Investment

Chinese Investors Turned Their Routes into Turkey

After the Covid-19 pandemic, many investors in different countries of the world decided to stop their investments. The number of Chinese investors who want to invest in housing in Turkey is gradually increasing. Chinese purchases of housing can not come to Turkey towards the pandemic seems that online sales process. According to the data of the digital sales platform, the Chinese wind is blowing in housing sales to foreigners. High-rise housing projects with residences, commercial and social facilities are preferred by Chinese investors. In addition, they purchase housing from projects close to public transportation points such as light rail systems and the main arteries of the city. Representatives of the real estate sector in Turkey are quite happy in the face of this demand from Chinese investors. Demand is expected to increase even more. In addition, after the sale, the needs of Chinese investors are met, from citizenship applications to tax exemptions. It is believed that Chinese investors will make a high number of housing purchases every year from now on.

Great Interest in Digital Housing Sales

Digital sales are gradually increasing due to the Covid-19 pandemic. Foreign customers show interest in housing sales through digital channels due to travel restrictions and quarantine measures. Especially, agencies operating in China offer their housing projects online to investors and complete their sales online. In addition, citizenship and passport applications can be made through this platform.

Thanks to the system, it is seen that home sales to Chinese investors continue even during the quarantine period. It is possible to make all purchases online. When a customer decides to like and buy a property, they can reserve the property or buy it online. It is only necessary to use traditional methods for deed transfer transactions. This is resolved by sending the proxy by mail. Thus, it is possible to buy houses in Turkey before coming to Turkey.

Why They Prefer Turkey ?

Thanks to the new regulation for acquiring citizenship with 250.000 USD real estate investment, the interest of Chinese investors to Turkey started to increase. Digital sales are gradually increasing due to the Covid-19 virus. Foreign customers show interest in housing sales through digital channels due to travel restrictions and quarantine measures. Especially, agencies operating in China offer their housing projects online to investors and complete their sales online. In addition, citizenship and passport applications can be made through this platform.

Thanks to the system, it is seen that home sales to Chinese investors continue even during the quarantine period. It is possible to make all purchases online. When a customer decides to like and buy a property, he or she can reserve the property or buy it online. It is only necessary to use traditional methods for deed transfer transactions. This is resolved by sending the proxy by mail. Thus, it is possible to buy houses in Turkey before coming to Turkey.

Housing Sales to Foreigners in Turkey is Increasing

The total number of residences sold in the last 5 years was calculated as 6.94 million in Turkey. 154 thousand 871 of these residences were built for foreigners. Turkey overall total number of residences sold in the last 5 years was calculated as 6 million 944 thousand 616. 154 thousand 871 of these residences were built for foreigners. According to data from the Turkey Statistical Institute, September 2015-August 2020 period, 6 million 944 thousand 616 housing has changed hands. In this period, the highest housing sales were made in 2017 with 1 million 409 thousand 314. 1 million 289 thousand 320 houses were sold in 2015, 1 million 341 thousand 453 in 2016, 1 million 375 thousand 398 in 2018 and 1 million 348 thousand 729 houses in 2019.

In the 8-month period of this year, the number of houses that changed hands with the effect of lowering bank interest rates was 1 million 24 thousand 534. In the last 5 years, the most house sales were made in Istanbul with 1 million 199 thousand 715. During this period, 720 thousand 124 houses were sold in Ankara, 412 thousand 588 in İzmir, 313 thousand 735 in Antalya and 265 thousand 715 in Bursa. Denizli with 84 thousand, Kahramanmaraş with 79 thousand, Çanakkale with 65 thousand, Trabzon with 62 thousand, Malatya with 60 thousand, Yalova and Elazığ with 53 thousand.

Expat Guide Turkey

Expat Guide Turkey is a news website that shares important events in Turkey and news concerning foreigners in Turkey. It also contains a guide to undiscovered places, city and district about Turkey.

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