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February saw a 15.8% rise in foreigners purchasing property in Turkey
February saw a 15.8% rise in sales of residential properties to foreigners in Turkey

February saw a 15.8% rise in foreigners purchasing property in Turkey

Latest figures released by TurkStat (Turkish Statistical Institute) show a 15.8% increase in residential property sales to foreigners in Turkey last month. This may come as a surprise to some considering the recent spate of terrorist attacks in the country.

According to the Daily Sabah today and TurkStat figures yesterday, a total of 1,585 Turkish homes were sold to foreigners in February. Iraqi’s and Kuwaiti’s purchased the most property in Turkey, a total of 524 properties between them. They were followed by the Saudis totting up 158 and Afghans buying 141 residential homes.

Russians are still buying property in Turkey.

Another notable point considering the very public political tensions between Turkey and Russia was that Russians ranked fifth on property purchase numbers. Contrary to popular belief, Russians are still interested in investing in a property in Turkey buying a total of 88 properties in February.

Istanbul remains the most sought after region in Turkey for property investments.

If we look at the overall property purchase statistics, Istanbul once again proved the most popular area for investment by attracting 18,142 residential purchases. This was followed by Ankara and Izmir. Sales of properties along the coast also fared well.

Further reading from the blog:

Real estate market in Turkey defies political upheavals in 2016

10 reasons to buy a property in Turkey in 2016

Is Turkey safe in 2016? Consider this…

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