Erkek revealed that 62,500 foreigners own property in Turkey and that the total area of property sold is 285 square kilometers.
Erkek says Syrians, followed by Germans and Lebanese, buy the most property in Turkey. The largest areas are purchased in Hatay and the highest number of estates in Istanbul. The area with the highest number of foreign buyers is Antalya. Other provinces where foreigners seek large properties include Istanbul, Mugla, Antalya, Izmir, Bursa, Adana, Aydin, Manisa and Balikesir.
Erkek said that according to research, Syrians own 241 square kilometers of land in Turkey, making them the possessors of 88 percent of all foreign-owned real estate in the country. After the Syrians, the Germans, Lebanese, Greeks, British, Americans and Egyptians have also purchase large amounts of property in Turkey. However, some 70 percent of the property owned by Syrians is inherited, Erkek said.
Researching the number of Israeli-owned properties in Turkey, Erkek discovered that Israelis mainly purchased from 10 provinces. The total area of estates owned by Israelis measures 80.5 square kilometers. These estates belong to 142 people and constitute 106 parcels. Sixty-five percent is land and 29 percent is in real estate. Erkek stated that rumors that Israelis had purchased vast amounts of property in the southeastern Anatolian region were exaggerations.
According to the report, 6,053 transactions were made between Jan. 7, 2006 and July 24, 2006. During this time, 800,000 square meters of property were sold; 876 British, 801 Irish, 749 Germans, 357 Dutch, 296 Norwegians, 176 Belgians and 90 Greeks became owners of land in Turkey, Erkek indicated. Turkey has reciprocity agreements with 88 countries and the number of countries whose citizens Turkey only allows to purchase buildings is 26. [see: www.ipi.ie/propertylaws.htm <http://www.ipi.ie/propertylaws.htm> ]
Erkek explains the way Turkish property is owned by foreigners in his report. In Adana 74 percent of the land owned by foreigners was purchased, in Hatay 64 percent was inherited, in Istanbul 66 percent was inherited, in Antalya 98 percent was purchased, in Izmir 68 percent was purchased, in Bursa 93 percent was purchased, in Aydin 92 percent was purchased, in Manisa 74 percent was purchased, in Balikesir 68 percent was purchased and in Mugla 96 percent was purchased.
The top 10 districts with numerous estates owned by foreigners are Iskenderun, Sariyer, Reyhanli, Alanya, Kumluca, Fethiye, Ceyhan, Yildirim, Bodrum and Ortaca. In Iskenderun, 67 percent was inherited, in Sariyer 89 percent was inherited, in Reyhanli 99 percent was inherited, in Alanya 98 percent was inherited, in Fethiye 95 percent was inherited, in Yildirim 93 percent was inherited, in Bodrum 93 percent was inherited, and in Ortaca 98 percent was purchased. In Alanya, 12,684 square meters over 50 allotments were purchased by 20 different people. Erkek lists the number of foreigners that invest in real estate in Turkey as 14,456 British, 14,382 German, and 13,905 Greeks.
Erkek claims that many of the foreigners buy land in Alanya because of the sun, sea and natural beauty. Many of those who seek land in Alanya are 50 or over. Erkek argued that public rumors that foreigners were invading Turkey was not true and referred to his report as evidence.
A retired Norwegian tourist, Asta Maria Rod, (61) said that she had looked for property in many European countries but found the cheapest in Alanya. Another tourist, Johanessen, said she bought her apartment in Alanya because it was very affordable and added: “I bought my apartment for vacation purposes. Ever year I will come to my house in Alanya to have a comfortable vacation. If I like it, I might move here permanently.”
A Dutch woman, Helge Hansen (50), expressed happiness at having purchasing land in Turkey. Noting that she had waited for eight months to receive her title, Hansen said: “We waited for quite a while after certain problems came up with regards to the law on selling estate. We waited but finally we received our title. We are very happy.” Helge also said prices in Spain were three times those of Alanya.
Norwegian Magner Skillberg,(77) said that she had purchased a house in Turkey because it was state insured and much cheaper than in European countries. “The living standards in Turkey are great. As well, the title registry procedure is quick,” Skillberg said.
Heike Koppman (54), a German tourist who fell in love with Alanya’s natural beauty, said she was very happy to obtain title for her land in Turkey. Koppman said Alanya was attractive because of its climate, natural beauty and rich history and added: “The people here are friendly. I have encountered more friendly people here than I have in my own country. I want to spend the rest of my life in Turkey.”