A lot of explanation about the increase in real estate sales in Turkey will be rewarded by the participation of the following scheme:
We note that each line represents the number of properties sold in a particular month from September 2019 until September 2021. In general, we can note that the Turkish real estate market is an active market. There is a shortage of sales in the month of 3 and 4 of the year 2020 due to Covid 19, which negatively affected the whole world and not only the market Turkish real estate.
Sales return and increase in the following months to compensate for the shortfall in these two months.
It is known that the number of properties sold in the summer is greater than the number of properties sold in the winter, because Turkey’s winter is cold, and therefore the movement shrinks and is postponed to the summer months.
Can we consider that winter is an ideal opportunity to get better real estate offers?
In fact, you will find most of the real estate consultancy companies support this idea and tell customers that buying in the winter will be at very high discounts, and this in turn distorted the true image of the Turkish real estate market in front of foreign customers because the Turkish real estate market is much larger than a seasonal market whose prices fall due to the lack of demand in the winter and rise In the summer, because of the high demand, it is an inherent and old market that the Turkish citizen is referring to before the foreign investor, as we will explain later.
Yes, you can get a more flexible payment plan in the winter due to the low demand, and this is not what we mean by our answer that there is no difference between winter and summer, but we mean the customer who is expected to receive an additional 25% discount on the final price only because he buys in winter instead of summer and this Just unreasonable expectations.
What is the percentage of foreign customers from the sales of the Turkish real estate market?
By answering this question, we can note the following points:
+ Real estate sales to foreigners for the month of September 2021 constitute 4.5% (a higher percentage than the previous months) of real estate sales in the Turkish market in general, and this means that the Turkish real estate market is a local market par excellence and that the vast majority of sold properties are purchased by local investors.
+ Sales of foreigners are not related to a specific season of the year, but rather increase in winter at the expense of summer (this is often due to fake promotions that prices are reduced in winter)
+Foreign sales increase by a percentage to compare the months in red below from different years, with an increase of 26% between 2019 and 2020 and 25.8% between 2020 and 2021.
What are the most foreign nationalities who own real estate in Turkey?
For several consecutive months, Iranian citizenship has been at the forefront of nationalities that own real estate in Turkey, especially in Istanbul.
It is 33% more than the Iraqi nationality, in the second place, who buy real estate mostly cheap in southern Turkey or even Istanbul, and in the third place is the Russian nationality, which is 83% less than the Iraqi nationality. Obtaining Turkish citizenship, as well as Iranians and Iraqis.