19 March 2018 News

Istanbul properties are the most purchased by foreigners last year

The number of properties sold to foreigners in Turkey registered a remarkable increase last year, with 22,234 properties sold across Turkey, the increase was 22 percent compared to 2016, and the total value of properties sold to foreigners was $ 4.6 billion.

Istanbul ranked first in terms of apartments sold to foreigners with a total of 8 thousand and 182 properties, followed by Antalya with a total of 4 thousand and 707 properties.

Iraqis came first in terms of the number of foreigners who bought real estate in Turkey with a total of 3,080 properties, followed by the Saudis with a total of 3,255 properties, followed by Kuwaitis with a total of 691 properties, followed by Russians and Afghans.

In general, a total of 1,409,314 apartments were sold in Turkey last year, thus, the real estate sector recorded an increase of 5.06 percent compared to 2016.

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