According to the data, about 1.3 million houses were sold in Turkey last year, with Istanbul becoming the top seller. Despite the low percentage of foreigners purchasing homes, domestic demand in the local market remains strong.
In terms of the nationalities of foreign investors, Russia is at the top of the list, with major countries such as Germany, the United States, China and the United Kingdom also on the list. This shows the strong interest of the international market in property investment in Turkey.
Despite the relatively small number of Chinese investors, the fact that Chinese people are buying Turkish property every day shows the potential and dynamism of the Chinese market.
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Turkey's ability to attract foreign direct investment (FDI) is also outstanding, attracting nearly $240 billion in FDI since 2003, of which nearly a quarter has gone to the real estate sector.
Analyses point to Turkey's unique geographic location as an important factor in attracting international investors, and as a crossroads connecting Europe and Asia, Turkey plays an important role in the global investment arena.
In the future, as Turkey positions itself as a major destination for global investment, its attractiveness will further increase, becoming an attractive and lucrative market for international stakeholders.
Notably, according to the latest quarterly Global House Price Index published by Knight Frank International, the global property market will increase by an average of 6.3% in 2023, while Turkey ranks first in the world in terms of house price increases. Therefore, choosing to invest in Turkish property may bring considerable returns and appreciation opportunities.
Among the many Turkish cities, Istanbul leads the way in terms of house price increases. Considering that Istanbul is one of the most populous cities in Turkey, customer resale demand is expected to continue to grow in the future, so choosing to invest in property in popular cities such as Istanbul may provide investors with more room for returns and appreciation.
