Statistics on real estate investment in Turkey

This article aims to provide comprehensive information about real estate investment statistics in Turkey and the most important factors affecting that statistic

Real estate investment in Turkey is a golden opportunity not to be missed, especially since Turkey is considered one of the most attractive destinations for real estate investment in the real estate sector in the world, as it enjoys a vital strategic location, an active economy and a rich culture and through its continuous development and the encouraging government orientation, Turkey has witnessed a remarkable boom in the real estate market in recent years.

This article aims to provide a comprehensive overview and statistical information about real estate investment in Turkey, focusing on sustainable growth and promising opportunities. In this article, we will discuss the most prominent statistics and analyzes that reveal the size and development of real estate investment in Turkey.

Statistics on real estate investment in Turkey, first quarter of 2023

In the first month of the first quarter of 2023 (January), about 2,850 properties were sold to foreigners and in the second month (February), the number of properties sold was about 3,720 properties and in the third month (March), the number of properties sold to foreigners reached about 4,356 properties.

Although the first quarter of the year is not the most attractive season for foreign investors in Turkey, it is witnessing good activity in the real estate sector, despite the challenges that the real estate market in Turkey faces during this period.

The reasons for the boom in real estate investment in Turkey

1. The real estate market in Turkey has been experiencing strong growth over the recent years.

2. Turkey enjoys a strategic location that makes it a bridge between Europe and Asia.

3. It has an active and diversified economy that supports real estate growth.

4. Turkey offers programs to attract foreign investors to obtain Turkish citizenship or residency.

5. The demand for housing in Turkey is high, which enhances real estate investment opportunities.

6. Turkey provides real estate at reasonable prices compared to some other real estate markets.

7. Foreigners can obtain full ownership of real estate in Turkey.

8. Turkey is relatively politically stable compared to many other countries in the region.

9. There are many major real estate projects and urban developments in various parts of Turkey.

10. Turkey provides a protected legal system that protects the rights of investors.

11. Turkey has developed high quality infrastructure in many cities.

12. It is a popular tourist destination and attracts a large number of tourists annually, which boosts the tourist rental market.

13. Good returns can be achieved from real estate investments in Turkey, whether from rent or from increasing the value of real estate.

14. Turkey provides various financing and credit options for real estate investors.

15. Some areas in Turkey are witnessing a significant increase in real estate prices, which enhances profit opportunities.

16. Major cities in Turkey are witnessing large-scale real estate development projects.

17. The Turkish government is working to improve and simplify government procedures to make real estate investment easier.

18. Turkey has an active commercial market that enhances investment opportunities in commercial real estate.

19. Turkey has a rich history and culture, which makes it an attractive destination for heritage property investment.

20. It has beautiful landscapes and wonderful tourist areas, which supports investment in tourist real estate.

Is real estate investment in Turkey affected by economic stability?

1. The stability of the economy affects the strength of demand for real estate and in the case of a stable economy and sustainable growth, the real estate market may witness an increase in demand from local and foreign investors.

2. It affects the purchasing power of individuals and companies and if the economy is strong and stable, this enhances the ability to invest in and buy real estate.

3. It affects interest rates and availability of financing, in case interest rates are low and financing is well available, investors can easily access financing to invest in real estate.

4. The stability of the economy increases confidence in the real estate market. Investors tend to invest when they feel stable and safe in the real estate market.

5. Economic stability affects government laws and policies related to real estate investment and stability may lead to stabilizing policies and providing a favorable investment environment.

The future of real estate investment in Turkey

1. Turkey has been witnessing strong and sustainable economic growth over recent years, and this boosts the demand for real estate.

2. There is a strong trend towards urban development and infrastructure in Turkey, with major projects that have strengthened the main cities and tourist areas.

3. Turkey has a strong residential market and is a popular tourist destination, which supports the demand for residential and tourist real estate.

4. The Turkish government pays great attention to the real estate sector and adopts policies that encourage real estate investment by local and foreign investors.

5. Turkey provides a legal environment that protects the rights of real estate investors and enhances confidence in the market.

6. Programs for obtaining Turkish citizenship and residency for foreign investors enhance real estate investment in Turkey.

7. There is a growing interest in environmentally friendly and sustainable real estate investment, and Turkey is witnessing an increase in green real estate projects.

The impact of tourism on real estate investment in Turkey

1. Turkey is a famous tourist destination and attracts a large number of tourists from all over the world and this increases the demand for tourist real estate such as hotels and hotel apartments.

2. There are great opportunities for renting real estate to tourists, especially in the main tourist areas and tourist rent is a profitable source of return on real estate investment.

3. Real estate in tourist areas is affected by the increase in demand, which leads to an increase in its value in the long run and investors can take advantage of this increase in value when selling real estate in the future.

4. The growth of the tourism sector enhances the improvement of infrastructure in tourist areas, such as roads, airports and public facilities and this enhances the attractiveness of these areas for real estate investment.

5. There are many major tourism projects in Turkey, such as luxury resorts and integrated communities, real estate investors can take advantage of these opportunities to invest in tourist real estate.

Common questions

What are the most important real estate cities in Turkey?

Cities like Istanbul, Antalya, Bodrum and the third city have great importance in the Turkish real estate market.

Can foreigners buy real estate in Turkey?

Yes, foreigners are allowed to buy real estate in Turkey under the current laws and foreigners must obtain a purchase permit from the Turkish Ministry of Interior.