Turkey: Apartment sales to foreigners increased by more than 200% in May of this year

According to data issued by the Turkish Statistical Authority, the number of apartments sold to foreigners in May of this year reached 5,962 apartments.

Turkey: Apartment sales to foreigners increased by more than 200% in May of this year
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2022-06-15 Last update 2022-06-16

Turkey: Apartment sales to foreigners increased by more than 200% in May of this year

According to official data issued by the Turkish Statistics Authority, the number of apartments sold to foreigners in May of this year reached 5,962 apartments, achieving an increase of 235.7% compared to sales of the same month last year 2021, and the highest monthly sales for May in the past three years.

The percentage of foreign sales in May of this year was 4.9% of the total general sales of apartments throughout Turkey.

Buying an apartment in Turkey

As for the sales of apartments to foreigners during the first five months of this year, they amounted to 26,753 apartments, achieving an increase of 70% compared to sales of apartments to foreigners during the same period last year.

Istanbul tops the Turkish states that sell the most to foreigners

The details published in the official data showed that the state of Istanbul ranked first among the Turkish states selling apartments to foreigners in May 2022 with the sale of 2451 apartments, and the state of Antalya came in second place with the sale of 1885 apartments, while the state of Mersin came in Third place, with 264 apartments sold.

The sales figures during the first five months in the states that sold the most to foreigners were as follows:

Rank

State

Apartment sales May 2022

Apartment sales during the first five months

1

Istanbul

2,451 apartments

10,989 apartments

2

Antalya

1,885 apartments

7,302 apartments

3

Mersin

264 apartments

1,227 apartments

4

Ankara

249 apartments

1,486 apartments

5

Yalova

135 apartments

694 apartments

6

Bursa

132 apartments

742 apartments

7

Sakarya

122 apartments

586 apartments

8

Izmir

109 apartments

621 apartments

9

Samsun

102 apartments

587 apartments

10

Trabzon

68 apartments

372 apartments

Russians are among the top buyers of nationalities

Regarding the classification of foreign nationalities according to their purchases of apartments in Turkey, for the second month in a row, the Russians ranked first as the most foreign nationalities buying apartments in Turkey in May 2022, with the purchase of 1,275 apartments.

الجنسية التركية انجليزي الجنسية التركية انجليزي

The Iranians ranked second with the purchase of 736 apartments, and the Iraqis came in third place with the purchase of 617 apartments, and the purchase numbers of the twenty nationalities that purchased the most were as follows:

Rank

Foreign nationality

Foreign citizenship purchases of apartments in May 2022

1

Russians

1,275 apartments

2

Iranians

736 apartments

3

Iraqis

617 apartments

4

Germans

247 apartments

5

Ukrainians

241 apartments

6

Kazakhs

218 apartments

7

Afghan

210 apartments

8

Chinese

186 apartments

9

Palestinians

155 apartments

10

Yemenis

140 apartments

11

Kuwaitis

130 apartments

12

Americans

119 apartments

13

Azerbaijanis

118 apartments

14

Pakistanis

96 apartments

15

Jordanians

95 apartments

16

Egyptians

94 apartments

17

British

91 apartments

18

Lebanese

87 apartments

19

Canadians

81 apartments

20

Sudanese

80 apartments

 

Edited by Imtilak Real Estate ©

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