Home sales to foreigners rise, over 24,000 units sold in first 7 months
#Turkish developers continue to enjoy increasing demand from foreign buyers in the housing market.
As a result, real estate sales to foreigners posted the highest-ever figures in the first seven months of the year.
Foreigners became new owners of 24,144 houses in the January-July period, resulting in a rise of 64.5% year-on-year, according to Turkish Statistical Institute (TurkStat). They purchased some 14,674 units in the same period of 2018.
As for July, sales were up 46.7% and hit 4,192 – the highest-ever July figure – up from 2,858 units sold in the same month last year.
Earlier, foreigners acquired some 3,168 units in January,
3,321 units in February,
3,129 units in March,
3,720 units in April,
3,925 units in May and
2,689 units in June with a year-on-year increase of 81.9%, 92.1%, 71.3%, 82.1%, 62.5% and 30.5%, respectively.
All six months saw all-time high figures.
The rank among the provinces kept its order as the country's economic locomotive and the most populated city #Istanbul continued to be the favorite location for foreign real estate buyers.
They purchased some 10,806 units in the city in the first seven months of the year, of which 1,903 were acquired last month.
The figure in July was up 99.1% from 956 units in the same month in 2018.
The #Mediterranean resort city of Antalya followed Istanbul with 764 houses sold to foreign investors last month.
In the same month, they purchased 294 units in the capital #Ankara , 217 units in #Bursa , 177 units in Yalova, 111 units in Sakarya and 109 in #Trabzon .
In the seven-month period, foreigners became new owners of 4,857 houses in #Antalya , 1,360 in #Ankara , 1,217 in #Bursa , 988 in #Yalova , 703 in #Sakarya , 534 in #Trabzon , 479 in #Mersin and 468 in #Muğla . - 4 hours ago