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Housing Sales to Foreigners in Turkey
Raised by 43.7% in 6 Months 2021

Turkey Real Estate News - 12 July 2021 – Istanbul

Housing sales to foreigners from January to June period increased by 43.7% compared to the same period of the last year and became 20 thousand 488 housing units

 

After the announcement of the Turkey real estate sales statistics, important valuations came from the sector representatives.

 

According to the Turkish Statistical Institute (TUIK's) June 2021 Turkey real estate sales data, house sales to foreigners raised by 185.3% compared to the same month of the last year and reached 4 thousand 748.

Property sales to foreigners gave a boost to the real estate industry at a time when house sales were declining periodically.

In this period when the Turkey real estate purchasers from Europe to the Middle East diversified, Canada also entered the list. Black Sea cities such as Samsun and Trabzon draw the attention of foreign real estate buyers with their climate and touristic power in the summer period.

 

 

According to the Turkey property sales data for June 2021 announced by the Turkish Statistical Institute today, house sales across Turkey declined by 29.1% in June compared to the same month of 2020 and became 134,731 housing units.

In the period between January to June, Turkish real estate sales decreased by 11.5% compared to the same period of 2020 and amounted to 552 thousand 810. Housing sales to foreigners, on the other hand, seen a boom by 185.3% compared to the same month of the last year and became 4 thousand 748 housing units in 2021.

 Housing sales to foreigners from January to June period increased by 43.7% compared to the same period of the last year and became 20 thousand 488 housing units.

Acquisition of social immunity with the Covid-19 vaccination process in Turkey, the gradual increase in flight traffic and the performance in tourism have positive effects on the Turkish real estate industry.

Emphasizing that Samsun and Trabzon are among the 10 cities where foreigners buy the most housing in June, the real estate consultants said, “Foreigners invest not only in Istanbul, Antalya and Mugla but also in various cities such as Samsun and Trabzon during the summer period.

 

 

 

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