Great progress in real estate sales to foreigners in Turkey during the month of September 2020, achieving a noticeable increase compared to the statistics of the same month in 2019, which reflects a clear recovery after a critical period with the spread of the Coronavirus in Turkey during the previous months. 

The following is a report prepared for you by Fanar Realty, based on the statistics of the National Institute of Statistics in Turkey on the volume of real estate sales to foreigners in Turkey during September 2020, with accurate analyzes and important detailed information.

We wish you a good follow-up

The volume of real estate sales to foreigners in Turkey - September 2020 

The number of houses in Turkey that were transferred to foreign owners reached about 5,349 houses during the month of September 2020, and this number exceeded the rest of similar real estate statistics. We explained this in the following table:

 

September

August 2020

September 2019

  

Number of properties sold to foreigners 

5349

3893

4177

The percentage increase compared to the September statistic 2020

ـ

37.4%

28.1%

Average number of Properties sold per day 

178

126

139

Average daily increase compared to September statistics 2020

ـ          

52

39

Number of properties sold in all Turkish states 

136744

170408

146903

The percentage of foreigners in the total real estate sales in Turkey

3.9%

2.3%

2.8%

 

States that foreigners prefer to own real estate in general

The ranking of the most preferred states for real estate ownership in Turkey is fixed, especially the first four states:

  • Istanbul

  • Antalya

  • Ankara

  • Bursa

The difference lies in the volume of real estate sales witnessed in these states by foreign residents, and the idea of ​​real estate ownership in Turkey is still one of the ideas that attracts thousands of foreigners every month.

Monthly Statistics of Turkish States - September 2020

We have prepared for you this statistical study of the most Turkish states selling real estate to foreigners during September 2020, with an explanation of the rates of change "increase or decrease" for each state compared to the statistics of the same month of 2019, based on the latest official statistics provided by the National Institute of Statistics in Turkey.

The state

The number of real estate sales to foreigners during

Percentage change 

September 2019

September 2020

Istanbul

1924

2370

23.18%

Antalya

744

1018

36.83%

Ankara

239

347

45.12%

Bursa

213

239

12.21%

Mersin

84

191

127.38%

Yalova

141

168

19.15%

Sakarya

136

127

- 6.62%

Izmir

54

107

98.15%

Samson

98

104

6.12%

Aiden

84

93

10.72%

Other states

560

585

- 4.46%

The comprehensive statistics of the Turkish states (January-September 2020)

Although the real estate sales statistic for foreigners in Turkey during September 2020 outperformed its peers from other monthly statistics, the total real estate sales from the beginning of the year to the end of the ninth month are still below the real estate statistic for the same period last year due to the Corona crisis that swept the whole world during The second third of this year, and some of its effects are still present.

Whereas real estate sales to foreigners in Turkey during this period amounted to about 26,165 properties, compared to 32,268 properties in the same period in 2019, meaning that the decrease in real estate sales was by 18.91%, and the following is this comprehensive statistic:

 

The State

Number of real states sales to foreigners ( January-September 2020

Istanbul

11966

Antalya

5125

Ankara

1829

Bursa

882

Mersin

819

Yalova

821

Sakarya

555

Izmir

615

Samson

589

Aiden

416

Other states

2849

 

The Turkish states’ share of real estate ownership for foreigners

To continue talking about the Turkish states that are most preferred by foreigners to own real estate, settle and reside there, we have prepared the following table for each state's share of total real estate sales in Turkey during September 2020:

The state

Percentage share of the total real estate ownership of foreigners 

During September 2020

From January to September 2020

Istanbul

44.31%

45.73%

Antalya

19.03%

19.59%

Ankara

6.49%

6.99%

Bursa

4.47%

3.37%

Mersin

3.57%

3.13%

Yalova

3.14%

3.54%

Sakarya

2.37%

2.12%

Izmir

2%

2.35%

Samsun

1.94%

2.25%

Aiden

1.74%

1.59%

Other states

10.94%

10.89%

After an extensive and detailed acquaintance with the accurate statistics, numbers, and percentages of real estate sold to foreigners in Turkey, it remains for us to talk about the nationalities of foreign residents who owned real estate in Turkey during September 2020.

Most foreign communities own real estate in Turkey

When we talk about real estate sales to foreigners in Turkey, we must talk about the nationalities of these foreigners and study the reasons that motivate them to own real estate in Turkey, in addition to studying and analyzing the options of foreigners according to their nationality.

