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Europeans Own Real Estate in Türkiye

01/12/2023 Investment in Turkey 406 Europeans Own Real Estate in Türkiye

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European ownership of real estate in Turkey has become clear in recent times as foreigners raced to buy real estate in Turkey , and there were nationalities that dominated their counterparts from other European countries, the most prominent of which were the countries of Germany, Britain, Canada, and Sweden.

Certainly, there are reasons and motives behind the desires of these European nationalities to buy real estate in Turkey, especially since the nationalities of European countries are known for their puritanism and lack of confidence in real estate investment in other countries, but Turkey has captivated the countries of the entire world with its real estate for many factors, so are European countries unable to do so ? See!

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Certainly not. Our article today will talk to you about the statistics and numbers of foreign real estate sales in Turkey during the period from the beginning of the current year 2022 until the first half of it. We will mention the number of properties sold to the nationalities mentioned above, and we will mention some of the motives that led to this, With the elements that Turkey has in general that are attractive to buying real estate in Turkey . 

Europeans own real estate in Türkiye

We will start with you about the reasons for owning real estate for the four nationalities that we mentioned previously, and we will start with you about the citizens of Germany. 

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First: Real estate ownership by citizens of the German state

  • There is a strong link between Germany and Turkey, whether in terms of the mentality of the citizens of the two countries, or the origin and development of each of them. The Turkish and German people have many commonalities, the most prominent of which is the nationalism of their country. Also, the industrial development of the two countries has placed them in the ranks of the most powerful economic countries in the world within the G20.
  • More than 5 million Turks live in Germany, and they came there more than sixty years ago after World War II, and they are still coming there as well, and they contributed to building Germany even at that time. The main reason that prompted Germans to buy real estate in Turkey is the pleasant climate in Turkey, the sun You may not see it in Germany for weeks, but in Turkey you see it on a daily basis. 
  • Getting some rest and enjoying the beauty of Turkey, along with the pleasant climate and cheap prices in Turkey, all of this prompted the Germans to buy real estate in Turkey , and most of their real estate investments are concentrated in the cities of Antalya, Bodrum, and then Istanbul. Therefore, real estate is for recreation and enjoyment in the summer within the Turkish cities. . 

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Second: Ownership of real estate for British citizens

  • Britain is called the City of Fog, as everyone knows it, and this is what increases the depressingness of living in it or the feeling of boredom, fatigue and exhaustion in light of this depressing atmosphere. This has prompted British citizens to search for a place that makes them feel comfortable, calm and relaxed to get rid of these burdens.
  • Turkey was their only outlet, especially since Turkey, as we know, has a pleasant climate in summer and even refreshing in winter, so the solution is to buy real estate there and gain beautiful times exposure to the sun’s rays in the summer, and enjoy swimming in the Sea of ​​Marmara, the Aegean Sea, and the Mediterranean Sea as well. 

Third: Real estate ownership by Canadian citizens

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  • The common denominator among all European countries in order to buy real estate in Turkey is the climate, climate, then geographical location. European countries live in a very cold climate in the winter periods, and the summer there are few days and the appearance of sunlight rarely occurs in most periods. 
  • Canadians also had an impact on buying real estate within Turkish territory, to the point that most of the population of Canada, as we know, are immigrants, and this is what encouraged most of them to buy real estate in Turkey from those who have acquired Canadian citizenship, whether they are citizens of Palestine, Iraq, or other nationalities. . 

Fourth: Real estate ownership by citizens of the Swedish state

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  • The citizens of Sweden suffer throughout the winter from the extreme cold and the absence of the sun for long periods. What is the solution then to obtain a pleasant climate? Of course, the solution is to buy a property in countries with a distinctive climate, a strategic geographical location, and a distinguished, cultured environment. So who enjoys all these elements? Of course Türkiye. 
  • As for the general characteristics that Turkey has, they are many. Let us get to know them: 

What are the requirements for buying real estate in Türkiye? 

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First: the distinctive and pleasant climate in Istanbul

  • Turkey has been the best place to live among the countries of the region in terms of climate, whether it is to escape from the extreme heat experienced by its neighboring countries, or the extreme cold that accompanies many European countries and neighboring Russian countries. Turkey actually enjoys a pleasant climate in summer and winter, so that it In winter there are days when there are heavy snow showers, but it is considered very beautiful and many people rejoice in its arrival because it decorates the city with a bright white garment. 

Second: The splendor of nature in Türkiye, with its water features and the Bosphorus Strait

  • Turkey is known to be located in a center that connects the continents of Europe and Asia, specifically in the city of Istanbul, a strategic geographical location in which this great country is centered. It is even considered a transit station for most flights heading to Asia and coming from Europe and vice versa.

