More than 850,000 properties were sold during the first quarter of 2021 in Turkey

The sales of all forms of real estate in Turkey reached more than 850,000 properties, during the first months of 2021, according to the information of the General Directorate of Land Registry in Turkey

More than 850,000 properties were sold during the first quarter of 2021 in Turkey
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2021-05-20 Last update 2021-07-30

More than 850,000 properties were sold during the first quarter of 2021 in Turkey

Real estate sales in Turkey witnessed a great revival during the first four months of this year, especially after the recession caused by the Coronavirus crisis, on the real estate market in Turkey.

Real estate sales in Turkey exceed 850,000 in the first quarter of 2021

The real estate sector began its current year with a strong movement, described by experts as the renaissance that followed the Coronavirus crisis which caused some stagnation in the sector for a short time, as did all economic sectors in Turkey and the world.

This renaissance, which was manifested in the return to real estate sales numbers in the pre-Coronavirus period, indicated the strength and stability of the Turkish real estate market, both internally and externally.

The real estate sector in Turkey, particularly in recent years, has seen a high turnout of foreign investors thanks to many reasons, the most important of which is Turkey's significant urban development, as well as its global geographical and historical location.

In addition, the procedures were made by the Turkish government to encourage investors to invest in its real estate sector, most notably the granting of Turkish citizenship to those who buy a property worth more than $250,000.

Real estate sales in Turkey

The first four months sales in numbers

According to the data stated by the General Directorate of Land Registry and Real Estate Survey in Turkey, the real estate sector sales of all types of real estate throughout Turkey, from the beginning of this year until the beginning of May, amounted to 851,612 properties.

The number of properties that were sold through the external representations of the Land Registry and Real Estate Survey Directorate in the prementioned period reached 26 properties, while the number of public real estate transactions in these representations during the mentioned period reached 47 real estate transactions.

مشروع القصر الكبير انجليزي مشروع القصر الكبير انجليزي

Apartments are the best sellers

In the details of the data disclosed by the General Directorate of Land Registry and Real Estate Survey, residential apartments in Turkey accounted for the largest proportion of general real estate sales during the first four months of this year, with a sale of 345,232 apartments.

Residential apartments followed agricultural lands with a sale of 246,370 agricultural lands, then construction lands with a sale of 154,868 lands for construction, then commercial real estate and workplaces, with a sale of 40,47 commercial and workplace properties.

 

Edited by Imtilak Real Estate©

Reference: TRT Haber

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