Russian Purchasers Drive the Increase in Turkish Real Estate Sales

In July 2023, there were 16,7% more real estate sales in Turkey than there were in the corresponding month the previous year. Turkey's most popular city for buying real estate is still Istanbul.

Turkey's July 2023 statistics for home and property sales

Istanbul, Turkey's largest financial hub, managed to maintain its standing. Turkish property acquisitions totaled 109.548 in July 2023, based on TUIK statistics. According to this, sales of homes and other real estate have increased by 16.7% when compared to the same month last year. The data indicates that there is still a strong demand for Turkish real estate.

 

Istanbul, Turkey's largest financial hub, managed to maintain its standing. In terms of real estate acquisitions, Istanbul comes in first. Istanbul completes 15.724 home transactions in total in July.

14.4 percent of all sales were finalized in Istanbul in July. Ankara comes in second place with 9.688 sales, and Izmir comes in third with 5.203 sales. The second and third most attractive cities for real estate investment are Turkey's capital Ankara and the western gem Izmir.

Turkey's real estate market boom in July is fueled by Russian buyers

Turkey's real estate market boom in July is fueled by Russian buyersIn terms of real estate and home sales to foreigners in Turkey in July, purchasers from the Russian Federation came in first. In July 2023, Russians purchased 772 houses in Turkey. They are followed in terms of property purchases by Iranians (204), Iraqis (204), and Ukrainians (146).

According to data, investors have a significant demand for Turkish real estate. Turkey is a great option because of its affordable costs, superior construction quality, and excellent return rates. Investors from both domestic and foreign markets are drawn to Istanbul, the focal point of focus.

There are various places to buy real estate. Istanbul is the ideal location to invest in Turkish real estate in these possibilities. By making an investment in or buying a new home for yourself, you may take advantage of everything Istanbul has to offer.

Istanbul serves as a gateway to the world and provides a wealth of facilities, lucrative financial prospects, and many other things. Istanbul, the geographic hub of the world, is a great place to invest.