Turkey: Sharp increase in sales of houses to foreigners

Antalya and Istanbul are the preferred locations for foreign buyers.

Turkey: Sharp increase in sales of houses to foreigners
World Bulletin / News Desk
 Sales of houses to foreign buyers jumped by close to sixty percent for the January to November period, data from the Turkish Statistical Authority shows.

House sales to foreigners in Turkey increased 59 percent compared with the same period in the previous year, rising to 17,104 from 10,740. Foreigners bought 1,554 houses on average per month.

 Most of the purchases are in Antalya, where foreigners bought 6,035 houses. 

Istanbul is the second-favorite location, with 6,035 houses purchased.

And 1,104 were purchased in the Aydin province.

Sales in these favorite locations accounted for 71 percent of all house sales to foreigners.

But the overall housing market in Turkey is flat. Total house sales in the Turkish market stalled in the period, with total sales slightly declining from $1.04 million to $1.03 million. Sharp interest rate hikes introduced in late January and a slowing economy have made purchasers cautious at this time.


Güncelleme Tarihi: 25 Aralık 2014, 14:11