Real Estate

Esenyurt and Beylikduzu were the districts where the most housing was sold to foreigners

Esenyurt, with 7 thousand 905 units, was at the top of the districts where the most residences were sold to foreigners in Istanbul in the 11 months of the year, followed by Beylikduzu with 2 thousand 608.

Esenyurt, with 7 thousand 905 units, was at the top of the districts where the most residences were sold to foreigners in Istanbul in the 11 months of the year, followed by Beylikduzu with 2 thousand 608. According to TUIK data, house sales to foreigners increased by 39.4% in the 11 months of the year compared to the same period of 2020 and became 50 thousand 735. Almost half of the residences bought by foreigners across the country, 46%, were sold in Istanbul.

In the January-November period, house sales to foreigners in Istanbul increased by 37% and reached 23 thousand 169.

According to the research of Nevita, a real estate sales company to foreigners, Esenyurt was at the top of the districts where foreigners bought real estate the most in 11 months of the year, with 7 thousand 905 units.

Esenyurt, the most crowded district of Turkey, where suitable housing for all income groups can be found, flat prices are below the average of Istanbul, and where both branded projects and independent buildings are frequently located, has become the most preferred place by foreigners due to such features.

Esenyurt is followed by Beylikduzu with 2 thousand 608 residences, while the total of the two districts reached 10 thousand 513. The number of sales made to foreigners in Esenyurt and Beylikduzu constituted almost half of the provincial average, 45.4%.

BASAKSEHIR AND AVCILAR ARE IN THE FIRST RANK

Basaksehir was the third district where foreigners bought the most housing in January-November period with 1,734, followed by Avcilar with 1,104. During this period, the figure of 1,000 was exceeded in 4 districts.

In 11 months of the year, 839 houses were sold in Kagithane, 772 in Buyukcekmece, 654 in Zeytinburnu, 644 in Bagcilar, 600 in Kucukcekmece, 581 in Kartal, 541 in Kadikoy, 515 in Sariyer, 486 in Sisli, 460 houses were sold in Umraniye.

Bahcelievler 393, Bakirkoy 355, Fatih 351, Beyoglu 346 and Eyupsultan took place in the list with 322 houses. In the total of other districts, 1,959 houses were bought by foreigners.

‘ISTANBUL STARTED TO ATTRACT THE ATTENTION OF FOREIGN INVESTORS IN REAL ESTATE’

Nevita Chairman of the Board Faruk Akbal, in his evaluation of the data to AA correspondent, stated that Turkey had a very good year in terms of international real estate investors, and talked about the increase in 11 months.

Expressing that the number of foreigners paid for housing in Turkey has started to increase and the number of western buyers has increased, Akbal emphasized that especially Istanbul attracts the attention of real estate investors, as it does in every other area, and that there is a serious increase in this area.

Talking about the unique advantages and opportunities Turkey has, Akbal said that both Turkey and Nevita will close 2021 with records in house sales to foreigners.

Faruk Akbal stated that foreigners no longer feel comfortable in these countries due to the increasing nationalist movements and increasing Islamophobia in the West, and said, “In this respect, Turkey has a great opportunity. Turkey is a country that has embraced people of different religions, languages and nationalities throughout its history. The value of this is also understood much better these days. In this changing world, Turkey can be a real center of attraction for foreigners.’

Source: Sabah / Translated by Irem Yildiz

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