Foreigners’ interest in housing projects seems to turn towards economic and completed projects in Istanbul
The increasing foreign interest in Istanbul in recent years led property developers to foreign markets. For this reason, companies carry out intensive marketing activities abroad. And there is a significant increase in the number of agents who market the housing projects to foreign investors.
We see that this interest in luxury housing projects is directed towards economic projects with the changing customer profile. The share of rich arab countries such as Saudi Arabia, Qatar, Kuwait, which showed great interest in housing projects in the first years, decreased and the market diversified with the effect of citizenship.
Foreign investor is now directly searching and striving to find the most affordable house. therefore, interest in small-scale housing projects of several blocks is increasing.
Affordable housing projects ready to move
Housing stocks accumulate with the decrease of domestic customers. There are many completed and affordable housing projects especially in istanbul. For example, there are many 3 bedroom residences between 400 – 450.000 tl especially in beylikdüzü and esenyurt area. And its easy to find 2 bedroom flats in completed single apartments for approximately 300.000 tl.