Turkey's price hikes can't stop the house buying boom! "Real estate + passport" kills two birds with one stone!

From June 13, 2022, the Turkish citizenship program has entered the era of US$400,000 from US$250,000. The price increase of the project did not "cool down" the Turkish house-buying immigrants. The Turkish house-buying immigrants still occupy the "C position" in the immigration circle and continue to attract overseas investors.

According to the latest data released by the Turkish Statistical Institute, a total of 117,806 property sales in Turkey were sold in November, an increase of 13% from the previous month. Among them, Istanbul is still the most popular city, with 19,687 housing sales, accounting for 16.7% of the total.

Source: Turkish Statistical Institute

A total of 6,083 properties were sold to foreigners in November. Russia still occupies the first place in the list of foreign buyers, accounting for 42% of the total. Secondly, other countries such as the Middle East, Germany, the United Kingdom, and the United States have also successively purchased real estate in Turkey.

Source: Turkish Statistical Institute

In the past six months, Chinese buyers are still active in the Turkish real estate market. It can be seen that although the investment of Turkish house buyers and immigrants has increased, Chinese investors' enthusiasm for investing in Turkey continues.

As of the third quarter of 2022, Turkey's housing price growth is still the country with the highest annual growth rate, ranking first with an astonishing increase of 189.2%, far ahead of other countries.

Compared with 160.6% in the second quarter, the increase rate reached 28.6%. This means that according to the current trend, the purchase of real estate still has a high potential investment income.