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Overview of the Turkish Real Estate Market in 2023

Overview of the Turkish Real Estate Market in 2023

The Turkish Statistical Institute (TUIK) has published the report on property sales statistics of 2023. A Total of 1,225,926 Properties were Sold in Turkey, 2023 In 2023, Turkey witnessed the sale of 1,225,926 residential properties, marking a 17.5% decrease compared to the previous year. Istanbul led the sales with 198,739 properties, accounting for 16.2% of the total sales, followed by Ankara and Izmir with 114,432 and 65,465 sales respectively. The lowest sales were recorded in Ardahan, Hakkari, and Tunceli.
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Turkey Real Estate Market Analysis and Expectations for 2024

Turkey Real Estate Market Analysis and Expectations for 2024

Overview of the 2023 Turkish Property Market A notable rise in property prices has been noticed since early 2023, with an increase of 109%. By August 2023, the average price for a home in Turkey reached about $100,316. This is a sharp increase from the end of summer 2022, when the average was $81,510, and the annual price growth was even more rapid at 203%. This growth was one of the steepest increases ever recorded by Turkey's Central Bank. Despite higher prices, the housing market in Turkey is expanding. During the first seven months of 2023, there were 1.6 milli...
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Why Do International Buyers Choose Luxury Properties in Alanya?

Why Do International Buyers Choose Luxury Properties in Alanya?

Alanya, a coastal city on the southern coast of Turkey, is a popular destination among international and Turkish buyers looking for luxurious and modern properties. The real estate purchase and sale in Alanya is made with Pounds, Dollars, or Euros nowadays there are more foreign investors compared to previous years. Although local buyers have made fewer property purchases in Alanya and its surroundings, the increase in foreign sales has reached astonishing levels. Investors from various regions of the world, including Europe and East Asia, want to make money at competitive prices in this ne...
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Be Our Guest at the The United Property Expo Exhibition in Moscow

Be Our Guest at the The United Property Expo Exhibition in Moscow

Being one of the best real estate agencies in Turkey, we will be participating in UNITED PROPERTY EXPO, one of the largest overseas property fairs in the world. The aim of the event is to create a productive atmosphere for future beneficial partnerships, so interested parties and potential property buyers can discuss specific topics on the issue of buying property...
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Real Estate Sales Statistics to Foreigners in Turkey in 2022

Real Estate Sales Statistics to Foreigners in Turkey in 2022

Property Sales Report in Turkey According to the TUİK (Turkish Statistical Authority), 1 million 485 thousand 622 properties were sold in 2022. Despite a 0.4% decline in overall sales compared to the prior year, foreign sales increased by 15.2% with foreign sales of 67 thousand and 490 apartments in total.
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