Some Interesting Facts About Turkey

Today we thought to share some interesting facts about Turkey, hopefully, it will be informative and you can find ways to benefit from them. We thought to sneak them into some board games 😉

• With 783.562 square kilometres, Turkey has the largest land area in Western Europe.
• Turkey has a total population of 83 million people.
• There are 23 cities in Turkey with a population of over 1 million.
• Turkey is the 19th largest economy in the world.
• There are direct flights from Istanbul to 250 cities around the world. Twenty-two capitals are within reach of Turkey through an average flight time of 3 hours.
• 55% of Turkey’s population is under 35 years old and as such Turkey has the youngest population among European countries.
• Between the years 2013-2018, a total of 7.7 million homes were sold in Turkey. In 2019, 1,348,729 properties were sold.
• The urban transformation project carried out through the city is increasing the value of Istanbul’s real estate market. 6.5 million dwellings are expected to be renewed in the next 20 years, totalling the worth of the sector to 400 billion dollars.
• According to the EY Europe Attractiveness Survey 2018, Turkey has become the 7th most popular country in Europe in terms of foreign direct investment (FDI).
• 90% of the Turkish population live in cities. With 18.4% of Turkey’s population residing, Istanbul is the largest city in the country. It is home to 15 million 67 thousand 724 people.
• With a population of 5,5 million people, Ankara is the second-largest city and capital of the country.
• The number of international Capital investments in the country increased from 5,600 in 2012 to 65,533 at the end of 2018.
• Turkey is a global business centre preferred by investors from many parts of the world. Did you know that 27% of the total assets in the Turkish financial sector belong to foreign investors?
• House sales to foreign buyers increased by 14.7% in 2019 compared to the previous year. Istanbul leads the list with 20,857 residential buildings, followed by Antalya with the sale of 8,951 housing units
• The cities with investment potential other than Istanbul are Ankara, Izmir, Antalya, Bursa, Kocaeli and Mersin.
• According to 2019 housing sales figures, the 20 countries with the highest number of purchases are: Iraq, Iran, Russia, Saudi Arabia, Afghanistan, Kuwait, Germany, Jordan, Yemen, England, Azerbaijan, Palestine, Libya, Egypt, Kazakhstan, Sweden, Qatar, Ukraine, USA and Lebanon.

Source: Property Buying Guide Istanbul by Istanbul Chamber of Commerce

You may also want to read: Why buy Property in Turkey?

We hope you enjoyed our list of Facts about Turkey, if there are any you are aware of that we have missed, let us know in the comments section below so that we can amend the list 😉