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Which Regions do Foreign Investors Prefer to Buy House in Istanbul?

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housing sales to foreigners

Hurriyet Emlak Projeland Assistant General Manager Maria Ren evaluated April 2019 housing sales statistics to CNN Turk

Ren, commenting on sales to foreigners, said that; “When we look at the preferences of foreign investors from the Middle East, we can say that they like the upper segment”

“Middle-eastern investors prefer the larger apartments” said Ren. “We can say that 1 + 1 apartments are not suitable for them. The Russians are interested in smaller flats, they prefer more like holiday homes” she added.

What kind of neighborhoods do foreigners prefer in Istanbul?

“We observe a very high demand in Beylikduzu, Esenyurt, Basaksehir and Bahcesehir. The main reason for this is the availability of the right price. Having the landscape against the lake and the sea is also a plus.”

seapearl-atakoy-units-with-sea-view

Ren also evaluated the reason for the 82 percent increase in sales to foreigners. “The first reason for this is the fact that when we compare it with foreign currency, it gives an advantage as an investment. Secondly, when a house is purchased over a certain amount, the opportunity of citizenship attracts the attention of foreign buyers” she said.

 

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