According to experts, in 2020
sales of apartments in Turkey will increase by 20 percent compared to last year's figures. Foreign investors can purchase up to 55,000 housing units. A program to provide citizenship to investors who
invest in real estate in Turkey from $250,000 will help increase demand.
In January of this year
sales of apartments in Turkey to foreigners increased by 23 percent year on year. Most
Residential Real Estate in Turkey were purchased by Iraqis, Iranians and Russians.
Construction companies in Turkey are trying to increase
sales of new buildings, hoping for government initiatives and a reduction bank mortgage rates. By doing so, they want to make up for the decline in demand caused by the 2018 currency crisis. For foreign buyers, the currency crisis in Turkey, on the contrary, has increased the attractiveness of local real estate. In 2018, the lira lost 28 percent in value against the dollar, and 11 percent in 2019. triggered by the 2018 currency crisis. For foreign buyers, the currency crisis in Turkey, on the contrary, has increased the attractiveness of local real estate. In 2018, the lira lost 28 percent in value against the dollar, and 11 percent in 2019. triggered by the 2018 currency crisis. For foreign buyers, the currency crisis in Turkey, on the contrary, has increased the attractiveness of local real estate. In 2018, the lira lost 28 percent in value against the dollar, and 11 percent in 2019.
