Overseas buyers of real estate in Turkey often choose to purchase a Turkish property in major cities. The top four cities chosen are Istanbul, Ankara, Izmir, and Antalya.
Turkey continues to be a target for those seeking security in a comfortable apartment, a home for investors wishing to make a successful investment, and a home for visitors interested in the well-being and enjoyment of their lives in the arms of nature or the depths of history.
Therefore, Turkey’s real estate market has seen strong demand from foreigners looking to find property for sale in Turkey. This demand has increased due to the poor conditions in neighbouring countries and the rise in the dollar’s price against the Turkish lira, which has allowed investors to find the best properties at the most suitable prices.
Turkish real estate statistics
Official statistics show that the Turkish real estate sector has seen an extraordinary rise in the last five years, as the amount of real estate sold to foreigners has reached about 138 thousand real estates. It indicates that Iraqis are at the top of the list of foreigners who have purchased 2420 properties in Turkey in the last five years, followed by Saudis who have purchased about 1200 real estate properties. 8987 properties were bought by the Iranians, whose statistics were registered, then 8897 properties were increased by the Russians.
After proving its worth and ability to face challenges and its stability as a competitive sector at all levels, now is the most suitable time to enter the Turkish real estate world.
Foreign buyers chose cities in the following locations:
In the last five years, Istanbul has stayed at the top of the list of best-selling cities for property for sale in Turkey, as its stake accounted for 17% of the overall sales of real estate in Turkey. Foreign investors remained involved in looking for apartments for sale in Istanbul, particularly for apartments for sale in Istanbul, the European side of Istanbul.
This rank acquired and retained by Istanbul is due to many characteristics that distinguish this city that blends in wonderful harmony between the past and the present and brings you before a broad horizon towards the future and transports you from building to building.
In January 2019, real estate sales to foreigners in Turkey increased by 82% compared with the same period in 2018. And the capital, Ankara, was ranked second in the 2018 list of best-selling cities in real estate and accounted for 9.5% of Turkey’s overall real estate sales, retaining this position with 9,491 properties during 2019.
After Istanbul, Ankara is the second-largest city globally, as it is the political capital of Turkey, where diplomatic activities are concentrated, and its position in the centre of the country makes it an important hub of commerce and industry.
After Istanbul and Ankara, Izmir is the third most populous city, and it is situated on the Aegean coast west of Anatolia. Its picturesque climate and charming nature distinguish it. In 2018 and 2019, this city ranked third in the best-selling real estate cities in Turkey.
Antalya, a city situated on the shores of the Mediterranean, is an outstanding tourist destination. In recent years it has become one of the best-selling cities for real estate. Still, in July 2019, it shifted to the second position to take the capital, Ankara.
Situated in southwestern Turkey, Antalya draws visitors because of its magical nature, which blends the sea and the green mountains surrounding it, thus reflecting the coastal slopes between them. Antalya is a famous destination for holidays and attracts foreign tourists from around the world.