Are you looking for apartments for sale in Turkey this year? The search for the perfect property can be overwhelming, but fear not! We have got you covered. Our updated listings feature a wide range of apartments that cater to various lifestyles. Whether you're in search of a budget-friendly home with mesmerizing sea views or a luxurious penthouse fit for a millionaire, we have the perfect option for you. Buying a house in Turkey has never been easier. Simply browse through our listings, and choose the one that speaks to you.
Turkey's strategic location between Europe, the Middle East, and Central Asia has made it one of Europe's most promising real estate markets. Real estate developers and investors are flocking to this vibrant country, and apartments are among the most sought-after properties. Foreigners, in particular, are drawn to Turkey, either for investment purposes or to obtain Turkish citizenship by purchasing a property worth $250,000.
The State of Apartment Sales in Turkey for 2022
In August, apartment sales in Turkey saw a slight decline of 17.0% compared to the same period last year. However, Istanbul remained the top city for apartment sales, accounting for 17.2% of the total sales. Ankara and Izmir followed closely behind, with 9.6% and 5.5% respectively. On the other end of the spectrum, Hakkari and Ardahan recorded the lowest apartment sales figures.
Mortgaged Apartments: A Closer Look
Sales of mortgaged apartments in Turkey experienced a significant drop of 64.0% in August compared to the previous year. Mortgaged apartment sales constituted 19.4% of all apartment sales. Istanbul dominated the mortgage sales market, with a staggering 20.6% share. Conversely, Hakkari had the lowest number of mortgaged apartment sales, with just a single unit sold.
Exploring Different Types of Apartment Sales
August witnessed a growth of 20.8% in other forms of apartment sales in Turkey compared to the previous year. Istanbul claimed the lion's share, accounting for 16.4% of all sales. Ankara and Izmir followed suit with impressive sales figures. However, Hakkari once again lagged behind, recording the lowest sales numbers.
First-Time vs Secondhand Apartment Sales
New apartment sales in Turkey suffered an 18.2% decline in August, making up 30.2% of overall apartment sales. Istanbul, as expected, led the pack with the highest proportion of new apartment sales. Ankara and Izmir followed suit, showcasing the demand for newly-built properties.
On the other hand, secondhand apartment sales in Turkey saw a 16.5% decrease in August. Istanbul dominated this market as well, accounting for 73.8% of all secondhand apartment sales. Ankara and Izmir claimed the second and third positions respectively.
Apartment Sales in Turkey: January to August 2021
In the period between January and August 2021, apartment sales dipped by 21.7%, with mortgaged apartment sales experiencing an even more significant decline of 67.9%. However, there was a silver lining, as other forms of sales recorded a commendable growth of 17.9%. First-time house sales witnessed a decrease of 23.5%, while secondhand home sales plummeted by 20.9%.
Attracting Foreign Buyers
Foreigner apartment sales in Turkey saw a remarkable increase of 50.7% in August compared to the previous year. Istanbul emerged as the top destination for international buyers, with Antalya, Ankara, Mersin, and Yalova also attracting significant attention.
Iranians Top the List
Among foreigners purchasing apartments in Turkey, Iranians secured the top spot in August, buying a total of 911 units. Iraqis, Russians, Afghans, and Kuwaitis also showed great interest in Turkey's real estate market, contributing to its vibrant and diverse landscape.
If you're searching for the perfect apartment in Turkey, look no further. With our updated listings and expert guidance, you'll find your dream home in no time. Let us be your trusted partner in this exciting journey.
Image Source: data.tuik.gov.tr + euronews + sozcu
