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Foreign Property Purchases Double

20th December 2018

Foreign Property Sales Double

Sales of property to foreigners have move than doubled over the last year stated the Turkish Statistical Institute (TÜİK) on 20th December.

A total of 89,626 properties were sold around Turkey, showing an increase of 27% according to TÜİK.

Foreigners bought 4,672 properties in the month, up 117.1 % in comparison to the same month last year.

The largest property buyers were Iraqis, Iranians, afghans, Russians and Saudis.

In the first 11 months of this year, some 1.24 million houses changed hands, while some 1.28 million houses were sold in January-November 2017.

The most properties sold were in Istanbul and Antalya, with Bursa following after.

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