Significant slide in housing sales to foreigners

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FOREIGNERS have experienced a reduction in the number of houses bought in Turkey in the first half of this year.

Residential sales to foreigners in Aydın decreased as much as 31.6 percent compared to the same period of 2015.

In Turkey, 9,378 properties were sold to foreigners in the first six months of 2016, a 9.4 percent decline on the same period in 2015.

Turkey’s Statistical Institute (TUIK) said Istanbul continued to be the first choice in housing purchases for foreigners, with 3,194 sold.

This was followed by Antalya 2,151; followed by Yalova and Bursa with 699 and 413 residential housing.

During this period, the maximum increase of the housing sales to foreigners was in Ankara with 38.8 percent.

 

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