According to the Turkish Statistical Institute, in November this year, foreigners in Turkey purchased 4,672
real estate. This is 117.1 percent more than a year earlier.
For the first time, the number of
housing units sold to foreigners in Turkey in the first 11 months of the year exceeded 35 000 and amounted to 35,103. By the end of the year, this figure may reach 40,000. For comparison, over the entire last year, citizens of other countries purchased 22,234 objects in Turkey.
A surge in purchasing activity occurred after 19 September, the Turkish authorities announced a lowering of the investment threshold for obtaining Turkish citizenship. Now the passport of the country can be obtained in exchange for investments in the local
real estate in the amount of 250,000 dollars, instead of the previously required 1 million .
It is worth noting that Russian citizens rank fourth in terms of the number of
purchased housing in Turkey. The majority of property buyers in this country were Iraqis (1003 transactions), followed by Iranians (463) and Afghans (261).
In total, 89,626 were sold in Turkey in November 2018. //www.gjacip.ru/alaniya/kvartira/bez_posrednikov/">houses and apartments, which is 27 percent less than a year earlier. For the first 11 months of the year, this figure was 1.24 million. The number of transactions involving
mortgage decreased year-on-year by 85.7 percent and amounted to 5324. The share of such transactions was only 5, 9 percent of all transactions in
real estate.
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CMP Realty is a real estate agency in Turkey with qualified Russian realtors.
