EVA Real Estate focused on real estate investments made by foreigners in Turkey as of the end of the first quarter of the last two years. The research also revealed the 10 districts in Istanbul where the most housing was purchased by foreigners.
EGYPT RANKS FIRST IN REAL ESTATE, IRAN IN HOUSING
In the report of EVA Real Estate, which examines the real estate purchases of foreign investors in the first quarter of 2020 and the same period of 2021, the real estate investments of Egyptian and Iranian citizens in Turkey come to the fore. As of the 1st quarter of 2021, when all real estate investments of foreigners in Turkey are examined on the basis of total share, Egypt ranks first. In this category, Egypt, which took the place of the previous year’s winner Jordan, is followed by Palestine, Germany, Afghanistan, Yemen, Russian Federation, Iraq, Iran, Kazakhstan and China.According to the data of the Department of Land Registry and Foreign Affairs; Real estate acquisitions of foreigners, which were 2 million 147 thousand 694 square meters at the end of the first quarter of 2020, decreased by 1 percent in the same period of 2021 to 2 million 123 thousand 438 square meters.
BURSA, ANTALYA AND ISTANBUL ARE IN THE TOP THREE IN REAL ESTATE INVESTMENT
In the most preferred provinces in terms of real estate, Bursa was the province most preferred by foreigners for real estate investments as of the 1st quarter of 2021, on the basis of the area that corresponds to the total share, while Bursa was followed by Antalya, Istanbul, Konya, Sakarya, Mersin, Yalova, Muğla, Ankara, Izmir and Samsun followed suit.48% INCREASE IN REAL ESTATE SALES TO FOREIGNERS IN ISTANBULAccording to the data of the Department of Land Registry, Foreign Affairs, in real estate purchases made by foreign investors in the first quarter of 2020 and the same period of 2021; Real estate acquisitions of foreigners, which were 49 thousand 108 square meters in the first quarter of 2020, increased by 48 percent in the same period of 2021 to 72 thousand 514 square meters.
IRAN AGAIN TOOK THE FIRST PLACE IN ISTANBUL
As of the first quarter of 2021, Iran ranks first in all real estate investments in Istanbul on the basis of total number of foreigners. Yemen occupies the first place in all real estate investments of foreigners on the basis of the area that corresponds to the total share in Istanbul. Iran is followed by Iraq, Afghanistan, China, Yemen, Palestine, Egypt, Pakistan, Russian Federation and Azerbaijan in terms of total units.
10 favorite districts of foreigners who own a house in Istanbul.
The 10 districts most preferred by foreigners in real estate acquisitions in Istanbul are listed as follows: