residential property sales in Turkey rose 20.6% year-over-year official The data showed on Friday, with Maintain sales to foreigners pace.
Sales jumped to 134,170 units last month, said the Turkish Statistical Institute (TurkStat), picking up pace From a month ago but still below the very high level in December.
was the number up from 111,241 units in same month a year since. Reading followed yearly increases of 113.7%, 25.1% and 20% in December, January and February respectively.
sales in March was good below 226503 house changed hands in December.
data also Show mortgage sales for the month of March rose 38.8% from a year Earlier to 30271 Accounting for 22.6% of The total sales in Period.
January-March sales jumped 21.7% year-over-year The institute said 320,063 units.
Russians pour in
Sales to foreigners increased 31% in March, the Turkish Statistical Institute said, with Iranian citizens are at the fore list They bought 784 properties last Month.
Iraqis with 741 units were purchased and the Russians with 547 h next Biggest Buyers of Turkish properties added.
Istanbul is the largest in Turkey city in terms of population was lion share of Sales to foreign buyers – 2245 units.
Mediterranean Resort city of I followed Antalya with 1434 properties came the capital Ankara in the third with 347.
Foreigner home sales in The first Three months it jumped 45.1% on On an annual basis, to 14,344, according to the data.
Rich Russians are flocking money inside real Property in Turkey and the United Arab Emirates (UAE), seeking to obtain financial haven in waking up of Moscow invasion of Ukraine and the stifling Western sanctions, many property Companies say.
Sanctions imposed since February 24 invasion Includes exclusion of Russia from SWIFT banking services system and targeting individuals, especially the oligarchs who are considered close to Russian President Vladimir Putin.
While Turkey and the Russian Emirates have criticized the offensive, Ankara opposes non-UN sanctions on Russia and both countries relatively good links with Moscow and still operates direct flights.
Ankara is trying to balance its close relations with Both Russia and Ukraine have positioned themselves as neutral countries party trying to mediate.
Citizenship-for-homes threshold
The house Sales data comes when foreigners look forward to it buy homes in Turkey must now pay the price to become a Turkish citizen more.
The amount that foreigners have to pay for a property And commit to save it for At least three years to obtain a Turkish passport is about to increase to $400,000, according to A decision It was discussed at this week’s cabinet meeting.
Ankara has adopted citizenship-for-homes a plan in 2017. year Later cut the minimum price to $250,000, from $1 million, to attract foreign buyers.
About 7000 foreigners have obtained citizenship via home Purchases between 2017 and 2020, the government She said last year.
In addition to real The estate, those qualified for Nationality includes foreigners who Determined to have made At least $500,000 to invest in Country.
He. She also Includes foreigners who Employing at least 50 peoplethese who I deposited at least $500,000 in Turkish banks and kept it there for At least three years, these who Buy and keep for Three years at least $500,000 in government debtor these who You have made a venture capital or property finance purchase of At least $500,000.
Foreigner home sales hit a record 58,576 units in 2021, 43.5% year-over-year more. previous annual record It was set in 2019 with 45,483 units sold to foreign buyers.
The real Property market Recently mobilized with the arrival of Russians and Ukrainians fleeing the war to join their resident relatives in Turkey, while others chose for rent or real Buying real estate.
sales were also accelerated as depreciation in Turkish lira made Turkish language property more Attractive to foreign buyers, with The authorities that are chasing new economic policy of Low interest rates to boost credit, exports and investments, saying it will help Country weather economic inflation.
to support The drive central Turkey bank had brought down pointer policy rate by 500 points Since September to 14%.
residential property sales in Turkey rose 20.6% year-over-year official The data showed on Friday, with Maintain sales to foreigners pace.
Sales jumped to 134,170 units last month, said the Turkish Statistical Institute (TurkStat), picking up pace From a month ago but still below the very high level in December.
was the number up from 111,241 units in same month a year since. Reading followed yearly increases of 113.7%, 25.1% and 20% in December, January and February respectively.
sales in March was good below 226503 house changed hands in December.
data also Show mortgage sales for the month of March rose 38.8% from a year Earlier to 30271 Accounting for 22.6% of The total sales in Period.
January-March sales jumped 21.7% year-over-year The institute said 320,063 units.
Russians pour in
Sales to foreigners increased 31% in March, the Turkish Statistical Institute said, with Iranian citizens are at the fore list They bought 784 properties last Month.
Iraqis with 741 units were purchased and the Russians with 547 h next Biggest Buyers of Turkish properties added.
Istanbul is the largest in Turkey city in terms of population was lion share of Sales to foreign buyers – 2245 units.
Mediterranean Resort city of I followed Antalya with 1434 properties came the capital Ankara in the third with 347.
Foreigner home sales in The first Three months it jumped 45.1% on On an annual basis, to 14,344, according to the data.
Rich Russians are flocking money inside real Property in Turkey and the United Arab Emirates (UAE), seeking to obtain financial haven in waking up of Moscow invasion of Ukraine and the stifling Western sanctions, many property Companies say.
Sanctions imposed since February 24 invasion Includes exclusion of Russia from SWIFT banking services system and targeting individuals, especially the oligarchs who are considered close to Russian President Vladimir Putin.
While Turkey and the Russian Emirates have criticized the offensive, Ankara opposes non-UN sanctions on Russia and both countries relatively good links with Moscow and still operates direct flights.
Ankara is trying to balance its close relations with Both Russia and Ukraine have positioned themselves as neutral countries party trying to mediate.
Citizenship-for-homes threshold
The house Sales data comes when foreigners look forward to it buy homes in Turkey must now pay the price to become a Turkish citizen more.
The amount that foreigners have to pay for a property And commit to save it for At least three years to obtain a Turkish passport is about to increase to $400,000, according to A decision It was discussed at this week’s cabinet meeting.
Ankara has adopted citizenship-for-homes a plan in 2017. year Later cut the minimum price to $250,000, from $1 million, to attract foreign buyers.
About 7000 foreigners have obtained citizenship via home Purchases between 2017 and 2020, the government She said last year.
In addition to real The estate, those qualified for Nationality includes foreigners who Determined to have made At least $500,000 to invest in Country.
He. She also Includes foreigners who Employing at least 50 peoplethese who I deposited at least $500,000 in Turkish banks and kept it there for At least three years, these who Buy and keep for Three years at least $500,000 in government debtor these who You have made a venture capital or property finance purchase of At least $500,000.
Foreigner home sales hit a record 58,576 units in 2021, 43.5% year-over-year more. previous annual record It was set in 2019 with 45,483 units sold to foreign buyers.
The real Property market Recently mobilized with the arrival of Russians and Ukrainians fleeing the war to join their resident relatives in Turkey, while others chose for rent or real Buying real estate.
sales were also accelerated as depreciation in Turkish lira made Turkish language property more Attractive to foreign buyers, with The authorities that are chasing new economic policy of Low interest rates to boost credit, exports and investments, saying it will help Country weather economic inflation.
to support The drive central Turkey bank had brought down pointer policy rate by 500 points Since September to 14%.