Foreign investors bought more than 45,000 houses in Turkey during 2019
A striking feature of this report is the statistical analysis of top foreign buyers in eight (8) different languages - English, Arabic, Persian, Russian, German, Azerbaijani, Swedish and Urdu. According to the statistics, top foreign buyers of Turkish residential properties in 2019 came from the following counties:
Iraq (7,596); Iran (5,423); Russia (2,893); Saudi Arabia (2,208); Afghanistan (2,191).
Buyers from Germany, Sweden, the UK and the USA were also among the top-20 nationalities buying houses in Turkey. An interesting change observed in 2019 was the surge in interest from Chinese and Pakistani nationals who, respectively, bought 446 and 368 houses in Turkey, a year-on-year increase of 124% and 142%.
''Turkey, with its unique geographic location, is one of the most promising real estate market in Eastern Europe. It is also one of the most sought-after tourist destinations in the Mediterranean. After experiencing a recession in the second half of 2018, Turkish economy grew in both the first and second quarters of 2019,'' commented Dr. Hussain Farooq, President and chief citizenship specialist at HF Corporation, a firm that advises its discerning clientele on the global citizenship programs and constantly monitors the development of such programs around the globe, in addition to publishing some of the most comprehensive reports in the citizenship industry.
''Availability of serviced apartments and quality homes, great ease of doing business coupled with unique agreements of Turkey with the developed world make Turkey an attractive place for both living and doing business. Citizenship by investment program of Turkey has further fueled the interest of Middle Eastern and Asian buyers in particular,'' concluded Dr. Farooq.
Suite 3, Level 1, Cantt. Board Plaza, Tufail Road, Lahore, Pakistan, 54000.
HF Corporation is a citizenship- and investment-advisory firm which, on one side, advises high net worth individuals on acquisition of second citizenship and residence; while on the other hand it also runs a governments advisory practice that liaises with different governments to assist them in building strategies that could help in bolstering foreign direct investment in their countries.
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