Barnes Türkiye

Discover Unprecedented Opportunities in Türkiye's Booming Real Estate Market


Friday 05 April 2024

Picture Discover Unprecedented Opportunities in Türkiye's Booming Real Estate Market

In recent years, Türkiye has emerged as a beacon of opportunity within the global real estate market, boasting an impressive and resilient performance, particularly in the land sales segment. Unlike the residential real estate sector, which experienced a downturn during the autumn and winter months, the land sales market in Türkiye has shown no signs of slowing down. Instead, it has been witnessing a remarkable upsurge in activity and prices, highlighting the unique opportunities available in this vibrant market.

The Surge in Land Sales

In 2023, Türkiye's real estate landscape reached new heights, setting a record in land transactions. Land prices soared by an astonishing 150% compared to the previous year, a testament to the burgeoning interest and confidence in Türkiye's real estate prospects. This surge in land sales is indicative of a broader trend within the country, where many individuals, unable to afford residential properties, are turning their attention to purchasing land. This strategic move allows them to build and invest in their future, leveraging the potential that Türkiye's land has to offer.

A Trend Among Turkish Expatriates

Another noteworthy trend is the growing interest from Turkish expatriates residing in Europe, who have begun investing in land back in their homeland. This wave of investment from the diaspora adds another layer of dynamism to Türkiye's real estate market, expanding the pool of investors and contributing to the country's economic growth.

Regions Leading the Way

The region of Çatalca emerged as the frontrunner in 2023, with over 50,000 land transactions recorded, followed closely by Çanakkale, which saw around 30,000 deals. Other areas such as Tekirdağ, İzmir, and Antalya also experienced significant increases in the number of land sales, underscoring the widespread interest across various parts of the country.

The Role of International Investors

International investors played a pivotal role in Türkiye's real estate market last year, accounting for 15% of all buyers in the land segment. This is a substantial increase, especially when compared to the housing sector, where international investment dropped to just under 3%. Foreign investors acquired almost 30 million square meters of land in Türkiye for various purposes, signaling strong international confidence in the country's real estate market.

Türkiye's real estate market, particularly in the land sales segment, offers unparalleled opportunities for both domestic and international investors. With BARNES Türkiye, investors have a trusted partner with a global network and deep local expertise to navigate this dynamic market. The record-breaking performance and trends observed in 2023 underscore Türkiye's growing importance as a key destination for real estate investment, promising a bright future for those looking to invest in this thriving market.

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