Despite the global health and economic circumstances, the demand for apartment inventory and real estate investment in Turkey has not decreased. Real estate investment is a safe way to preserve and develop capital and get rewarding benefits such as Turkish citizenship and real estate ownership remotely.
Real estate investment in Turkey has become one of the most prominent and prosperous investment sectors, thanks to the great attention paid by the Turkish government for this sector, besides the facilities and tax cuts occasionally. This has encouraged local and international investors to enter the Turkish real estate market, and utilize the available investment advantages and opportunities, besides the rewarding profit rates. In this article by Binaa Investment, we address many indicators and statistics that confirm the solidity of the real estate sector in Turkey and its continuous prosperity.
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Official statistics of the real estate investment movement in Turkey indicate an increase in foreign investors’ demand to enter the real estate investment race in Turkey, thanks to the high-security rate as a result of the continuous supply and demand movement, besides the excellent facilities in deals and legal procedures provided by the government to investors.
Iraqi citizenship holders are on the top of foreign investors map, who are the most present in the Turkish real estate investment market in 2019, by purchasing 7.596 properties. While; Iranians ranked second by 5.423 properties.
They are followed by Russians by 2.893 properties. The Saudis came fourth in the real estate investment race by 2.208 properties. And Afghans by 2.191 properties.
At the national level, sales percentage increased between 2019 and 2020 at good rates, as shown by the following statistic.
The Endeksa platform, which is specialized in digital statistics for the Turkish real estate market, addressed some significant figures about the real estate inventory in Turkey.
At the beginning of 2020, according to specialists, the real estate inventory for investment in Turkey reached about 900 thousand apartments; the first three places were for three major states.
Of course, Istanbul ranked first at the level of the Turkish states, with a share of 260 thousand apartments. Followed by the capital, Ankara, with about 130 thousand apartments, and then the state of Izmir with 76 thousand apartments.
While the state of Hakkari appended the arrangement of real estate inventory with 35 thousand residential units, and the rest of the apartments were distributed over Bursa, Gaziantep, Antalya, Mersin and the rest of the 81 Turkish states.
The Turkish real estate market is considered a substantial competitor to its counterparts in Europe and the countries in the region. It is a promising market and offers suitable profit margin opportunities for local and foreign investors.
In addition, the Indexa website has published recent statistics on the price per square meter of the residential apartments in Turkey for April 2021, as it reached about 2.920 Turkish liras per square meter.
According to the statistical site, in terms of the price per square meter of residential apartments, Mugla has been ranked among the most expensive cities, at approximately 6.900 Turkish liras per meter. As for Istanbul, the average price per square meter is 4.337 Turkish liras.
The Turkish real estate sector is growing fast, at a steady pace, due to the great attention paid by the government to this sector and the encouragement of foreign investments in it. The following are some of the advantages allocated to real estate investors in Turkey.
Despite the global health circumstances and the repeated lockdown in many countries and airports globally, the demand for purchasing real estate in Turkey has not declined during 2021.
But rather, the demand is expected to increase in summer, in terms of foreigners’ interest in real estate investment in Turkey, which is reflected in the sales figures for the first quarter of the year compared to the same period last year.
There is a growing interest in facilitating legal matters and procedures for online purchasing real estate remotely in Turkey for the foreign investor, which means greater confidence and better flexibility to attract more capital in hard currency by increasing real estate sales.
Through the highest security rate and the Turkish government guarantee in many projects, the real estate field in Turkey is a golden opportunity for profitable investment. It is a dynamic market considering constant supply and demand, making it viable. Not to mention the continuous support and incentives provided by the Turkish government.
Thus, it is a real opportunity for everyone who plans to settle or invest in Turkey reliably and securely.
Contact the Binaa Investment team today in your preferred language, and we will be happy to provide your requests among the best real estate opportunities in Turkey quickly.
Edited by: Binaa Investment ©
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