More than 416 thousand real estate sale transactions were signed in the first months of 2022 AD, according to Anadolu Agency, which relied for its information on sources from the Ministry of Environment, Urban Planning and Climate in the Turkish government.
The real estate sector in Turkey has been able to achieve important developments with successive qualitative leaps since the beginning This year, after a period of slow gradual progress witnessed in the past two years in light of the global economic crisis caused by the Corona pandemic.
Our article today is to talk about the recent statistics achieved by the real estate market in Turkey and the various issues related to the rise and fall of sales associated with the rise and fall of prices.
Real estate sales in Turkey:
The real estate market in Turkey was able to achieve golden figures for the number of properties sold after the decrease in the impact of the Corona pandemic from the end of 2021 AD until the middle of 2022 AD, and the purchase of real estate was not limited to Turkish citizens, but also included foreigners who came in large numbers towards owning real estate in Turkey after they feel that its real estate market is constantly active and recovering.
The real estate market has been able to achieve amazing numbers in sales since the beginning of the year, and this indicates the importance of real estate investment in Turkey and the importance of saving money by buying immovable assets that guarantee saving money from loss or deterioration in light of the imbalance in the balance in the global economy and the depreciation of the currencies of various countries against the dollar exchange rate and also in light of global inflation, where the real estate market in Turkey proved its ability to maintain in the face of crises and its ability to secure a high degree of safety in saving and doubling money.
A number of government decisions and facilities for foreigners have also contributed to attracting huge numbers of different nationalities and a huge inflation in the number of real estate sales.
Real estate sales statistics in Turkey:
In order for the information to be more detailed and clear, we will talk about real estate sales statistics in Turkey for Turkish citizens and foreigners separately:
Real estate sales statistics in Turkey for Turkish citizens:
Before starting the statistics achieved in 2022 AD from its beginning to the present time, we must mention the most important results reached in 2021 AD recently. At the end of last year, the last numbers of sales were 1,491,856 properties sold in Turkey during 2021. AD, and these numbers in sales were 0.5% lower than the year preceding 2020 AD.
Istanbul achieved superiority in the highest numbers of sales, as it was at the forefront of the best-selling cities, with sales of 223 thousand and 276 properties, and immediately followed by Ankara, which achieved sales of 144 thousand and 104 properties, and Izmir, which reached the number of sales in third place. In it, there were 86,722 real estate sales, and the rest of the sales were distributed to the rest of the Turkish cities in different proportions.
Real estate sales in Turkey in January of 2022 AD:
The percentage of sales of Turkish real estate in the first month of this year for Turkish citizens increased by 25.1%, as this month of this year was compared with the same month of the previous year. The number of sales reached 88,306 properties distributed in various Turkish cities, and this rapid development in the number of the real estate market in Turkey is demonstrated by this clear increase in the number of sales that it has been able to achieve since the beginning of the year. Istanbul has obtained the highest share of sales, reaching 15.110 of the total number of real estate sales in Turkey, followed by the city of Ankara, which achieved 88 thousand 255 real estate sales in the first month of the year, and then the city of Izmir, where the number of sales reached 5,486 real estate sales.
Real estate sales in Turkey in March of 2022 AD:
The increase in real estate sales for Turks in the third month of the year amounted to 20.6% compared to the same month last year. This month’s sales included 134,170 properties throughout Turkey.
It is clear that the increase number is very large and represents a qualitative leap in the real estate market in Turkey, which it was able to achieve in one month. The city of Istanbul is always at the forefront, which achieves the largest amount of sales, which reached 23,974 real estate sales, and the city of Ankara also maintains its rank in the second class after Istanbul, which achieved sales of 12,609 real estate, and then the city of Izmir, where the number of sales reached 8 thousand and 51 real estate sales, and the rest of the numbers sold are distributed in the rest of the Turkish cities.
Real estate sales in Turkey during the month of April of 2022 AD :
The number of real estate sales to Turks continued to increase at the same rapid pace in the fourth month of the year, with an increase in sales compared to the same month of the previous year to 38.8%, as the number of sales reached 133 thousand and 58 properties throughout Turkey, and sales reached in Istanbul to 26,330 properties, sales in Ankara reached 12,195 properties, and as usual, Izmir maintains its third rank, which achieved this month 8,459 properties sold in Turkey.
Real estate sales in Turkey in May of 2022 :
If we compare the month of May of this year with the month of May of the previous year, the increase was in leaps, not a single jump, as the difference was up to 107.5%, an increase for the month of May of this year over May in 2021 AD, real estate sales reached 122 thousand and 768 Real estate distributed in Turkish cities.
But this distribution is certainly not equal, as Istanbul surpasses the largest number of sales, which has reached 22,148 sales of the total properties sold in Turkey, and Ankara got its share of 11,195 properties, while Izmir achieved 7,195 sales of the total properties sold in Turkey.
Real estate sales statistics in Turkey for foreign citizens:
It is also necessary to see the statistics of sales achieved by foreigners in Turkey of various nationalities especially the Arabs in their desire to obtain Turkish citizenship and benefit from its many advantages, as the Turkish government has amended the ownership of real estate in Turkey for foreigners to reduce the value of the property required to obtain the property from 1 million to 400,000$.
