Housing Purchase of Foreigners
Raised by 37.76% in Jan 2020

The number of housing purchases by foreigners who want to become homeowners in Istanbul and Turkey also did not slow down in January.

Turkey; with its historical and natural beauties, hospitality, mega investments and modern living spaces, allows foreign citizens to invest in real estate.

In recent years, with the amenities provided by the Turkish government obtaining Turkish citizenship with 250 thousand US dollars of foreign investment in real estate, makes Turkey, especially Istanbul even more attractive in the eyes of foreign investors to invest.

Increasingly ongoing mega projects, transportation facilities and the production of qualified housing projects with modern architecture also make Istanbul one of the most preferable cities in terms of real estate investment.

Offering the right real estate opportunities for investment and living, Istanbul also offers unique opportunities for foreigners with its job opportunities.

What is the Number of Housing Sales to Foreigners?

According to the Turkey Statistical Institute (TSI)'s current data, the number of foreigners buying a house in Istanbul increased by 37.76% in January 2020 compared to January last year. 

Throughout Turkey, this rate is recorded as 23.28% in January 2020.

Which Countries Buys House from Turkey?

In January 2019 the top 5 countries that bought houses from Turkey in the rank were; Iraq, Iran, Russia, Saudi Arabia and Afghanistan.

In January 2020, while the top 3 countries protecting their place in the ranking; Afghanistan is placed as fourth and Yemen is placed in fifth. Germany, which ranked seventh last year, moved up to 6th place in January this year.

The first 15 foreign nationals who buy from Turkey, respectively; Iraq, Iran, Russia, Afghanistan, Yemen, Germany, Kuwait, Saudi Arabia, Jordan, Palestine, Azerbaijan, Lebanon, Egypt, China and Libya.

It is noteworthy that China, which was not among the top 15 countries last year, was ranked this year.