Sales of Turkish properties to foreigners up 23% in October


Turkish properties are still very much in demand by foreigners according to recent statistics released by the Turkish Statistical Institute (TurkStat).

“Following a worrying drop in September, Octobers official figures thankfully show a 23.3% increase in the number of Turkish properties sold to foreigners when compared with the same month last year.” say’s Suleyman Akbay of Oceanwide Properties. “This is great news for the real estate market. It should go some way to reassure those that put the brakes on a purchase here pre-election that a property investment in Turkey still very much makes sense“.

House sales also saw a rise of 8.8% on October 2014 with a total of 104,098 units sold. Sales to foreigners accounted for 2,236 of these bringing the total number of Turkish properties sold to foreigners over the first ten months of 2015 to 18,428.

Given the recent surge of interest from Saudi Arabia and Iraq, it comes as no surprise that it was these nationalities that brought the lions share of real estate in Turkey last month. The most popular destination for investment was Istanbul with a total of 780 properties sold, followed by the year round coastal resort of Antalya accounting for 567 units. Fethiye’s province of Mugla also fared well accounting for 107 sales in October. The British market is still going strong with 133 properties purchased, mainly around the popular coastal tourist resorts like Fethiye.

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