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  • The beauty in Turkey does not end in all cities of Turkey, and discoveries continue to this day. The volume of tourism in Turkey is very huge, and the Turkish Statistics Authority has expected that the number this year 2022 will reach 47 million tourists by the end of the year, and it will increase by 12% of the size of the economy. Turkish, and all of this confirms the beauty of nature in Turkey and its beautiful tourism.

Third: Low real estate prices and their diversity in Türkiye

  • Real estate prices in Turkey are considered somewhat cheap compared to European markets, at a rate of no less than 25%, in addition to the fact that the data may also differ. The components present in Istanbul, for example, may be impossible to find in European countries, and if they exist, the prices will be very high in those countries. 

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  • So... buying real estate in Turkey with the most beautiful preferences, such as sea views, high-end services in the complexes, and proximity to city centers is a distinctive option that is unparalleled in other countries, and the value will rise permanently and continuously, and this is what we witnessed during our experiences with clients who have been able to be a bridge. them during the property purchasing process and obtain exceptional and cheap prices. 

European ownership statistics from the beginning of this year until the middle of 2022

First: the first month of January

Real estate sales to foreigners increased by 56.5% in January compared to the same month of the previous year 2021 and amounted to 4,186 properties. Istanbul ranked first with sales amounting to 1,771 properties, and Iranian citizens were in first place as they bought 711 properties from Turkey. As for... For European nationalities, they are in order as follows:

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  • Citizens of the German state 169 properties.
  • British citizens 100 properties.
  • Citizens of the Canadian state 58 properties.

Second: The second month of February

Real estate sales to foreigners increased by 54.9% in February compared to the same month of the previous year 2021 and amounted to 5,591 properties. Istanbul ranked first with sales amounting to 1,958 properties. Iranian citizens were in first place and bought 711 properties from Turkey. As for... For European nationalities, they are in order as follows:

  • Citizens of the German state 204 properties.
  • Citizens of the British state 82 properties.
  • Canadian citizens 40 properties.
  • Citizens of the Swedish state 54 properties.

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Third: The third month of March

Real estate sales to foreigners increased by 31.0% in the month of March compared to the same month of the previous year 2021 and amounted to 5,567 properties. Istanbul ranked first with sales amounting to 2,245 properties. Iranian citizens were in first place and bought 784 properties from Turkey. As for... For European nationalities, they are in order as follows:

  • Citizens of the German state 244 properties.
  • Citizens of the British state 140 properties.
  • Canadian citizens 88 properties.

Fourth: The fourth month of April

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Real estate sales to foreigners increased by 58.1% in April compared to the same month of the previous year 2021 and amounted to 6,447 properties. Istanbul ranked first with sales amounting to 2,564 properties, and citizens of the Russian state were in first place as they bought 1,152 properties from Turkey. As for European nationalities, they are in order as follows:

  • Citizens of the German state 221 properties.
  • Citizens of the British state 116 properties.
  • Canadian citizens 74 properties.

Fifth: The fifth month of May

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Real estate sales to foreigners increased by 235.7% in the month of May compared to the same month of the previous year 2021 and amounted to 5,962 properties. Istanbul ranked first with sales amounting to 2,451 properties, and citizens of the Russian state were in first place as they bought 1,275 properties from Turkey. As for European nationalities, they are in order as follows:

  • Citizens of the German state 247 properties.
  • Citizens of the British state 91 properties.
  • Canadian citizens 81 properties.

Sixth: The sixth month of June

Real estate sales to foreigners increased by 81.8% in June compared to the same month of the previous year 2021 and amounted to 8,630 properties. Istanbul ranked first with sales amounting to 3,906 properties. Citizens of the Russian state were in first place as they bought 1,887 properties from Turkey. As for European nationalities, they are in order as follows:

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  • Citizens of the German state 329 properties.
  • Citizens of the British state 144 properties.
  • Canadian citizens 105 properties.

In conclusion

In fact, it is no secret to anyone that the European presence has become greatly noticeable in the past few years, and we are currently seeing it in the summer period of 2022. That Turkey is able to attract large segments of Europeans is indeed an achievement to be reckoned with. Major cities have been filled with European nationalities, whether for tourism or Owning real estate in Turkey , the most prominent of which are Antalya, Bodrum, and Istanbul as well. 

In our article today, we provided you with a comprehensive detail about Europeans owning real estate in Turkey . We talked about the reasons and motives that influenced their turn to Turkey, as well as statistics for the most countries seeking to buy real estate in Turkey , the most prominent of which were Germany, Britain, Canada, and Sweden.

Damas Turk Real Estate Company offers you a summary of its experience in the Turkish real estate market for more than ten years. We have successful plans for investment in Turkey , and we also offer you the service of obtaining Turkish citizenship by purchasing real estate, through Turkish consultants and lawyers with knowledge and knowledge of the legal affairs in Turkey widely

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