Record broken in home sales to foreigners

The number of homes bought by Russians in Turkey increased by 63.6% in the first quarter of the year compared to the same period of 2021 to reach 1,535, while the number of homes bought by Ukrainians increased by 71.6% to reach 381.

Home sales to foreigners rose 31% in March to 5,567. First-quarter sales, on the other hand, rose 45.1% to 14,344 units.

Although this figure was recorded as the highest first quarter data ever, all-time records were broken in both March and the first quarter.

It was observed that the share of residences sold to foreigners in the first quarter was 4.5%.

In the first quarter, the province where foreigners bought the most homes was Istanbul with 5,000,974 units. 41.6% of residences sold to foreigners took place in the megalopolis.

Antalya was followed by Antalya with 3,447 units, Ankara with 904, Mersin with 664 and Bursa with 452. Yalova, Izmir, Samsun, Sakarya and Trabzon were also in the top 10.

IRANIANS LEAD, RUSSIANS AND UKRAINIANS UP

During the January-March period, Iranians took the lead with 2,256 among the country’s citizens who bought the most homes, followed by Iraqis with 1,887.

Investment in Russian housing rose 63.6% to 1,535 units. Home sales to Ukrainians rose 71.6% in the first quarter from a year earlier, reaching 381 units.

It should be noted that the rate of sales to Russians, 45.1%, which is the percentage increase among foreigners, increased by 18.5 points, and sales to Ukrainians by 21.5 points.

During this period, 617 houses were sold to German citizens, 570 to Kazakhs, 486 to Afghan nationals and 382 to Kuwaitis. Citizens of Yemen and Jordan were also in the top 10.

THE $400 LIMIT WILL NOT ADVERSELY AFFECT

In a statement to the AA correspondent, Nazmi Durbakalım, Chairman of the Board of the Istanbul Builders Association (IDER), said that exceeding the 5,000 foreign sales limit is positive in this regard. that it shows that the momentum acquired by foreign currency inflows is continuing. .

Expressing that raising the lower limit to $400,000 in order to obtain the right of citizenship to be given to foreigners through real estate sales, Durbakalım said, “As IDER, we expect that home sales to foreigners continue unabated and a significant amount of foreign currency inflows will be provided to our country. I hope we will have the answer. he said.

NOT ONLY THE MIDDLE EAST BUT ALSO EUROPE, AFRICA AND CENTRAL ASIAN COUNTRIES SHOULD BE TARGET

Chairman of the board of Özyurtlar Holding, Tamer Özyurt, said that the increase in the number of foreigners continued in March and said: “This figure shows that the perspective of foreign investors towards our country is n ‘has never changed and that their confidence in our country has never changed. The high exchange rate makes the prices attractive for foreign investors.” mentioned.

Expressing that foreign investors continue to support the sector, Özyurt said: “Our target should be not only the Middle East, but also countries in Europe, Africa and Central Asia, there is potential there. serious. If we can diversify foreign investors’ use of resources, it will have high contributions.” he said.

Özyurt said the number of sales will increase with the summer months.

FAVORITE CITY IN ANTALYA

Helmann Yapı, Chairman of the Board, Selman Özgün, said a record was broken in housing investment for foreigners in March and the first quarter. used the expression.

Highlighting that Antalya continues to be a favorite with foreigners, Özgün said, “In the first quarter, the number of sales to foreigners in Antalya increased by 83% to 3,447. In other words, there is a increase of nearly double the average rate of 45.1 percent. Turkey Antalya, the apple of the eye of tourism, has also become the target of foreign investors. makes a statement.

THE RISE IN SALES CONTINUES

The Managing Director (CEO) of Bahaş Holding, Abdüssamet Bahadır, also said that the upward momentum in sales will continue as the epidemic conditions ease, and said that raising the lower citizenship limit to $400,000 could have a negative impact.

Stressing that the main reason for the increase in housing prices is not selling to foreigners, but rising costs, Bahadır demanded that the decision to increase the lower limit to $400,000 be softened.




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