The statistic of foreigners who own the most real estate in Turkey - September 2020 

The following is the statistic for the most 20 Arab communities who owned real estate in Turkey during September 2020 and the percentage of change in the number of properties they owned compared to the same month in 2019:

Country

The number of real estate to foreigners during

Percentage change

September 2019

September 2020

Iran

489

908

85.68%

Iraq

781

826

5.76%

Russia

248

448

80.64%

Kuwait

191

241

26.18%

Kazakhstan

68

222

226.47%

United Kingdom

139

197

41.73%

Azerbaijan

118

183

55.08%

Afghanistan

182

166

- 8.79%

German

145

161

11.03%

Yemen

121

159

31.40%

Jordan

151

134

- 11.26%

Palestine

92

123

33.70%

Lebanon

62

114

83.78%

Egypt

73

97

32.88%

China

29

84

189.66%

United States

59

81

37.29%

Libya

103

79

- 23%

Ukraine

55

73

32.73%

Sweden

69

72

4.35%

Qatar

70

71

1.43%

Other countries

972

910

- 6.38%

 

Comprehensive Statistics (January - September 2020)

Great competition between Iraqis and Iranians to increase real estate ownership in Turkey, and Arabs in Turkey still receive a good percentage of total real estate sales, despite not being on the list of the most foreign communities who own real estate in Turkey.

We have explained all these details in this table:

Country

Number of real estate sales to foreigners from January to September 2020

Iran

4716

Iraq

4165

Russia

1895

Kuwait

711

Kazakhstan 

664

United Kingdom

676

Azerbaijan

883

Afghanistan

1277

German

847

Yemen

769

Jordan

709

Palestine 

627

Lebanon

467

Egypt 

504

China

659

United States

327

Libya

428

Ukraine

515

Sweden

343

Qatar

305

Other countries 

4979

 

The share of foreign communities in real estate ownership in Turkey

Before we talk about foreign ownership in Turkey, it remains to talk about the share of each foreign community in real estate sales in Turkey, as shown in the following table:

Country

Percentage share of foreigners in the total real estate ownership of foreigners 

During September  2020

January to September  2020

Iran

16.98%

18.02%

Iraq

15.44%

15.92%

Russia

8.38%

7.24%

Kuwait

4.50%

2.72%

Kazakhstan

4.15%

2.54%

United Kingdom

3.68%

2.58%

Azerbaijan

3.42%

3.35%

Afghanistan

3.10%

4.88%

German

3%

3.24%

Yemen

2.97%

2.94%

Jordan

2.51%

2.71%

Palestine

2.30%

2.40%

Lebanon

2.13%

1.78%

Egypt

1.81%

1.93%

China

1.57%

2.52%

United States

1.51%

1.25%

Libya

1.48%

1.64%

Ukraine

1.36%

1.97%

Sweden

1.35%

1.31%

Qatar

1.33%

1.17%

Other countries 

17.01%

19.03%

 

Expectations of real estate ownership in Turkey until the end of 2020

Based on the previous statistics, we can talk about great progress in the real estate purchase sector in Turkey by foreigners, that is, at least this sector will maintain an average increase rate between 25 to 30% during the month of October.

  • That is, the number of properties sold to foreigners in Turkey during the month of October 2020 may reach at least 6,700 properties.

  • Due to the reduced risk of the Coronavirus and its spread in the country, as well as the return of many foreign countries to re-flights between them and Turkey, it opens more hopes for an increase in the demand for foreigners to buy real estate in Turkey.

  • Also, on a related level, the procedures for real estate ownership in Turkey via the Internet, and without the need for the personal presence of the buyer, have contributed and will subsequently contribute to increasing the number of real estate sales in Turkey, as this represents the ease of the ownership process.

  • The months of October and November of each year represent the peak of the demand for real estate ownership by foreigners, which means that the total number of real estate sales is likely to increase to reach the limits of 38 to 42 thousand properties for foreigners by the end of 2020, at least expected estimates.

 

Fanar Realty in Turkey is always keen to provide the most accurate and necessary information regarding the real estate sector in Turkey, and we periodically provide you with official statistics and reliable economic analyzes, so that we will remain as you have promised us, "your beacon in Turkey". 

Source: National Institute of Statistics in Turkey