Despite an unprecedented economic crisis, Turkey managed to stay on top in the global real estate market with a growth rate of 21.7% as per the global economic growth index in 2021, making it a highly-sough destination for real estate investors from all over the world.
For the recent couple of years, we’ve all seen how the Covid-19 Corona pandemic has caused one of – if not – the most damaging economic global crisis which the whole world had not witnessed for decades.
Nevertheless, the Turkish economy was able to stand firm during even the hardest of those times. Despite this never-seen-before economic crisis, the economy in Turkey managed to be on top in the global economic growth index, as Turkey came in second after Britain among the most economically growing countries of the Organisation for Economic Co-operation and Development (OECD) in the second quarter of 2021, with a growth rate of 21.7%.
Turkey has also recently witnessed a great demand from Arab and foreign investors who are searching for a profitable real estate investment in Turkey and started to invest in Turkey and buy real estate properties for sale in Turkey, especially in Istanbul.
In 2021, 1.5 million properties were sold in the real estate market in Turkey according to the reports of the Turkish Statistics Authority, ranking Turkey the first in the European real estate market.
Moreover, according to the 2021 statistics of the Turkish Statistics Institute, the sales of real estate in Turkey by foreigners increased by a large percentage, as shown below:
Turkish cities with the highest real estate sales in December 2021:
1.Istanbul:
Istanbul came on top of the Turkish cities in terms of the properties for sale in Turkey, with 39,026 sold properties, accounting for 17.2% of the total real estate sales in Turkey.
2.Ankara:
Ankara ranked second, with 21,481 sold real estate properties in Turkey, which accounts for 9.5% of the total real estate sales in Turkey.
3.Izmir:
Izmir came in third, with 13,386 sold properties, representing 5.9% of the total real estate sales in Turkey.
Turkish cities with the lowest real estate sales in December 2021:
1.Bayburt: 127 sold properties
2.Ardahan: 68 sold properties
3.Hakkâri: 44 sold properties
Highest real estate buying nationalities in Turkey in December 2021:
In 2021, real estate sales in Turkey by foreigners increased by 43.5% compared to the sales in 2020.
The Iranian nationality ranked first in terms of the real estate investment in Turkey in December 2021, buying 1462 properties.
Iraqis came in second, buying 1,039 properties.
The Russian real estate investors in Turkey, with a remarkable increase over the recent years, buying 885 real estate properties in Turkey.
Our renowned real estate agency in Turkey, Luxury Group, can assist you with everything you need to know about real estate properties for sale in Turkey so you can profitably invest in real estate in Turkey.
We at Luxury Group in Turkey – as one of the best real estate consultants in Turkey – can help you grow your real estate investment in Turkey. Visit our website www.luxurygroup-tr.com to find out the latest real estate prices in Turkey and discover the best areas to buy properties in Turkey as well as the best offers for your different needs for life in Turkey, tourism in Turkey, business in Turkey or investment in Turkey.
