The end of the influx of foreigners to buy houses in Türkiye

According to the report of the international group Tasnim News Agency, statistics The official of the Ankara authorities shows that in the last 7 months, the sale of housing to foreigners has decreased significantly.

According to many experts in the housing industry, many Turkey’s mass builders and big companies had their big plans based on ensuring a flood of foreign buyers to buy property in Istanbul, Antalya and other cities. But now there is no news of foreign buyers and domestic citizens have no purchasing power either. As a result of many large mass building groups, thousands of apartment units and villas are left on their hands.

During the past few years, the Turkish government made the condition of buying a residential unit worth four hundred thousand dollars announced for the unit the condition of granting the right of citizenship to foreigners, and tens of thousands of rich people from Russia, Iraq, Iran and several Arab and African countries bought property in Turkey. But now there is no such news and foreigners do not want to buy apartments and villas in Turkey. /Image/1403/02/24/1403022415500556930033124.jpg”/>

“Xenophobia” , the first factor

For several years, some politicians and leaders of important parties in Turkey have been talking day and night about the dangers of the presence of foreigners in Turkey. they’re talking. People like Amid Ozdagh, the leader of the extreme right party “Zafar”, started warning about the presence of foreigners from Syrian refugees and claimed that the presence of 5 million Syrian refugees and nearly 1 million Afghan nationals will change the demography of Turkey in the medium term.

But the scope of this discussion was extended to other foreigners and some nationalists emphasized the issue of granting Turkish citizenship to foreigners in exchange for buying a property worth 400 thousand dollars. , it is an insult to the citizenship status of this country and the government should stop this policy.

In the next steps, Turkish nationalists fueled some important propaganda policies that made headlines. And their induction goals were:

1. The rate of selling and renting housing in Turkey has multiplied due to the presence of foreigners, and as long as they are present in the market, the citizens of this country cannot become landlords or find a suitable place to rent.

2. Since the foreign nationals were found, clinics, hospitals and doctors’ offices have become more crowded.

3. Due to the presence of foreign children, the Turkish education system has suffered from insufficiency, alienation and inefficiency.

4. Rich foreigners bypass the tax and trade laws, take over the market and earn their jobs and profits.

Maneuvering these perceptions, many Turkish citizens provoked and the first examples of misbehaving with foreign citizens in Istanbul, Antalya, Bursa, Tekirdag, Ankara and other areas, had a negative effect on the process of researching new and potential customers, and now the amount of sales has decreased significantly.

Shakib Avdagić, head of the Real Estate Association in Istanbul, believes that in 2023, a new wave of xenophobia and opposition to foreigners will be formed in the Turkish housing market, and this change in behavior, even It can also be counted and observed in cyberspace and as a result, there are not few foreigners who are discouraged and scared by such behavior and gave up on their decision to buy property in Turkey.

Bayram Tekche, one of the activists of agencies selling housing to foreigners, also believes that xenophobia, in the medium and long term, will have a negative impact not only on the housing market, but also on the tourism industry, and it is necessary to properly address this issue.

Ebrahim Ekinci’s report from the economic base of the Turkish economy is also of the opinion that misconceptions and unfair perceptions of the presence of foreign nationals are an issue. which needs serious consideration and people should not encourage such a thing. Because the alienation of foreigners from the housing market is detrimental to the Turkish economy.
The 7.7 magnitude earthquake in Kahraman Marash province of Turkey, in addition to Kahraman Marash itself, affected 10 surrounding provinces and even the country of Syria, and more than fifty thousand citizens of 11 provinces Turkey died in this earthquake.

The highest number of casualties was related to Hatay province on the border between Turkey and Syria. But the fact is that after this earthquake that happened in Anatolia and far from the foreign-friendly western provinces of Turkey, many geologists and seismologists announced that the Anatolian fault has given up its energy and now it is the turn of Istanbul, Aegean and Marmara. experience a big earthquake or even a huge tsunami.

Publish News and many reports about the dangers and casualties of a possible earthquake in Istanbul and its surrounding provinces, like a poisonous drug, has paralyzed the housing sales body in this area, and foreigners are literally afraid of this issue.

A strong competitor named Dubai
Turkey The year has made the conditions of selling property to foreigners more difficult and has raised the prices. But in the United Arab Emirates, it is possible for foreigners to buy low-square-meter units with easy bureaucratic conditions, and now Dubai is actually a competitor of Istanbul and Antalya.

Erdogan government in In recent years, it has announced many times that it will ease the conditions and costs of selling property to foreigners. But this promise has not been fulfilled, and in addition to the complicated bureaucracy, transferring the document also has a lot of costs, and some agencies have harmed foreign citizens by selling the property at an expensive and unrealistic price.

Uncertainty and ambiguity in Turkish politics and economy

Before, Turkey had good economic conditions and the prosperity and stability in the country’s market attracted everyone’s attention. But now the inflation and the economic crisis have made it very difficult to meet the living expenses in Turkey. Gasoline is worth 42 lira, the cost of electricity and gas bills is skyrocketing, transportation, treatment and food are very, very expensive and staying in this country is affordable for others, except for a rich and prosperous European and Arab minority. It’s not worth it.

end of message/