Real Estate 18.01.2022 642

Antalya Breaks Record in Home Sales to Foreigners!

Antalya is the most popular holiday city for foreign tourists in Turkey and also one of the preferred cities for foreigners to live in. Mahir Şükür, real estate appraiser at LikyaHomes, explained that the sector, which suffered losses in home sales to foreigners last year, grew to record levels in 2021, like many regions during the pandemic.

Home sales to foreigners rose 12.1 percent year-on-year to 5,893 units, according to October data from the Turkish Statistical Institute (TUIK). Apartments sold to foreigners accounted for 4.3% of the total housing sales.

Istanbul ranks first in foreign home sales with 2464 properties sold. Antalya followed with 1,385 home sales, up 30% in the city's first ten months and up 33% in October.

How many houses were sold to foreigners in Antalya in the first ten months of the year?

When asked how many houses in Antalya were sold to foreigners in the first ten months of the year, LikyaHomes real estate representative Mahir Şükür replied as follows. In the 10 months between January and October, home sales in Turkey to foreigners increased by 38% to 43,372. While Istanbul ranks first in Turkey with 20,247 inhabitants, Antalya with 8,640 inhabitants maintains its second place with an increase of 30%. Ankara, Bursa, Izmir, Muğla, Sakarya, Trabzon and Yalova were the other provinces where foreigners bought the most apartments.

Why do foreigners keep preferring Turkey?

Turkey is one of the cheapest countries to get citizenship because you can get a passport if you buy real estate worth at least $500,000.

With this purchase, which only takes a few months, you can get Turkish citizenship very quickly and at an affordable price. This process can be done remotely, you just have to include the appropriate paperwork.

Own an affordable property

Due to the sharp devaluation of the Turkish lira in recent years, it has become more profitable to buy real estate in Turkey in foreign currency. For foreign investors, real estate and living costs in Turkey are much cheaper than in the OECD countries due to the exchange rate difference. Compared to other countries, Turkey now spends less in its own currency, giving you the opportunity to live a more luxurious life. To take advantage of these opportunities, you can check our affordable properties on our LikyaHomes website.

Turkey's Geo-Strategic position

Turkey has many international projects due to its Geo-Strategic location between Europe and Asia. The new Istanbul Airport is one of these projects. It began operations on the European side. Istanbul Airport aims to handle 200 million passengers annually.

Istanbul Airport organizes flights to many different destinations around the world and, as part of its tourism vision, aims to generate at least $50 billion in tourism revenue and 50 million tourists by 2023.

Nice climate

Simultaneously experiencing all four seasons in Turkey is one of the most important factors in convincing foreigners to live in Turkey.

One of the rare countries where you can ski in the snow and swim in the sea in the same day, Turkey attracts millions of tourists from all over the world.

Historical heritage rooted in Turkey

Turkey has had many different great empires and civilizations over the millennia. It has a total of 17 cultural assets listed on the UNESCO World Heritage List. In addition, you will have the opportunity to experience every detail by walking the city streets just like those who lived in Turkey thousands of years ago. There is no doubt that living in this country is very attractive for foreigners as they are deeply affected by this deep-rooted history of Turkey.

If you are planning to buy property, apartment, villa or land in Turkey, do not hesitate to contact us or visit our LikyaHomes.

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