Foreigners' Interest in Real Estate in the District Increased
Kucukcekme, which is situated on the European side of Istanbul ranked 12th in the quality life index, became the new attraction point of foreigners in real estate. Foreign real estate investors from Iran, China, Iraq, Azerbaijan and Saudi Arabia were the leading countries in foreign sales in Kucukcekmece.
In 2020, Kucukcekmece became the most favored district by foreign citizens making real estate investments in Istanbul.
EVA Real Estate Appraisal Research and Reporting Manager Seyma Sehirli said that the investments made by foreigners in Kucukcekmece for citizenship acquisition were observed, “As of the end of the 3rd quarter of 2020, Iran, China, Iraq, Yemen, Palestine, Afghanistan, Jordan, Egypt, Romania and Sudan We see that Kuckcekmekmece is amid the top 10 countries that prefer the region the most”.
The local people gave the following information about foreign real estate investments in Kucukcekmece:
"As of the end of the 3rd quarter of 2020, 3.1% of the investments made by foreign investors based on all real estate types in Istanbul based on the area corresponding to the total share were made from the boundaries of Kucukekmece District. Regarding the investments made by foreign investors in Kucukcekmece District based on all real estate types; as of the end of the 3rd quarter of 2020, It is noticed that Iran, China, Iraq, Azerbaijan, Saudi Arabia, Jordan, Palestine Russian Federation, Yemen and Kazakhstan citizens make purchases from Kucukcekmece District"