Before starting the statistics achieved this year for sales to foreigners, we will return to remember the recent statistics achieved last year. In 2021 AD, 58 thousand 576 Turkish properties were sold to foreigners. Iranians obtained the largest number of foreigners who bought real estate in Turkey, as the number of their purchases reached to 10 thousand and 56 properties. In the second place, the Iraqis achieved the number of purchases of 8 thousand and 661 properties, and in the third place were the citizens of the Russian Federation, whose purchases of Turkish real estate amounted to 5 thousand and 379 properties.
Real estate sales in Turkey in January of 2022 AD :
The percentage of sales of Turkish real estate to foreigners increased by 56.5% compared to the first month of this year with the same month last year, and the number of sales reached 4 thousand and 186 sales properties distributed among various Turkish cities. Also, for foreign sales, Istanbul remains in the first place as the number of sales reached 1,771 properties sold, followed by the second place for the purchase of real estate by foreigners, the city of Antalya, with 914 of the Turkish properties sold, and then the city of Ankara, which reached 269 properties.
In view of the foreign nationality that achieved the highest purchase percentage this year, it was also the Iranian nationality, whose purchases amounted to 761 properties of the properties sold in Turkey, and in the second place were the citizens of the State of Iraq, whose purchases of Turkish real estate reached 513 properties.
Then the Russians, whose number of properties they owned reached 479 properties sold in Turkey.
Real estate sales in Turkey in February of 2022 AD:
The number of properties sold to foreigners in the second month of 2022 AD increased by 54.9%, an increase over the second month of last year, and sales in February of this year reached 4,591 properties.
As usual, Istanbul ranked first, with sales reaching 1958 of the total properties sold in Turkey. Antalya also achieved 1958 sales, followed by Ankara, where sales amounted to 288 properties out of the total properties sold in Turkey in February and the rest of the properties are distributed among the rest of the Turkish cities.
The highest percentage of sales were to the citizens of the Iranian state, whose share reached 711 properties of the total properties. Then Iraqis who achieved a number of 633 properties sold, and then the Russians, whose purchases of real estate reached 509 properties, came in second place.
Real estate sales in Turkey in March of 2022 :
The percentage of sales for the month of March of this year for foreigners increased by 31% compared to the same month of the previous year.
The number of real estate sales reached 5,567 properties sold to foreigners, and Istanbul’s share reached 2,245 sales properties of the total properties sold to foreigners in Turkey, and then Antalya followed in the second place with 1,434 sales properties sold to foreigners, and then Ankara with 347 properties.
As usual, the Iranians remain in the first place among the foreign nationalities that achieve the largest number of real estate purchases in Turkey. The number of properties they owned in March of 2022 AD reached 784 properties. The turnout of Iraqis also increased in this third month of this year, and their purchases amounted to 741 properties. And then in third place are the Russians, whose real estate properties in March amounted to 547 properties out of the total properties sold in Turkey.
Real estate sales in Turkey during the month of April of 2022 AD :
The rate of increase in the number of properties sold in April of this year was 58.1%, an increase over the same month last year, and sales reached 6,447 properties sold in Turkey to foreigners. It is noted that this month has achieved an increase in sales over the month. The city of Istanbul maintained its first rank, in which sales in the fourth month reached 2,564 properties out of the total properties sold to foreigners in Turkey, and then Antalya came in second place, where sales reached 1970 properties, and then Ankara, in which the number of sales reached 333 of the total properties sold to foreigners in Turkey.
But as for foreign nationalities, the scales differed this month, so that the citizens of the Russian Federation obtained the highest number of sales, which reached 1152 properties of the properties sold in Turkey to foreigners, while the Iranians fell to the second place, making the number of properties in Turkey they owned this month to 905 Real estate, and then in the third degree, the Iraqis who made a number of real estate purchases amounted to 714 properties out of the total properties sold in Turkey to foreigners.
The Russians made a big leap in increasing the number of properties they owned in Turkey in the fourth month. This came as a result of the war between Russia and Ukraine. The Russians and Ukrainians found real estate in Turkey a safe haven, as Russia ranked first and Ukraine ranked fifth among foreign nationalities that achieved the highest percentage of real estate ownership in Turkey.
Real estate sales in Turkey in May of 2022 :
May managed to change the scales this year for real estate sales in Turkey to foreigners, so that the increase in May of this year amounted to 235.7% compared to the same month last year, and sales of Turkish real estate to foreign nationals reached 5,000 And 962 properties are distributed in various Turkish cities.
Istanbul was also able to maintain the first rank with the largest number of properties sold, which reached 2451 properties of the total properties sold in Turkey, followed by Antalya, which achieved the number of sales up to 1885 properties, and then Ankara, which sales reached in the fifth month to 264 sold properties, the rest of the number of properties is distributed to other Turkish cities.
The citizens of the Russian state bought 1,275 properties out of the total properties sold, and in the next place were the citizens of the Iranian state, whose purchases of real estate reached 736 properties, and then the Iraqi citizens, who owned 617 properties.
Russian citizenship is still at the fore, while the Iraqis slipped to the third place after they occupied the first place throughout the previous year.
These were the latest statistics for real estate in Turkey according to the Turkish Statistics Authority, which is one of the official platforms in Turkey specialized in statistics of all kinds.
