GİGDER carried out a new field research to measure the tendencies and expectations of foreign investors. Accordingly, 92.7% of the real estate property investor in Turkey continues to hold in his hand. 4 foreigners who invest in Turkey aims only one citizenship. Foreigners in spite of everything, safely invest in real estate in Turkey, citizenship is not the only factor in determining investment decisions.
Real Estate International Promotion Association (GİGDER) carried out a new field research to measure the tendencies and expectations of foreign investors. The output of the research conducted by the research firm AGS Global in 8 languages with 410 international investors from 48 countries who have real estate investments in 12 cities of Turkey, showed that the 92.7% of the investors held their real estates and their ownership period is 5,7 years. According to the survey, foreign investors in Turkey, the time spent 2.8 months / year, while the number of pieces of real estate 1.66. In other words, foreigners despite all negative developments in global markets looks confidently to the Turkey real estate market.
As well as the Turkey market, the UK market in depth investigation “Competition and Inspiration: Turkey Foreign Real Estate Next to Export Oriented Investment Rethinking” the first part of the research from the public Informing the next chapter will be shared in the future. Other important data in the first part of the research are as follows:
The share of housing sales to foreigners increased to 2.7%
The share of foreign investments in the world real estate market, which is approximately 400 billion dollars, is around 2.6-3%. Having a share with $ 6.85 billion level of 10.6% in 2015. The ratio of house sales to foreigners in Turkey, which took place at the end of 2020 by 1.7% to 2.7%.
Citizenship alone is not a reason for investment
According to the data, 75.4% of participants in the investment process in Turkey did not make any citizenship application or when you mean to get citizenship,% 14.6 of investors who bought real estate in Turkey ‘Turkish citizenship’ as it was during the application process. 1 out of every 10 investors participating in the research, T.C. He states that he has completed the process of acquiring citizenship.
For foreigners, the first investment is mostly in Istanbul with 61%
Research in the standings cities they buy real estate in Turkey by foreigners, while first place in Istanbul ranked first with 61%, followed by 27.4% in Antalya, Trabzon followed by 3.7%. Kemer and Alanya are in the top 5 with 2% and Yalova with 1.2%.
Most flat is preferred, housing is purchased for an average of 151 thousand USD
In the study where the first real estate type purchased was stated as ‘flats’ with a rate of 90.4%, it is followed by detached houses-villas, commercial real estate, buildings, dormitories and land respectively. Foreign investors in light of the types of real estate purchase in Turkey, is stated as the average amount they paid 161 500 dollars, the figure is located only 150 750 dollars in the residential segment. According to the research, the interest of investors at this point is mostly in new projects. The real estate owned by 57.2% of the respondents is “new”, while the real estate of 31.8% is under construction and 11% is second hand.
Jordan in investment, Russia on vacation, England at the top in establishing a permanent life
When buying real estate purposes from Turkey examined by 45.40% investment, it seems to be the first cause. According to the data provided by giving multiple choice opportunities to the participants, it is followed by short-term vacation with 30.50%, permanent life with 27.80%, citizenship with 27.60% and retirement with 23.70%, respectively. In the ranking, residence permit is expressed with 13.90%, education with 9.5%, business-commercial reasons with 6.8% and other reasons with 8.10%.
When country-based investment purposes are examined within the scope of the research, it is noteworthy that Jordan stands out in the list of countries that buy real estate with 89.5% for investment purposes and 84.2% for citizenship. While Russia is among the countries that buy real estate for short-term holidays with 76.5%, retirement with 35.3% and health reasons with 23.5%, the UK is among the countries that buy real estate for the purpose of building a permanent life with 50% and education with 25%. takes place. In the research, Iran ranks first among the countries that buy real estate with 46.2% residence permit and 23.1% for business / commercial reasons.