Real estate investments for foreign investors rise in the first half of 2019

There are many reasons for foreign investors to buy property in Turkey compared to other countries, thanks to Turkey's strategic position in the center between Europe and Asia, which made it a destination for investors and tourists alike.

Perhaps the political and security stability experienced which Turkey live in is one of the most reasons why Arab investors prefer the option of ownership, which in turn leads to economic stability and this in turn forms the Incubator environment for the success of real estate investment in Turkey.

Also one of the important reasons is the similarity of the nature of the Arab and Turkish society starting from religion and morality to the most basic details of life such as food and clothing.

The Turkish educational atmosphere is also appropriate and harmonious with the Arabic method, which was a real concern for many Arabs in the Western world.

These reasons led to an increase in real estate investment as in the first half of this year, real estate sales to foreigners in Turkey reached a record level of 68.9% compared to the same period last year. According to some data published by the Turkish Statistics Institute, the number of properties sold to foreigners between January and June across Turkey reached 20,000 units this year compared to last year when sales to foreigners throughout Turkey reached around 12,000 units. In addition to being the best half of the year over the past months, June received the lion's share, with total sales for this month around 2,700 units, an increase of 30.5%, the best performance of the months during the year.

Istanbul has remained at the forefront of other states, according to some official data. Among the rest of the Turkish states, the number of properties sold to foreigners during the mentioned period in Istanbul reached 1009 properties in June 2019 compared to 764 properties in June 2018. Antalya came second with 668 properties, followed by Ankara with 134 properties, Yalova with 123 properties, Bursa with 122 properties, Trabzon with 111 properties. 9,000 properties in Istanbul were bought by foreign investors in the first half of 2019, and in the same period 4,000 properties were bought in Antalya, 1100 in Ankara, 1,000 in Bursa, and 800 in Yalova.

As for investors, investors with Iraqi citizenship ranked first among the most foreign investors for real estate in Turkey during the first half, where the number of properties purchased by them 3400 real estate. The Iranians came second with the purchase of 2,200 properties, while Russian investors ranked third with 1,250 properties, the Saudis in the fourth place with 1100 properties, and the Afghans in the fifth place 1000 properties.

The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing in real estate in Turkeyis only a way to gain Turkish citizenshiporreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.