The property sales in Turkey in July 2023 increased by %16,7 when compared to the same month of the last year. Istanbul still remains the most popular city for property purchases in Turkey.
Property and House Sale Statistics in Turkey for July 2023
According to TUIK statistics Turkish property purchases were 109.548 in July 2023. This shows property and house sales increase is %16.7 compared to the same month of the previous year. The statistics show that interest in real estate in Turkey is still in high demand.
Istanbul, the biggest investment center in Turkey also saved its popularity. The city of Istanbul is in first place in terms of property purchases. A total of 15.724 property sales are completed in Istanbul in July.
Istanbul had the %14.4 of the total sales completed in July. Istanbul is followed by Ankara with 9.688 sales and İzmir with 5.203 sales. The capital city Ankara and the western pearl Izmir became the second and third most popular cities for real estate investment.
Russian Buyers Drive Turkey's Property Sales Boom in July
In July, buyers from Russian Federation were in first place in terms of property and house sales to foreigners in Turkey. Russians bought 772 properties in Turkey in 2023 July. They are followed by Iranians with 204 property purchases, Iraqis with 204 purchases, and Ukrainians with 146 purchases.
As the statistics show, real estate in Turkey is highly demanded by investors. Reasonable prices, high construction quality, and profitable return rates make Turkey an ideal option. The biggest center of attention Istanbul also draws the attention of both local and international investors.
There are many locations for purchasing a property. In these options, Istanbul is the very perfect place to invest in real estate in Turkey. You may benefit from all aspects of Istanbul by investing in or purchasing a new home for yourself.
As an international gateway, Istanbul offers profitable investment opportunities, rich amenities, numerous property options, and many more. It is the right time to invest in Istanbul, the center of the world.