In recent information released by the Turkish Statistical Institute, Turkish property sold to foreigners in September reflected a 75% increase on figures from the same time last year. Across the country, foreigners of various nationalities bought 2,234 homes intended for residential use.

Industry experts from Spot Blue International Property are excited by the news, saying the result reflects confidence in Turkey as well as its foreign investment plan. They credit various incentives such as tax reductions and VIP citizenship for attracting international buyers. Given the result, they are predicting record Turkish house sales in 2017 to foreigners. The growth is also in line with the record number of houses sold to Turks.

Most popular areas for foreign property buyers

Out of the total number of homes bought, 797 were in Istanbul, Turkey’s largest metropolis that has always been number one for real estate purchases by foreigners and Turks. The city is now transforming by building new homes, and skyscrapers projects dominate its portfolio. Istanbul constructors are offering affordable long-term payment plans, which could likewise be attracting the eye of potential buyers.

The next most popular destination was Antalya. This region stretching along the Mediterranean coast has always been the second most popular destination for holidaymakers and expats who live permanently in Turkey. The lucrative tourism industry likewise captures the attention of buyers looking to make investments work for them by renting them out as holiday homes.

Part of the reason for Antalya’s success is the diversity of its coastal resorts. Kemer is home to many state-of-the-art golf courses while Side is known for its historical ruins in the centre of town. Alanya is on the verge of becoming a city thanks to its growing population while Antalya city centre offers vibrant nightlife and shopping facilities as well as being a hub of the Turkish Riviera.

The most surprising results came from the Aegean region of Aydin sharing third place with Trabzon and Bursa, reflecting a rise in popularity of homes sold on the Northern coast of Turkey. Aydin that is home to famous expat resorts such as Didim, and Kusadasi has historically taken third place on its own, and for the first time ranks with destinations on the North coast.

Nationalities of home buyers

Out of all the homes sold, Iraqis bought 383 properties, closely followed by the Saudis who bought 344 apartments or villas. Kuwaitis and Russians came in at third place and fourth place, and British buyers came in at fifth place by buying 103 homes.

If you would like more information on real estate in Turkey, visit the Spot Blue International Property website.

If you wish to ask a specific question to Turkey real estate industry experts, phone or email Spot Blue International Property via the contact details below.

See also:

Buying a property in Turkey

3-pool villa for sale in Kalkan, Antalya, Turkey has spectacular sea views

Turkish Riviera villa built with eco-friendly materials celebrates the outstanding attributes of Antalaya