How Many Units did Foreigners Buy in the First Half of 2017?

How Many Units did Foreigners Buy in the First Half of 2017?

The Turkish Statistical Institute announced housing sales data covering the January-June 2017 period. According to this, foreigners bought 9,595 units in the first half of the year. In the same period of the last year, the number was 9,378 units. Following the July 15 coup attempt, foreigners’ housing purchases had fallen sharply. After the removal […]

Turkey Real Estate Sector Grew by 3.4

Turkey Real Estate Sector Grew by 3.4

Turkish Statistical Institute (TUIK) announced growth figures for the first quarter of 2017. Accordingly, in the first three months of this year, Turkey’s economy grew by 5.00 percent. While the industrial sector grew by 5.3 percent, the growth rate in the construction sector was 3.7 percent. The rate was 4.5 percent in the same period […]

Bursa Property Sales Decline

Bursa Property Sales Decline

According to the statement released by the Turkish Statistical Institute, in February 2017, housing sales in Bursa showed a decline. While 4,050 properties changed ownership in the city last month, this figure was 4,154 in the same month last year. 1 thousand 799 of the properties sold were first-hand while 2 thousand 355 were second-hand […]

Districts in Istanbul Most Real Estate Sold in 2016

Districts in Istanbul Most Real Estate Sold in 2016

Turkey Statistical Institute announced property sales figures for the year 2016. Istanbul ranked first with 17.3 percent share with a volume of 232 thousand 428 housing sales. How many properties were sold in which district of Istanbul? Here is the table where Esenyurt is remarkably ahead. Arnavutköy 3.954 Ataşehir 5.851 Avcılar 6.702 Bağcılar 4.088 Bahçelievler 7.465 […]

10 Cities Foreigners Bought Most Property in 2016

10 Cities Foreigners Bought Most Property in 2016

According to the statement released by the Turkish Statistical Institute, in 2016, the sale of properties to foreigners was 18 thousand 189 units. Looking at the figures, the top 10 cities where foreigners have made the most purchases and the number of houses sold are as follows: İstanbul 5.811 Antalya 4.352 Bursa 1.318 Aydın 871 […]

Do Opportunities Last Forever?

Do Opportunities Last Forever?

As TUIK announced the sales figures for November, some of my friends from outside the sector said, “You told us markets were slowing down, how has sales figures increased so much?” As you know, in November, residential sales increased by 25.1% compared to those in November last year. How can the housing sales figures increase […]

Istanbul Falls to 17th in World League

Istanbul Falls to 17th in World League

According to the report covering 150 world cities, in the third quarter of this year, Istanbul’s price increase was reduced by 14 steps. Ankara and İzmir also received a major fall. Chinese cities play role in fall UK-based global real estate consulting firm Knight Frank has released its third quarter results of the global housing […]

Property Record Could be Broken Again

Property Record Could be Broken Again

According to TUIK data, the sales of residential properties in Turkey increased by 17,8% in September 2016, when compared with the same month of the previous year, reaching 108 thousand 918. The views of Özen Kuzu, member of the Board of directors of the Kuzu Group, on the matter, are as follows: “It has been […]

Ankara and Trabzon See Increase in Sales to Foreigners

Ankara and Trabzon See Increase in Sales to Foreigners

According to the Turkish Statistics Agency (TUIK), the sales of residential properties to foreign nationals fell by 17 percent when compared to last year, reaching 11 thousand 934 in the whole of Turkey, in the period between January – August. Ankara sees higher rise 14 thousand 424 residential properties had been sold to foreign nationals […]

Esenyurt Outscores Other Districts in Property Sales

Esenyurt Outscores Other Districts in Property Sales

According to the data of the Turkish Statistics Agency (TUIK), 826 thousand 893 residential properties have been sold throughout the country in the first 8 months of the year. While Istanbul is in first place with 146 thousand 648 properties, when the distribution of the districts within the mega city is looked at, it can […]