Real estate sales in Turkey always reflect the state of the real estate market and the continued interest in real estate investment in this beautiful country and during the first months of this year, Turkey witnessed remarkable activity in the real estate market, as real estate sales and investments increased significantly and this period witnessed exciting developments and multiple challenges for the real estate sector, making it important to explore and analyze market performance and the factors that influenced real estate sales in Turkey.
Details about real estate sales in Turkey during the first 9 months
Residential apartment sales to foreigners in Turkey witnessed a significant increase during September 2023 and according to statistics published by the Turkish Statistics Authority, the number of residential apartments sold to foreigners in that period exceeded 28 thousand apartments during the first nine months of the year and while the number of apartments sold to foreigners during September 2023 reached about 2,930 apartments, representing 2.9% of the total general sales of residential apartments in Turkey during that period and these numbers reflect the continued increasing interest of foreign investors in the real estate market in Turkey.
Advantages of real estate investment in Turkey
- Turkey has a strong and diversified economy that supports real estate investment.
- Turkey is located at the intersection between Europe and Asia, making it a vital communication point.
- Turkey offers a variety of real estate options including apartments, villas and hotel apartments.
- Turkey offers real estate at affordable prices compared to many other European countries.
- Many real estate projects include complete facilities such as swimming pools, gyms, and entertainment areas.
- You can easily rent your property in Turkey due to the high demand for rent.
- Turkey allows foreigners to fully own real estate, and offers advantages to investors.
- Good returns can be achieved on real estate investment in Turkey.
- Properties in Turkey often come with modern designs and modern facilities.
- Some nationalities obtain a residence visa when purchasing a property in Turkey.
- Increased tourism increases short-term rental opportunities
- Turkey is investing in modern infrastructure, including roads, airports and ports.
- The real estate market is active due to many new projects.
- Turkey offers a mixture of cultures and traditions.
- Turkey is full of attractive places like Istanbul and Cappadocia.
- Turkey offers a high quality of life at affordable prices.
- Turkey has internationally recognized universities.
- English is widely used as a second language.
- Turkey has a developed transportation network.
- Turkey is experiencing sustainable economic growth.
- Turkey is considered a safe country for investors and residents.
- Real estate laws protect buyers' rights.
- Turkey is technologically advanced which makes life more comfortable.
- Turkey has a moderate climate with varied seasons.
- Providing easy financing options for buyers.
- Turkey attracts investors from all over the world.
- Many properties are located on beaches and offer panoramic views.
- Turkey offers reliable legal procedures to ensure the security of deals.
- A good healthcare system is available to residents.
- Turkey provides sustainable investment opportunities in real estate.
- An opportunity to obtain Turkish citizenship and a Turkish passport when purchasing a property in Turkey worth 400 thousand US dollars
How to make profits from real estate in Turkey ?
- You can buy an apartment or villa and rent it to tenants and ensuring the quality of the location and facilities close to transportation and services increases the attractiveness of your property to tenants.
- You can buy apartments in well-known hotels and rent them for short periods to tourists and this can be profitable especially in tourist areas.
- Buying apartments in Turkey and selling them later after their prices rise, as real estate can increase in value over time.
- Buying a commercial property in Turkey and renting it to companies or stores can be profitable. You can benefit from the rental income from these properties.
- Renting real estate in Turkey to companies or institutions can be profitable, especially in commercial cities.
- Making profits from selling real estate in Turkey after its value increases over time.
- You can buy old properties in Turkey, renovate or rebuild them, and then sell or rent them at higher prices
- Investing in large real estate projects such as residential complexes or hotels can be profitable, provided there is good research and analysis.
The future of real estate ownership in Turkey
- Turkey is experiencing sustained and ongoing economic growth, which drives demand for real estate.
- Population growth contributes to the increasing demand for residential real estate.
- Turkey is considered a distinctive tourist destination, and the increase in tourism increases the need for residential units and hotel apartments.
- The Turkish government provides benefits and facilities to foreign investors.
- Improving infrastructure including roads, ports and airports increases property values.
- Turkey offers a variety of types and prices in real estate.
- Turkey's geographical location makes it an easy access point from many countries.
- Turkey is relatively politically and economically stable.
- Some nationalities obtain a residence visa when purchasing a property in Turkey.
- Technological innovation increases the attractiveness of real estate and facilitates procedures.
- The presence of international schools makes Turkey a destination for families looking for international education for their children.
- Turkey is working to improve regulations and legislation to attract more investors.
- Turkey is working to strengthen its role as an economic and commercial center in the region.
In conclusion, the data and statistics published for real estate sales in Turkey during the first nine months of this year reflect positive development and stability in the Turkish real estate market and thanks to many positive factors such as the strong economy, diversity in property types, tourist attraction, and the government's friendly real estate investment policy, the market continues to offer distinctive investment opportunities.
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