09 March 2018 News

One and a half million apartments were sold in Istanbul last year

According to a report published by the Association of Real Estate Investments in Turkey, sales of apartments increased during the last year by 5.06 compared to 2016, where 1,409,000 apartments and 314 apartments were sold during 2017.

Compared to 2016, sales of new apartments have increased by 4.4 percent over the last year, while sales of second-hand apartments rose 6.7 percent.

The sale of apartments to foreigners also grew by 22.2 percent last year, where foreigners bought 22 thousand and 234 apartments.

The city of Istanbul ranked first in terms of the number of apartments sold to foreigners in 2017, and the Germans were the most buyers of apartments from foreigners.

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