The Turkish Real Estate Bazaar’s Growing Influence

  • 2 years ago
  • 1

My home, my home. My sweet home. Our houses represent an essential role in our daily lives. So what about our properties on the other side of the border? Everybody wants to own a property, but buying property in another country lets you engage yourself in a different cultural heritage and explore a diverse landscape. Also, one of these reasons could be the country’s attractiveness and benefits in the investment economy.

Turkey has been one of the top alternatives for investors from various regions, particularly in real estate investment in recent years. And its popularity is still steadily improving. There may be several reasons for this, including natural beauty, historical wealth, social ecosystems, and tourism opportunities. It’s also possible that the cause is solely financial. But let’s take a closer look at this trend using statistical data.

What was the growth rate of foreign investors in Turkey in 2021?

According to GIGDER’s report, foreign investors purchased 30,849 residences in the first eight months of 2021, based on TUIK statistics. In 2021, sales climbed by 47.6%, with 30,849 sales in total, while sales in August increased by 50.7 percentage, reaching 5,866. When we look at these statistics, it’s apparent that international investors trust Turkey’s economy. With the improvements in interest rates and the development of significant ventures in Turkey, this momentum will multiply.

So, what is it about Turkey that makes it so appealing to investors?

The top three countries that buy houses from Turkey are Iran, Russia, and Germany. If we look at it from the perspective of income, international investors from high-income groups tend to go toward central and well-known regions. Individuals desire to invest in environmentally conscious countries and match their expectations, especially in light of changing and diversified working styles as a result of the global epidemic, shifting personal preferences as a result of climate change, and technology advancement. The notions of “green living,” “smart and green buildings,” zero/low carbon structures, renewable and environmentally friendly materials, and “sustainability,” which are included in all aspects of projects, have become essential facts of our lives and worldwide real estate investments.

So, what is Turkey’s response?

It is not slowing down in its preparations for the next investing season. In Turkey, green buildings have been developed with sustainability in mind and smart buildings that leverage the power of future technology and solid construction projects. Turkey, which places importance on green construction, appears to be influenced by investors seeking to make long-term investments because of its economic attraction and eco-friendly green structures.

If you’re considering investing in Turkey, don’t forget to check Inhouse Bodrum’s variety of advantages. With the assistance of Inhouse Bodrum’s professional team, you can avoid missing out on great investment opportunities and make appropriate investments in the proper locations.

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