Favorite Cities For Real Estate Buyers In April 2019

Favorite Cities For Real Estate Buyers In April 2019

Life in Turkey reflects a cultural diversity where the most current present coexists with centuries-old traditions.

Since it extends from Eastern Europe to Asia Minor and Culturally, it is linked to the ancient Greek, Persian, Roman, Byzantine and Ottoman empires. And Thanks to its strategic location at the crossroads, Turkey has an ideal climate, a rich history and plenty of activities to do.

Moreover, with an estimated population of 81 million, Turkey offers excellent opportunities for real estate developers and investors by combining a vast construction sector with increasing commercial and industrial production. This is why it’s considered one of the most promising real estate markets in Europe.

And this is confirmed by the fact that the data on housing sales to foreigners has shown that the housing sales to foreigners in the fourth first months of this year has experienced a very remarkable increase compared to the same period of last year, and this increase is manifested especially in April, since the housing sales to foreigners increased by 82.1% this year compared to the same month of 2018. While Istanbul remains at the top of the list of favorite cities in Turkey.

List of top 5 preferred cities for real estate buyers in April 2019

Istanbul

As it is the largest city in Turkey, For many people Turkey is Istanbul. Istanbul is a cosmopolitan city located in the Bosphorus Strait, home to some of the most famous and important historical museums and monuments. Istanbul is the financial, commercial, industrial and cultural center of Turkey with 80 million inhabitants.

In addition to its wealth at all levels, as well as its climate the cost of living in Istanbul is much lower than many other European cities.

All these advantages and characteristics have allowed Istanbul to always rank first in the list of cities preferred by foreign investors throughout the year and especially in the month of April which is always the month that knows a max number of real estate purchase, for the month of April this year, the number of real estate sales in Istanbul has reached 1839 units sold; compared to April of last year with 676 units; and reached a total of 6,160 units in the first 4 months of the year.

Antalya

Nicknamed Queen of Beauty, Antalya is the largest city and one that quickly became one of the most important cities on the Mediterranean coast of Turkey.

Its Mediterranean climate makes it’s winters mild and very rainy and it’s summers hot and dry. It is a dream destination with its steep cliffs, clear sea, beautiful beaches with green vegetation and mysterious caves.

If Istanbul is the best-known destination in Turkey, Antalya is no exception and is undoubtedly the second choice for foreigners who buy a property for sale in Turkey, in April 2019, 676 units were sold to foreign investors which made it possible to reach a total of 2575 units over the first 4 months.

Yalova

NickNamed the city of magic and beauty, thanks to the mildness of its Mediterranean climate and the charm of its nature. It is characterized by the fact that it is surrounded by the 3 most visited major cities of Turkey, which are Istanbul; Bursa and Kocaeli.

And it is known to be a centenary healing center with its thermal baths, which is one of the most important spa tourist destinations of Anatolia.

The good weather conditions have helped to increase the real estate investment of this city, so that it can display a total of 551 over the period of January-April this year, with 142 sales in April alone.

Ankara:

The cosmopolitan capital of Turkey is located in Central Anatolia, on the eastern edge of the Great and High Anatolian Plateau. Because of its location in the center of the country, the region is a historical crossroads of major trade routes and a crossroads of migratory rivers. With its yellow wheat fields, its young volcanoes and its infinite steppe, the plateau offers a severe landscape although its history reveals millennia rich in emotional episodes, The capital of Turkey is a perfect choice for foreigners seeking a property for sale in Turkey, the investors are aware of this truth that is what has allowed his Ankara to rank third on the list of the best cities, with 761 units sold in the first four months and 210 units for April alone.

Bursa

Bursa is the fourth largest city in Turkey, located in the northwest of the country, it is located on the lower slopes of the famous Uludağ Mount on the road to Izmir, it is a vibrant city, lively and modern. It is the first capital of the Ottoman Empire. The city is rich in the historical heritage of many museums and mausoleums of Ottoman pashas. Thanks to its exceptional beauty, its lively population, its social and commercial appeal, and its remarkable sites. The Bursa real estate market is undoubtedly on the list of the best choice of foreign investors who wants to buy a property in Turkey, with 201 units sold in April and a sum of 691 in the first months.

CityIstanbulAnkaraAntalyaBursaYalova
Units Sold in April 20191839210676201142
Units sold in January-April period61607612575691551

Overall, Turkey registered 84,403 home sales in April, an annual decline of 18.1%, according to TurkStat. Istanbul recorded the largest share of home sales with 18.3% and 15,481 homes sold. Istanbul followed by the capital, Ankara 7,519 units and Izmir with 4,797 sales of homes, representing respectively 8.9% and 5.7%.

Buyers ranking

Considering the nationality of the foreign buyers in Turkey, Iraqi citizens are again at the top of the list of major foreign buyers in terms of nationality. After purchasing some 337 homes last April, Iraqis became homeowners of 533 homes in the same month of this year. Iraq was followed by Saudi Arabia with 395, Iran 332, Kuwait and Russia with 202 units sold. In the January-April period, Iraqis led the way with 2,314 houses purchased, followed by Iranians with 2,278, Saudis with 835, Russians with 789, Afghans with 696 and Kuwaitis with 605 units.

Despite the phenomenal change in real estate sales, we find that the ranking of the most sold cities and nationalities remains the same. And even the month that knows numbers higher than the other months of the year is always the month of April, for all years.