Why Istanbul Lead the Way in Turkey’s Real Estate Market?

When considering foreign house sales, Istanbul homes lead the way. The proof is in the stats.In 2021, house sales decreased by 0.5% compared to the previous year and realized as 1 million 491 thousand 856. Istanbul had the highest share in house sales with 276 thousand 223 house sales and 18.5%. Istanbul was followed by Ankara with 144 thousand 104 house sales and 9.7% share, and Izmir with 86 thousand 722 house sales and 5.8% share. In 2021, foreigners bought just over 40,000 homes, and nearly 50% of these were in Istanbul, Turkey’s most significant and biggest city. This indicates that property buyers in Turkey eye up the country for more than just apartments and holiday homes by the sea. Istanbul is not your typical beachside destination. The city is a hub of finance, education, tourism, real estate, and business. Istanbul is also Turkey’s most populated city.

Hence, real estate stats show that Istanbul is a prime investment hub attracting buyers worldwide. It is also where most eligible properties for Turkey’s citizenship by investment scheme sit. So, in our analysis of the Istanbul property market, we look at who is buying, the reasons why Istanbul makes an attractive investment option, where in Istanbul the most amount of properties sell, and how to invest in Istanbul real estate.

Who Buy Property in Istanbul

Turk Stat, the Turkish statical institute, say the foreign nationalities buying into the Istanbul real estate market are , Ukrainians, Russians, Nederlands, Azerbaijanis, Germans, Kuwaitis, Iranians, Kazakhstani, and Brits. In addition, over the last two years, there has been increased interest from other nationalities, including Americans, Canadians, and the Swiss. This proves, Istanbul is an all-rounder attracting home buyers from all over the globe.

Why Invest in Istanbul Real Estate

  • Low, affordable prices compared to other countries like Spain, Portugal, and France
  • Massive portfolio of apartments and villas for sale on both the Asian and European sides of Istanbul
  • Ideal long-term investment with attractive capital growth potential
  • Low cost of living and running a home compared to other countries
  • Quick, simplified, and easy buying process
  • Low, affordable purchasing costs
  • Apply for the Turkish citizenship investment scheme when buying property over $250,00
  • Prominent air travel hub connecting to the rest of the world
  • Food, culture, history, and things to do
  • Infrastructure investment

How to Buy Property in Istanbul – Turkey

When looking at homes for sale in Istanbul, know there is a vast choice, and the buying process is quick and easy to complete if all finances and paperwork are in place. To search for property, browse our portfolio of apartments and villas for sale in Istanbul. Each listing contains everything to know, including price, location, home features, and contact details to find out more or arrange a viewing.

Once you have found your dream property, we step in. We complete the whole process from start to finish. While Turkish law does not require the use of a solicitor, we recommend employing one. They will draw up a contract between you and the seller. We also help with obtaining tax numbers, bank accounts, notaries, and land registry applications. If everything is in place, you can sign your title deeds and receive the keys in as little as a week.

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