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As reported by analysts, the number of residences sold across Turkey dropped by 38% in July 2022 compared to the previous month, and by 13% compared to the same period in 2021. However, “quantity” is not a reliable indicator of sales “quality”. First, due to the reorientation of foreign investors to the premium segment (the increase in the...
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Turkey has started to gain more attention with the complication of property ownership in Europe and visa issues for Russians. This country used to be one of the focal areas in terms of acquiring a home. Today, it has on the shortlist. Previously the country was associated with the “cheap real estate” concept but now the association is completely...
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93 902 real estate units were sold in Turkey during July 2022. Top cities and foreigners In July 2022, a total of 93,902 residential properties were sold. According to the statistics agency TÜİK, this was 12.9% less than in July 2021. Istanbul traditionally occupies 1st place with 14,350 sales and a share of 15.3% of the total transaction number...
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Turk Estate has collated the latest information and figures regarding types of housing, where foreigners buy in Turkey, and what they are interested in. Three provinces came to the fore, but... everything in turn. Content: June records Antalya Istanbul Mersin June records We will remind you that in June 2022, real estate sales to...
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Some investors selecting seaside homes in Turkey opt for the Aegean Coast, which is famous for its milder climate. There are many locations in this area to choose from besides Antalya, Alanya, Kemer, Side, and Belek on the Antalya Coast with its too-hot summer and high humidity. Most people who have never lived in Turkey are only aware of the...
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At the beginning of summer, the real estate portals Endeksa and Emlakkulisi published data for June 2022 (which was outstanding in terms of the month's sales), for the second quarter/half of the year. A remarkable 150,509 housing units were sold throughout Turkey in June. The volume of transactions increased by 23% compared to the previous month...
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Highest- and lowest-selling cities In June 2022, 150,509 residential units were sold in Turkey. June sales were 11.7% higher than on the same month last year. Istanbul boasts the best performance with 27,988 sales transactions and accounts for 18.6% of their total number. Istanbul is followed closely by Ankara (13,303 transactions, an 8.8%...
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2022 will be an unforgettable year for many investors in real estate in Turkey due to the changing rules regarding upgrades, additions, etc. This began in the spring, when in mid-April the authorities announced that the minimum financial limit for obtaining citizenship for investments would be raised from $250,000 to $400,000. A month later, they...
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The year 2022 has passed its halfway mark, and the real estate market can now summarize results. We are happy to share some statistics from Turkish analysts here. Content: Istanbul’s most expensive districts and their performances Turkey’s most expensive districts based on Q1 performance and their indicators Bursa and Ankara: the most popular...
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The Endeksa analytical platform, known for the most accurate and up-to-date statistics, and referred to by most Turkish media, presented data in its detailed report which was published recently. In June 2022, Endeksa announced the updated prices for residential real estate in Turkey by district, taking into account the figures received in May...
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