A study carried out by EVA Real Estate Appraisal and Epos Real Estate, discusses the branded property projects in Turkey and Istanbul and the interest of foreign investors in the region, in detail, within the framework of the new developments.
It can be seen that 17% of residential property sales in Istanbul have occurred in the district of Esenyurt. Esenyurt is being followed by Beylikdüzü, Pendik, Sancaktepe, Küçükçekmece and Başakşehir. The total of the residential properties sold in the six regions accounts for 46% of the sales throughout the whole of Istanbul. Together with this, while Esenyurt houses 5% of the population of Istanbul, it holds a rate of 17% property sales. On the other hand, 2% of the city live in Beylikdüzü, while sales in this district is 5%, and the population of Bahçeşehir is also 2%, while sales in this district are 4%. The said percentages show that purchases are not restricted to just being in correlation with the population, but that there are also a large number of external purchases.
Foreign interest in the real estate sector
The sector assessment of EVA and Epos also displays the interest of foreign nationals. It can be seen that the total of the investment made by foreign investors in Turkey, in the months of January, February and March, in terms of the area, are approximately at the same level as the previous year. However, when the same periods are compared in terms of the number of acquisitions, there is an increase of 11%. The said chart shows that foreign investors are investing in smaller sized properties this year, when compared to last year.
It has been determined that investors from the Gulf countries have invested 11% less than last year, in terms of area. On the other hand, the share of investors from the Gulf countries, among all of the foreign investors has fallen to 57% in 2016, from 64% in 2015. While the total number of acquisitions has increased when compared to last year, there is a fall in terms of surface area. The figures show that while investors from the Gulf countries were acquiring an average of 275 square meters in 2015, this year they are acquiring 216 square meters. When it is also considered that this figure was 353 square meters in 2014, it can be seen that property sizes have fallen in the last two years.
When the cities in which the foreign investors are showing an interest is looked at, these were Istanbul, Bursa, Yalova, Antalya, Muğla, Sakarya, Mersin, Kocaeli, Aydın and Bolu in 2015, and Istanbul, Bursa, Antalya, Muğla, Sakarya, Aydın, Kocaeli, Tekirdağ, Yalova and Burdur in 2016. When the last two years are compared, it can be seen that Mersin and Bolu have been removed from the list, and that Tekirdağ and Burdur have entered it.