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Seven Proofs There Is No Crisis in Turkey

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Turkish real estate is very interesting for foreign buyers. Thanks to the excellent work of the local statistical office (which, generally speaking, is a rarity in our segment) you can find out why. Prian has studied the Turkstat report for 2020 and selected the most interesting figures.

1,499,316 apartments and houses were sold in Turkey in 2020

By the way, this is 11% more than a year earlier. So much for the crisis! And if we compare the results with 2013, the number of transactions increased by 30%. Given the rise in prices, buyers were in a hurry for a reson.

Turkstat, December 2020
The number of real estate transactions in Turkey over the past seven years. Despite the lockdown, 2020 was a record year for the Turkish market. Source: Turkstat

The number of mortgage transactions increased by 70%

Well, that is not a very interesting info for foreigners. The preferential mortgage, introduced in the summer of 2020, has intensified domestic demand (does this remind you of anything?). Foreigners do not often use a loan at 6.0–6.5% per annum in euros…

40,812 residential properties in Turkey purchased by foreigners

The share of non-local transactions in the total number of transactions is quite small: someone from abroad buys every 27th residential object. And by the way, in absolute numbers, foreigners in 2020 bought less than in 2019, by about 10%. Spring lockdown had it consequences.

Turkstat, December 2020
Dynamics of real estate sales in Turkey among foreign buyers. Note the sharp decline in the number of transactions in April-May 2020. The reason is the lockdown. As soon as restrictions were lifted, the activity of buyers has increased. Source: Turkstat
Turkstat, December 2020
Top 20 foreign buyers of real estate in Turkey in 2020. Source: Turkstat

The main foreign buyers are citizens of Iran, Iraq and ... Russia!

People from the Middle East are traditionally the most active: for them, Turkey is not so much a resort as a respectable destination, an outlet to the world. The Iranians bought 7,189 objects, the Iraqis – 6,674, and the Russians - 2,893 objects.

Last year 256,098 transactions took place in Istanbul

A leader in everything! Ankara lags behind by almost 100,000 sales. Istanbul has the most deals with developers and the most in the secondary market. The city of two continents and the most popular among foreign buyers – 47% (19,175) bought it here.

Every fifth foreign buyer chose the coast of Antalya.

In numbers, this is 7,735 transactions

The number of female customers in Turkey has increased by 25% in five years

Emancipation is it is! Although, nothing really has changed: about 30% of transactions are consistently made by women, and 60% by men. Where's the other 10%? Nope, you're wrong: every tenth object is bought by either a legal entity or several owners at once.

