THE NUMBER OF PROPERTY SALES IN TURKEY HAS REACHED A GREAT NUMBER | Property in Turkey
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Property in Turkey

THE NUMBER OF PROPERTY SALES IN TURKEY HAS REACHED A GREAT NUMBER

Posted by Property In Turkey on 13 May 2016
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A major rise on the sales being made to the foreigners when compared to the last year in the real estate market of Turkey has reflected on the first data of the year 2016. The identity of the citizens of a country that has made the most sale has been announced as well. According to the data of Turkish Statistical Institute, here are the details of the number of sales being made to the foreigners in January, 2016. These sales to the foreigners have reached the number 1,462 by rising up to %13,4 when compared to the same month of the last year.

Turkish Statistical Institute (TUIK) has declared that 84.556 propertis were sold in January this year in Turkey. In this context, 1462 properties were sold to the foreigners in that month. The property sales made to them has increased up to %13,4 in fact which means that many people that are interested in Turkey bought more and more property in Turkey’s various cities. According to the numbers announced on 24th February, 2016 by TUIK regarding the first property sales of the years, the numbers of January have been announced.

Among the property sales made to the foreigners, Istanbul has ranked the first city with 498 property sales. Istanbul is followed by Antalya with 315 properties, Bursa with 129 properties, Yalova with 84 properties, Ankara with 68 properties and Aydin with 65 properties.

When looked through the type of citizenships, it is observed that property sales was made mostly to the Iraq citizens. In January, 308 properties were sold to Iraq citizens. By order, Iraq is followed by Saudi Arabia with 136 properties, Kuwait with 134 properties, Russia Federation with 106 properties and Afghanistan with 104 properties.

Experts have declared that thanks to the developments made and the growing infrastructure system, it is expected that a great number of investors from foreign countries are going to invest and buy property in Turkey so as to make an income and maintain an investment opportunity in the future since Turkey is accepted one of the most suitable countries for this process.

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