Chinese people among top 10 foreign homebuyers in Turkey in H1: TurkStat

They bought more than 400 houses and Belt and Road Initiative helped to increase the interest for homebuyers

Chinese nationals bought a total of 415 houses in the January-June period. In June they were in third place with 78 units purchased, announced by Turkish Statistical Institute (TurkStat). They were in eighth place in the first half of this year after a three-year absence from the top 20 list.

Three major cities under radar

Geographically, Chinese buyers focused on major cities – Istanbul, Ankara and Izmir – data said. In the past Chinese homebuyers entered the top 20 largest foreign buyers in Turkey’s real estate industry was back in 2016 as they bought 281 houses.

BRI fueled the interest

Referring to data, Turkish-Chinese Cultural Association President Irfan Karsli emphasized there has been a huge wave of Chinese investment in international housing, particularly in the U.S., for many years. However, their interest in the residential real estate industry in Turkey and Europe increased recently after the start of China’s Belt and Road Initiative (BRI).

Would you like to support TR Technews?

Hi everyone,
I’m running Turkishtechnews.com, a website on tech developments from Turkey. I will be covering subjects ranging from startups to gadgets, digital economy to social media. I’m keen on new technologies as well. On top of those, I’m interested in drama and cinema, with one short and one long film script and three plays. Holding a B.A degree in English Language and Literature, I’m a tech journalist with 15 years of experience.

The reason why I’m here is to produce good quality journalism and try to remain independent as much as possible. Currently, journalism is torn between vague relationships between brands and journalists, not only in Turkey but also globally. Under such circumstances to remain independent is crucial and I need your support to do so.

Leave a Reply

Your email address will not be published. Required fields are marked *

About   l   Contact Us