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23:33 20-04-2018
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Czechs and Americans bought out all offices in Metropolis complex in Moscow
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20:53 18-04-2018
A kindergarten with Spanish graffiti will be built in Moscow
20:14 18-04-2018
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Two new metro stations to be built in northern Moscow
23:54 17-04-2018
High-speed railway from Vladimir to Nizhny Novgorod airport is approved
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Russian scientists developed a transport model for Cote d'Ivoire
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Prosecutor General's Office will closely monitor Vostochny Cosmodrome project
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Volvo launches a new line of rock haulers
21:50 17-04-2018
Experts reveal why there are more new houses in USA
20:24 17-04-2018
Japanese-Russian medical centers to be set up all over Russia
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More fast food outlets will emerge in Moscow
23:36 16-04-2018
Apartments in Trump Tower have lost their appeal for buyers
23:14 16-04-2018
$15,7 billion invested in Dubai real estate in 2018
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Foreigners’ demand for housing in Turkey grows by 33% this year

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Foreigners’ demand for housing in Turkey grows by 33% this year

The data provided by Turkey’s Institute of Statistics shows that sales of residential property in the country totaled almost 96 thousand units in February 2018, showing a 5-percent decrease compared to 2017.


The largest share of houses and apartments sold is located in Istanbul — almost 17% or over 16,000 units. Ankara comes next with 10 percent and Izmir showing the result of 6.2%, Hurriyet Daily News reports.

The number of transactions involving a mortgage has decreased in February by about 28% compared to a year earlier. The share of such transactions accounted for 29%.

While domestic demand for Turkish real estate is in decline, the buying activity of foreigners has jumped by 32% over the year. It should be noted that 35% of February’s deals with non-residents were concluded in Istanbul.

Housing in Turkey is the most popular with citizens of Iraq, Saudi Arabia, Russia, Iran, and Afghanistan.

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