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Increasing Number of Overseas Buyers in the Turkish Real Estate Market
Increasing Number of Overseas Buyers in the Turkish Real Estate Market 伊斯坦布爾
By   Internet
  • 城市報
  • Turkish Real Estate
  • Property Market
  • Overseas Buyers
Abstract: The Turkish real estate market showed strong performance in September of this year, especially in the major city of Istanbul.

Istanbul led the sales with 15,247 properties sold, accounting for 14.9% of the total sales. Ankara and Izmir followed, with 9,048 and 5,476 properties sold, representing 8.8% and 5.3% of the total sales, respectively.


In addition, there is significant interest from overseas buyers in the Turkish real estate market, with 2,930 properties purchased, constituting 2.9% of the total sales.


Russian buyers led the overseas purchases with 722 properties, followed by buyers from Iran, Iraq, Germany, and China, among other countries.


Turkey boasts a rich history and a strategic geographical location at the crossroads of Asia and Europe. Its geographical advantages include crucial waterways in the Mediterranean and the largest airport among European countries.

Increasing Number of Overseas Buyers in the Turkish Real Estate Market

As a Muslim country, Turkey has distinct local customs and culture compared to other Arab nations. Its modernization and advanced social services make it a unique destination.


Turkey's robust economic strength is evident, ranking first in GDP in the Middle East and North Africa region in 2018, with a growth rate of approximately 1.8% in 2019. Despite the impact of the pandemic, Turkey's economy has remained resilient and is one of the few countries globally to maintain growth during this period.


Furthermore, Turkey's passport immigration program offers various advantages, including a straightforward and fast application process, along with the benefits of holding a passport from a major nation.


Applicants can immigrate through property purchase or deposit methods, with these assets being under the applicant's name and eligible for sale three years later while maintaining the immigration status.


The Turkish passport also enables swift travel to the United States, allowing applicants to apply for a five-year US E2 visa, providing an alternative for those seeking immigration to the United States.

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Increasing Number of Overseas Buyers in the Turkish Real Estate Market
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