imtilak logo

Rise in Foreign Ownership of Property in Turkey: 1.4 Million Apartments Sold During 2018

: 2019-01-16 Modified date : 2019-02-18

Rise in Foreign Ownership of Property in Turkey: 1.4 Million Apartments Sold During 2018
+ Font Size -
40 like
Turkish statistics agency revealed new figures relating to the high rate of foreign ownership of real estate in Turkey and the number of properties sold in Turkey during the year 2018.
According to a new statistic released on Wednesday 16 January 2019 by the Turkish Statistics Agency, the number of properties sold in Turkey during the year 2018: 1375,398 apartments, an increase of 2.4% compared with the same sales in 2017.

Turkey's real estate sales distribution between cities

Istanbul topped the list of the best-selling Turkish states with 235,000 apartments and 55 percent of the total real estate sales in 2018.
Ankara ranked second with 131,161 apartments, 9.5 percent of total sales across Turkey.
While Izmir ranked third in the list of best-selling residential apartments, with 75 thousand and 672 apartments, and by 5.5 percent.

City

Number of properties sold

The percentage of total real estate in Turkey

Istanbul

                 235,055  

17%

Ankara

                 131,161  

9.50%

Izmir

                   75,672  

5.50%

Foreigners’ property ownership: The most purchased nationalities in Turkey

The proportion of foreign ownership of real estate within the sector sales of apartments in the year 2018 increased by 78.4 percent, compared with sales in 2017.
According to statistics, the number of apartments sold to foreigners last year, 39 thousand and 663 apartments.

Buying an apartment in Istanbul

Iraqis have topped the list of foreigners who bought houses in Turkey last year. The number of homes sold to Iraqis reached 8,255, followed by Iranians with 3,625 apartments and Saudis with 2,170 and 718 homes.

While the Russians were fourth with two thousand and 297, and the Kuwaiti fifth with two thousand and 199 houses.

Nationality

Number of houses sold to foreigners

Iraq

8,205  

Iran

3,652  

Saudi

2,718  

Russia

2,297  

Kuwait

2,199  

The ranking of Turkish cities with a high number of foreign ownership of properties

The city of Istanbul topped Turkish cities in the foreign ownership properties, with 14,270 apartments, followed by Antalya in second place with 7 thousand and 938 apartments, and the third Bursa in the two thousand and 720, and the capital Ankara forth with two thousand and 133 houses.

City

Number of properties sold

Istanbul

 14,270  

Antalya

7,938  

Bursa

2,720  


Edited by: Imtilak Real Estate ©
Source: Turk Press
+ Font Size -

Subscribe To Our Newsletter

to know more about the latest real estate offers


Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them