Residential property for sale in Turkey:
Villa for 500 000 euro in Fethiye, Turkey
500 000 €
Villa in Fethiye, Turkey
160 sq.m 4 3 3
Credit
The Villa is situated in the peaceful location of Ovacik, an area of outstanding natural beauty, and is also close to the world famous, beautiful sandy beach of Oludeniz (Blue Lagoon) - just 5 minutes’ drive away. Oludeniz is one of Turkey´s most scenic coastal resorts. The main beach is a wide stretch of white sand and shingle...
ANGA REAL ESTATE
Apartment for 225 000 euro in Alanya, Turkey
225 000 €
Apartment in Alanya, Turkey
62 sq.m 2 1 1
Residence Credit
We offer you a new stunning residential complex on the first coastline of the Mediterranean Sea, located in the most cozy and ecologically clean area of Alanya - Kargicak. The premium class complex with the infrastructure of a five-star hotel and spacious apartments consists of two 6-storey blocks on a total area of 6,852 m2. It is located 30...
Alanya Eiendom
Penthouse for 168 000 euro in Alanya, Turkey
168 000 €
Penthouse in Alanya, Turkey
90 sq.m 2
Residence
RestProperty
Flat for 56 980 euro in Alanya, Turkey
56 980 €
Flat in Alanya, Turkey
68 sq.m 2 1
Residence
It is located on the 1st floor 700 m from the sea.Conveniences:Elevator, outdoor pool, fitness, sauna, generator, parking.
Renaissance Estate
Flat for 685 300 euro in Alanya, Turkey
685 300 €
Flat in Alanya, Turkey
150 sq.m 4 3
Residence
The apartment is sold with unique furniture, located in a prestigious area of Alanya
Renaissance Estate
Villa for 464 500 euro in Alanya, Turkey
464 500 €
Villa in Alanya, Turkey
350 sq.m 5 4 3
Residence
We offer to your attention a 4+1 villa with an area of 350 m2 in Tepe. The villa was built in 2010. The layout of the villa includes a large living room combined with a kitchen, 4 bedrooms and 3 bathrooms and 3 balconies. The villa has been well renovated using modern quality materials. The bathrooms are equipped with shower cabins and modern...
Zera Homes
Penthouse for 308 000 euro in Alanya, Turkey
308 000 €
Penthouse in Alanya, Turkey
151 sq.m 3
Residence
RestProperty
Apartment for 180 500 euro in Alanya, Turkey
180 500 €
Apartment in Alanya, Turkey
125 sq.m 3 2 2
Online Viewing Remote Transaction
We suggest you consider the option of purchasing a 2+1 apartment with an area of 125 m2 in the Tosmur area. The apartment offered for sale is located on the 2nd floor of a 9-storey complex built in 2007. The layout of the apartment includes a living room combined with a kitchen, 2 bedrooms, 2 bathrooms and 1 balcony. The apartment is offered for...
Zera Homes
Apartment for 119 500 euro in Alanya, Turkey
119 500 €
Apartment in Alanya, Turkey
55 sq.m 2 1 1
Online Viewing Remote Transaction Cryptocurrency payment
We offer for sale an apartment 1 + 1 in Both with an area of 5 5 m2, year of construction - 2007. The layout of the apartment includes a living room combined with a kitchen, 1 bedroom, 1 bathroom, 1 balcony. The apartment has a high-quality renovation with the use of modern materials. The bathroom is equipped with a shower cabin and modern...
Zera Homes
Flat for 235 340 euro in Istanbul, Turkey
235 340 €
Flat in Istanbul, Turkey
116 sq.m 3 2
Residence
Thanks to the modern architecture that improves the quality of your life, the central location, greenery where you can breathe, special social amenities and floor plans for all needs, promises unsurpassed living spaces.Have a nice time alone or with your loved ones in the social institutions of the project. The residential complex has everything...
Renaissance Estate
Flat for 53 900 euro in Antalya, Turkey
53 900 €
Flat in Antalya, Turkey
135 sq.m 4 3
Residence
Internal features: ADSL, Wooden joinery, Alarm system, Suspended ceiling, Balcony, Laundry room, Metal door, Shower, Built-in wardrobe, Cable TV satellite, Air conditioning, Laminate flooring in the kitchen, Marble floor, Shutters, Parquet laminate, Telephone line, Dressing room , Toilet External features: Elevator, Fitness, Hydrophore,...
Renaissance Estate
Flat for 59 290 euro in Mersin, Turkey
59 290 €
Flat in Mersin, Turkey
165 sq.m 5 4
Residence
Internal features: ADSL, Wooden joinery, Alarm system, Balcony, Laundry room, Metal door, Shower, Master bathroom, Dressing room, Built-in wardrobe, Video intercom, Double glazing, Cable TV satellite, Drywall, Kitchen Gas, Panel door, Parquet, Ceramic floor, Terrace, Wardrobe External features: Elevator, Generator, Doorman, PVC Joinery,...
Renaissance Estate
Flat for 107 800 euro in Alanya, Turkey
107 800 €
Flat in Alanya, Turkey
55 sq.m 2 1
Residence
The developed external infrastructure makes the location of the complex even more convenient and comfortable for residents.
Renaissance Estate
Apartment for 262 000 euro in Antalya, Turkey
262 000 €
Apartment in Antalya, Turkey
125 sq.m 3 2 2
Residence Online Viewing Remote Transaction
2-Bedroom Spacious Apartment in Investment Area of Antalya Aksu is recognized as an investment area not only locally in Antalya but also generally Turkey. The region also seeks attention from foreign investors with its quality projects. Today many properties can find according to all taste and wish in Aksu Altıntaş. Apartments for sale in...
TEKCE
Apartment for 1 020 000 euro in Istanbul, Turkey
1 020 000 €
Apartment in Istanbul, Turkey
403 sq.m 6 5 2
Residence Online Viewing Remote Transaction
Prestigious Apartments in a Tranquil Location in İstanbul Üsküdar Üsküdar is a serene and peaceful neighborhood located right on the shores of the Bosphorus in Istanbul. It stands out with its natural beauty, historical texture, and unique location. Üsküdar is also preferred for its easy access to modern amenities. proximity to important...
TEKCE
Penthouse for 455 000 euro in Alanya, Turkey
455 000 €
Penthouse in Alanya, Turkey
195 sq.m 4 3 2
Residence Online Viewing Remote Transaction
Properties with Panoramic Sea and City Views in Project with Full Amenities in Alanya Kestel The stylish properties are located in Kestel in Alanya. Kestel is a developing area with various amenities. The area is home to hiking paths, restaurants, cafes, and many more daily and social amenities. The properties for sale in Alanya are located 1 km...
TEKCE
Flat for 43 000 euro in Trabzon, Turkey
43 000 €
Flat in Trabzon, Turkey
70 sq.m 2 1 1
Our company has a long 10-year history and thousands of satisfied customers. We specialize in real estate and investment. Our team consists of 40 people, the headquarters of the company is located in Trabzon, as well as the branches of “Trabzon Invest” are represented in St. Ambula, And nkara and Zmira.We operate in 34 provinces of Turkey.Our...
TRABZON INVEST
Apartment for 82 000 euro in Antalya, Turkey
82 000 €
Apartment in Antalya, Turkey
75 sq.m 2 1 2
Residence Online Viewing Remote Transaction
1-Bedroom Apartment in a Central Location Near the Sea in Muratpaşa Antalya The apartment is located in a residential complex in the Yüksekalan neighborhood in the Muratpaşa district of Antalya. The location within walking distance of all amenities is ideal to buy apartment in Muratpaşa, Antalya. The furnished apartment is only steps from the...
TEKCE
Flat for 60 800 euro in Mersin, Turkey
60 800 €
Flat in Mersin, Turkey
89 sq.m 3 2 2
Online Viewing Remote Transaction Cryptocurrency payment
You will get the cleanest sea, a gorgeous beach and air by purchasing a quarry in this complex. My name is Natalia and I will choose the best for you! The completion date is 30.04.2025 Apartment layouts: One-bedroom apartments 1+1, with an area of 62 m2 from 63,000 euros. Two-bedroom apartments 2+1, with an area of 89 m2 from...
NSM Real Estate
Flat for 144 900 euro in Antalya, Turkey
144 900 €
Flat in Antalya, Turkey
44 sq.m 2 1 1
Online Viewing
Antalya-Aksu Altyntas A new premium residential complex, which includes: 88 residences 39 hotel apartments The embodiment of unprecedented comfort, premium class amenities, modern architecture and innovative solutions in construction. A shuttle service to the stunning sandy beaches of Lara will be organized for residents and guests of...
Marina Homes

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