25 December 2017 Investment

In Turkey ... Increased Demand for Apartments Purchase by Foreigners

The real estate sector in Turkey witnessed an increase in the purchase of apartments for foreigners since the beginning of this year until the end of last month compared to the same period last year.

The increased percentage reached 21.4%. The number of apartments bought by foreigners throughout Turkey during this period is 16 thousand and 549 apartments.

The number of apartments purchased by foreigners during the past month alone reached 2152 apartments, with an increase of 21.5 percent compared to the same month last year.

Iraqis ranked first in buying apartments last month, with 405 apartments purchase. The Saudis came second with 239 apartments.

Experts said the reasons for this demand are due to the security and stability in Turkey and the devaluation of the Turkish lira against the dollar.

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