Despite the Covid-19 pandemic, it is seen that the highest housing sales volume to foreigners in November has been reached with 4.962 units. Housing sales to foreigners, which increased slightly in the first quarter of 2020 compared to the same period of the previous year, were low in the second quarter of the year compared to 2019 due to the increasing impact of the epidemic worldwide and restrictions.
With the normalization steps taken and the announcement of new measures in the gradual transition to social life, the travel bans imposed were lifted, and housing sales to foreigners accelerated in August. During the period from August to the end of November, approximately 20.000 houses were sold to foreign investors, while this figure was 16.000 in the same period of 2019 and however, housing sales to foreigners increased by 25% in 4 months.
Iranian Investors are Leading
By the end of 2020, it is seen that Istanbul continues to maintain its first place in the choice of foreign investors this year as well. Foreigners, who purchased approximately 2.000 houses from Istanbul in November 2019, made 2.500 housing investments in the same period of this year. It is reflected in the figures that the volume of housing purchases of foreigners from Istanbul increased by 30% in November 2020 compared to the same period of the previous year. Antalya, on the other hand, continued to be the second most preferred city by foreigners, with about 1 thousand houses sold. Antalya is followed by Ankara, Yalova and Bursa. In the first 11 months of 2020, 16.867 houses in Istanbul, 6.946 in Antalya, 2.473 in Ankara, 1.242 in Bursa and 1.190 in Yalova were sold to foreign investors. When we look at the general picture, Iranian investors take the first place for the concept of foreign investment to Turkey.
Covid-19 is not a Barrier!
At the end of 2020, it was expected to reach 40.000 housing sales despite the epidemic in housing sales to foreigners. Housing sales volume, which exceeded 36.000 in the first 11 months of the year, reached 40 thousand units at the end of the year, revealing that expectations were achieved with the least loss of the year. Especially in November sales figures, Turkey is showing that despite the impact of the epidemic of concussions position in international real estate sales. Covidien-19 epidemic with 80% in Greece, Spain and Portugal, while there was a 50% loss, a loss of 10% of Turkey managed to survive this process.
Foreign Investors Show Confidence in Turkey in the Year 2020
Turkey’s strong stance on health infrastructure and successful management of epidemic were able to reassure foreign investors to Turkey. The main factor in this difficult process, such as health and life Turkey has managed to stand out among international competitors. With the new regulation, the demand for Turkish citizenship by investment increased so much. In the last three years, more than 7.000 foreign investors from more than 90 countries acquired Turkish citizenship by investing nearly $ 2 billion in the real estate and construction sector. This increase under pandemic conditions, as well as the success of our industry’s confidence in Turkey’s economy is showing as an indication. The announced reform plans direct investors to our country. The idea of living in Turkey becoming more common.
Expectations for 2021
All the conditions and the advantages that Turkey has a lot of potential for foreigners to invest there. Despite the negative effects of the Covid-19 virus, it is predicted that foreign investors will continue to show interest in the Turkish real estate sector in 2021. Foreign investors find they are looking for a healthy environment in Turkey. In addition to this, along with the new reforms to be carried out in the area of democracy and rule of law is estimated to be more interested in Turkey by foreign investors. Real estate sector in Turkey, not only from the Middle East, are seeing demand from every corner of the world, including countries in Africa and Asia. The Turkish real estate sector manages to attract investors from almost every part of the world today. With the new steps to be taken, the targets are also rising in the new process entered with the vaccination.