Discover why Türkiye has become a favourite destination for expats. From its affordable cost of living and welcoming culture to stunning natural beauty and a booming real estate market, Türkiye offers a wealth of opportunities for those looking to relocate and invest.

Turkey has become a focal point for real estate investors worldwide, thanks to its strategic location, booming economy, and attractive property prices. As one of the fastest-growing real estate markets in Europe, Turkey offers a wealth of opportunities for those looking to invest in both residential and commercial properties.

Turkey is a popular tourist destination for many reasons, including its natural beauty, historical and archaeological sites, cultural diversity, hospitality, and competitive prices. According to the UNWTO World Tourism Barometer, Turkey ranked as the 6th most popular tourist destination in the world and 4th in Europe in 2011. In 2019, Turkey welcomed around 46 million visitors, and this number is expected to grow in the future.

Istanbul, the vibrant bridge between East and West, is a captivating city beckoning with its rich history, cultural tapestry, and stunning landscapes. If you're dreaming of owning a piece of this magic, buying a house in Istanbul could be the perfect investment. But navigating the foreign buying process can seem daunting. Worry not! This comprehensive guide will equip you with the crucial considerations to ensure a smooth and successful journey. 

As we bid farewell to 2023, let's take a closer look at the housing market in Türkiye and explore the key statistics that shaped the year.

In the year 2023, Türkiye witnessed the sale of 1,225,926 houses. While this number may seem substantial, it's noteworthy that house sales experienced a 17.5% decrease compared to the previous year. İstanbul emerged as the leader in this landscape, contributing significantly with 16.2% of total sales, translating to 198,739 houses. Ankara and İzmir followed suit with 114,432 and 65,465 house sales, respectively.

On the flip side, some provinces reported lower numbers, with Ardahan, Hakkari, and Tunceli recording the lowest house sales in the country.