THERE ARE CLOSE TO 2 MILLION FOREIGN HOUSING OWNERS IN TURKEY.

According to the research carried out by a company that sells real estate to foreigners, half of the 2 million foreigners who buy houses in Turkey live in their own house. According to AA news, Turkey is one of the preferred countries for both investment and residence.

According to a study, real estate purchases by foreigners, which gained momentum with the Reciprocity Law that came into effect in 2013, reached high levels. Since then, half of the foreigners, who have purchased more than 200 thousand houses, prefer to live in their houses.

While it is stated that the residences bought by foreigners for residence and investment purposes are concentrated in coastal areas as well as big cities, the nationalities of foreigners also play an active role in their preferences. While it was noted that foreigners from the Middle East attach importance to green environments, it was stated that citizens of cold countries tended towards the western and southern parts of Turkey. According to the news made by Anadolu Agency, the effects of the Reciprocity Law, which entered into force in 2013 and accelerated the sale of real estate to foreigners, are great. It was stated that foreigners who bought houses in Turkey made our country compete with preferred countries such as Italy, Spain and France, and it was also stated that the number of residences for investment and residence purposes exceeded 220 thousand. In recent years, annual sales figures of more than 40 thousand residences are turning the global real estate markets towards Turkey.

According to the data of the Turkish Statistical Institute, the number of foreigners residing in Turkey is close to 2 million. The average household population of Turkey is 3.3. When these two data are combined, it is seen that the number of foreigners living in their own house is around 750 thousand.

Citizens of countries such as Iran and Iraq, who have experienced war in their country, mostly prefer Turkey to reside.

Citizenship incentives and high exchange rates are also stated to be effective in sales. Turkey, which they see closer to their own culture compared to Europe, continues to attract the attention of foreigners from the Middle East.