winning investment, to start a new life full of hope.
Statistics of the real estate market in Turkey in the first quarter of 2019:
The sector has proven its ability to continue by the beginning of 2019. Sales for the first three months of this year were 9618 properties sold to foreigners, up from the previous year’s figure of only 5298.
Istanbul property investment has been the most attractive sector for both Arab and foreign investors. This city is still able to draw the attention of thousands of investors wishing to buy property in Istanbul. The number of properties sold to foreigners during March alone reached 1520, 17% over the same period last year.
The city of Antalya is second to Istanbul, according to statistics from the Turkish Statistics Authority, then Ankara, the capital, then Bursa, then Yalova, and Skaria.
On the head of buyers list there are the Iraqis with 548 buyers, followed by the Iranians, then the Saudis, then the Russians, and then the Afghans.
Statistics of the real estate market in Turkey in the second quarter of 2019:
The second quarter of 2019 witnessed a slight decline in the proportion of real estate property for sale in Turkey, with the number of properties sold throughout the country declining slightly by the Turkish Statistical Agency in June and May.
Istanbul was ranked first with 10,000 and 60 properties sold, followed by Ankara, the capital, and Antalya.
The Iraqis were also at the top of the list registered buying 429 properties during the month of June, followed by the Iranians and then the Russians.
However, the “Anatolia Agency” reported that sales of the first third of 2019 registered an increase of 82% compared with the same months of 2018.
The agency quoted the Turkish Statistics Institute that 13 thousand and 338 apartments sold in that period for foreigners only, and that sales in April alone amounted to 3 thousand and 720 properties.
Is it time to buy a property in Turkey now?
This question remains true in light of the crises experienced by the country, with the price of the Turkish lira against the US dollar.
To answer this question from our experience in the Turkish real estate market, we say: Turkey has witnessed many political and economic crises that have not been able to weaken its cohesive economy and the strong real estate sector in particular. In fact, recent years witnessed an urban revival under these crises. Turkey’s ability to overcome the crisis without being affected by the local economy negatively.
The risk in buy property in Istanbul turkey is also likely to be present in any investment. The real estate investment also shows that the high investment return on investment in real estate in Turkey makes this risk non-existent when compared, especially with the investor being able to get the installment opportunities he is allowed to monitor Market prices and currencies.
It is known to any investor that investment in the real estate market is a long-term investment and it takes at least five years to achieve the desired returns, which gives the real estate sector stability and independence often, and with the monitoring of population growth in Turkey, which is 2% per annum, On property internally in the country, leading to higher property prices, which means increasing the capital of real estate investors who were able to get their chance now to buy a property at the cheapest prices with the low price of the Turkish lira, which comes in the interest of the investor first, apartments for sale in turkey in Turkey, the Turkish lira compared to the US dollar makes it very cheap.
The price finder in Istanbul for sale finds himself comfortable when he knows that he can get his house at the cheapest prices in many of the modern housing projects within the large transport networks in the city, if you are seeking for real estate companies in Istanbul or want to know about Istanbul real estate news , you can contact us to see the latest projects with all the specifications you want, You can also consult our team for the best real estate investment in Istanbul, Contact now.
