Real estate sales in Turkey rise to record numbers despite Corona

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The real estate market in Turkey was able to achieve a large percentage of sales that reached record numbers despite the spread of the new Corona virus, which constituted a major blow to the real estate sector in Turkey. After the stagnation in the real estate market in Turkey due to the Covid-19 virus, the real estate market in Turkey returned to the top in the percentage of sales of apartments and land for construction, This is according to the Director General of Land Registry and Land Survey in Turkey.

Real estate sales rise in Turkey

The Director General of Land Registry and Land Survey in Turkey, Muhammad Zaki Adly, said in a press interview with the Turkish Anadolu Agency, The real estate sector sales in Turkey in general, and apartment sales in particular, It achieved record numbers after the recession in the real estate sector in Turkey in the second, third and fourth months of 2020, Due to the travel ban and preventive measures to limit the spread of the new Corona virus, which struck all countries of the world, and threatened all sectors in all countries of the world, And it became the first danger to all countries of the world to this day.

The Director General of Land Registry and Land Survey added: “The real estate market in Turkey witnessed a great demand, both internally and externally, After starting to return to normal life, And real estate sales in Turkey achieved numbers that exceeded sales of previous years. The sales progress was evident in the lands and apartments sectors.”

Adly stressed that sales of construction lands in Turkey witnessed a large percentage of great progress in 2020, In the first ten months, sales of land for construction amounted to From last year 368 thousand and 215 plots of land, Thus, achieving an increase of 20% over sales of land intended for construction in the same period last year.

According to the Director General of Land Registry and Land Survey, The city of Istanbul topped at the expense of the Turkish states the best-selling lands for construction in Turkey, And followed, in order, by Ankara, Izmir, Antalya, Konya, Gaziantep, Adana, Kocaeli, Bursa, Tekirdag.

20 thousand daily requests for real estate sales in Turkey

The Director General of the Real Estate Survey said that the residential apartments sector witnessed a significant increase in demand and sales in a record manner, after the recession that this sector witnessed after the spread of the new Corona virus. Which the real estate market in Turkey suffered during the months of the comprehensive ban in all Turkish states, Pointing out that the reductions in the interest of housing loans, approved with the procedures for returning to normal life, It had a significant impact on revitalizing the internal real estate market for residential apartments. Which in turn positively affected foreign sales.

In his statements to Anadolu Agency, Adly pointed out that the great activity in the sales of apartments, It varies between states. saying: “The rate of increase in demand for apartments in the first ten months in all of Turkey was 27 %، However, this percentage has reached in some states with high demand, such as Istanbul, Antalya and Izmir, to nearly 300%.

And the Director of Land Registry and Real Estate Survey indicated that the city of Istanbul was in the first place in the sales of apartments, It was followed by Ankara, in second place. Izmir came in third place. Antalya ranked fourth. Then Bursa fell in fifth place, Mersin ranked sixth. Then Konya ranked seventh. Kocaeli followed in eighth place. While Adana was ranked ninth, And Gaziantep ranked tenth.

Huge facilities for buying a property in Turkey from abroad

The Turkish Ministry of Environment and Urban Planning has opened 12 representations to ensure that the title deed is registered regularly without traveling to Turkey. This new service is among the huge facilities for buying a property in Turkey. This service is provided to countries abroad. It was announced by the government, which paid great attention to this service, especially with the aim of expanding the volume of real estate sales and for the purpose of increasing Arab investors in Turkey. With the aim of facilitating the process of real estate ownership on Turkish lands for those wishing to own from abroad.

In the month of 8 of 2019, the Turkish government issued a decision stipulating the opening of a real estate representation office for Turkey in five countries, including Arab countries, for those wishing to buy a property in Turkey from countries abroad. Where a new decision came to increase the number of Turkish real estate representative offices in countries abroad.

The opening of 12 real estate representations of Turkey in 10 countries

With the continuation of Turkish real estate development and government interest in developing real estate infrastructure and supervising some cities and residential real estate projects, the Turkish government continues to strengthen the real estate sector by opening government representations to register real estate titles in a number of Arab and foreign countries, where the process of registering real estate owned in Turkey has become easily and accurately and with high accuracy. after.

Thanks to the real estate registration representations opened by the Turkish government in Ankara in a number of Arab and foreign countries, with the increase in the number of people coming to own real estate in Turkey in recent years, It was possible to register real estate owned by foreigners in Turkey without coming to it, This is done through representations within the Turkish consulates in those countries.

Buying an apartment in Turkey

The Turkish Ministry of Environment and Urban Planning launched, A project for the opening of real estate registry/Turkish Land Registry offices, in a number of countries, Through 12 representations in 10 countries, It includes Belgium, Azerbaijan, France and several Arab countries. It allows foreigners and Turkish expatriates to buy and sell real estate and register it regularly without the need to travel to Turkey.

Quoting a source in the Turkish Ministry of Environment and Urban Planning to Anadolu Agency, The first overseas sale in this way, Done in the Consulate General in Berlin in an integrated manner on April 22, 2020, The deal was made between a Turkish expatriate and a citizen of Konya Province.

It was also followed by the sale and purchase of many real estate in Turkey, between citizens and foreigners abroad from several Arab and foreign countries, Thanks to these representative offices, the number of real estate sales in Turkey has increased to a record, despite the spread of the new Corona virus, which has limited freedom of travel and movement from Arab and foreign countries on the one hand, and Turkey on the other.

It is expected that these representations will play a clear role in increasing the demand for buying and selling real estate in Turkey by foreigners, Because of the great facilities that this new mechanism entails during the trading of real estate goods in Turkey from abroad.

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