News

• April 25, 2019

Istanbul, First Choice of Foreign Investors

The city where the foreigners bought the most property is Istanbul with a share of 36%.

According to TUIK data, 39,663 houses were sold to foreigners in 2018. According to this data, home sales for foreigners increased by 78% compared to the previous year.

The city where the foreigners bought the most property is Istanbul with a share of 36%. Istanbul followed by Antalya with 20%, Bursa with 7%, Ankara and Yalova with 5%, Sakarya, Trabzon, Aydin, Mersin with 3% and Samsun with 2%.

Citizenship to foreigners has caused an increase

Iraqi citizens are the foreigners who bought the most property from Turkey with a share of %20. After Iraq, Iran comes with 9%, Saudi Arabia with 7%, Russian Federation with 6%, Kuwait, Afghanistan and Germany with 5%.

With the granting of citizenship to foreigners who invest 250,000 USD in real estate in Turkey has caused a significant increase in sales to foreigners.