Real Estate Market in Turkey

Keeping up with a skyrocketing rise, Turkey’s property market saw its best May ever in real estate sales to foreigners across the country. What’s more, the market has hit all-time figures in sales to foreign buyers during each month since the beginning of the year.⠀⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Sales to foreign buyers jumped by 62.5 percent last month to some 3,925 units, up from 2,415 units in May 2018. As for the January-May period, purchases by foreign residents surged significantly, from 9,756 to 17,263, posting an increase of 77 percent, according to the Turkish Statistical Institute (TurkStat) Monday.⠀⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Legislative amendments that eased citizenship with investment limits for foreigners, campaigns launched by real estate developers and banks, and spiking foreign currency brought an annual record a 78.4 percent increase in 2018 compared to the previous year. Some 39,663 properties were sold to foreign investors last year, the highest number ever. In 2017, foreigners bought 22,234 units.⠀⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Overall last year, over 1.37 million property sales were recorded in Turkey, while around 650,000 of them were new builds.⠀⠀⠀⠀⠀⠀

The most prominent places are Kuruceşme, Şişli and Çamlica.

Please use the form to send me additional questions.

You may also visit my Instagram, where I post daily news from Turkish market.

View this post on Instagram

Where business meets pleasure in Istanbul⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Perhaps you, like a lot of my post readers, are in Istanbul for business. If you’re anything like me, you need to find a place to have a quiet meeting, looking forward to a good drink at the end of the day and maybe getting in a little shopping in between.⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ The secret is out: there is a gentlemen’s club in Zorlu Center inside the Greenwich watch store in Raffles Arcade. Opened last autumn, Le Baron serves as a bar, a restaurant and also a lounge where you can hold your meetings while offering your clients a selection of 60 French wines, 40 whiskeys and cigars. If you happen to be here on a Friday, stay a little longer to catch some jazz tunes and sample some of their signature cocktails. The restaurant with the terrace overlooking outside the mall offers an exquisite trolley service, from where you can taste their delectable Parmesan risotto and the Le Baron steak. Open Monday-Sunday, midday-3am.⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ The other offer is Sunset Grill Bar. Open since 1994, Sunset Grill & Bar today is one of the leading fine dining restaurants in Istanbul. Located on a hilltop below Ulus Park in the upscale neighborhood of Ulus, offers spectacular view of the Bosphorus, and Asian shoreline.⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Initially specializing in “California” cuisine and also preparing the best grilled steaks in Istanbul. Noticing the rise in the popularity of Japanese cuisine in the city, in 1999 Sunset was the first restaurant in Istanbul to add a Sushi Bar for the discerning clientele.⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Looking for best place to host your meeting, contact me for details. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ .⠀⠀⠀⠀⠀⠀⠀⠀⠀ #businesstrip #travel #business #travelgram #trip #finland #startup #instagood #work #marketing #businesspassion #businesslife #businesswoman #businessman #london #businesstravel #port #working #entrepreneurship #success #entrepreneur #view #entrepreneurlife #sea #entrepreneurlifestyle #instapic #helsingfors #gaytravels #businessowner #architecturephotograph ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Sent via @planoly

A post shared by Luiza Celik | Brand Strategist (@luizacelik) on

Let’s work together.

Luiza Celik

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.