The Most Foreign Investers of Real Estate in Turkey?
Through our article today in Easy Buy Estate, we will clarify the most important countries and nationalities that buy real estate in Turkey, and we will highlight the preferred Turkish states for foreign real estate investment. Follow the details with us.
The most countries and nationalities buying real estate in Turkey in 2022
According to statistical data issued by the Turkish Statistical Authority TÜİK, residential apartment sales to foreigners in Turkey increased by 15.2% during the year 2022 compared to the year before, bringing the number of properties sold to foreigners during the past year to 67,490 properties.
According to data from the Turkish Statistics Authority, the classification related to the foreign nationalities that buy the most real estate in Turkey witnessed the presence of two Arab nationalities in the top ten ranks, which came as follows:
1. Russians
Russian nationality maintained its lead in the list of foreign nationalities most in demand for real estate investments in Turkey. It is noted that real estate overlooking the Mediterranean Sea in Antalya, and the geographical climate known for its warmth in the Mediterranean region, are among the main factors that tempted Russian citizens to own real estate in Turkey.
In this context, Russian citizens came in first place as the most foreign nationalities purchasing residential apartments in Turkey during the year 2022, purchasing 16,312 residential apartments.
2. Iranians
Iranian nationality ranked second after Russian nationality in the ranking of foreign nationalities purchasing the most real estate in Turkey, as the number of properties sold to Iranian citizens reached 8,223 residential apartments during the year 2022.
3. The Iraqis
It is noted in the real estate data issued by the official platforms in Turkey that there is a great demand by Iraqi investors for real estate investment in Turkey, as Iraqis ranked first in the Arab world and third in the ranking of foreign nationalities purchasing the most real estate in Turkey by purchasing 6,241 residential apartments.
4. Germans
German nationality ranked fourth in the list of foreign nationalities that own the most real estate in Turkey, after the number of properties sold to German citizens in Turkey reached 2,705 properties throughout the Turkish states, as many German businessmen want to own real estate primarily in Istanbul and Antalya.
5. Kazakhs
The fifth place in the classification of foreign nationalities went to the Kazakh nationality, as the number of properties sold to Kazakh citizens reached 2,702 properties throughout the Turkish states during 2022.
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6. Ukrainians
Ukrainian nationality ranked sixth in the classification of foreign nationalities that owned the largest share of Turkish real estate, and the number of real estate sales to Ukrainians in various Turkish states during 2022 reached approximately two thousand and 574 properties.
7. Afghans
Afghan nationality ranked seventh in the ranking of foreign nationalities purchasing the most real estate in Turkey during the year 2022, as the number of real estate sales for Afghans reached 1,732 properties throughout the Turkish states.
8. Kuwaitis
Kuwaiti citizens have shown a great desire for real estate investment in Turkey in recent years. The State of Kuwait is one of the most important Gulf countries that occupies an advanced position in the classification of real estate sales to foreigners in Turkey. It is ranked eighth among foreign nationalities and second among Arab nationalities who buy the most real estate in Turkey. During the year 2022.
9. The Azrians
Turkish real estate constitutes a great source of attraction for the Azerbaijani nationality, due to the political, intellectual, cultural and linguistic rapprochement between Turkey and Azerbaijan, and as a natural result of this rapprochement between the two countries, the Azerbaijanis were ranked ninth in the ranking of the foreign nationalities that bought the most real estate in Turkey, as the number of properties sold to them reached one thousand. And approximately 330 residential apartments in various Turkish states during the year 2022.
10. Americans
The cheap prices of real estate in Turkey, combined with the high quality of construction, modern architectural styles, and reliance on international systems in construction, were strong factors influencing real estate ownership in the eyes of Americans. Therefore, we monitored in the Turkish real estate news a great desire for American citizens for real estate investments in Turkey, and this is confirmed by statistics. The publication states that Americans ranked tenth among the foreign nationalities that owned the most real estate in Turkey during the past year 2022, while the number of real estate sales to Americans in Turkey reached approximately 1,329 properties.