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Turkey … Selling one and a half million apartments during the last year

Posted by jumana on March 24, 2018
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The real estate sector recorded an increase of 5.06 % in sales over the previous year, compared to 2016, with a total of 1,409,000 apartments sold during the last year.

The sale of new apartments over the past year has increased by 4.4 % compared to 2016, while the sale of second-hand apartments increased by 6.7 % last year compared to 2016, according to a report by the Real Estate Investment Association of Turkey.

The report added that the sale of apartments to foreigners during the past year has grown by 22.2% , where 22 thousand and 234 apartments were sold.

The report pointed out that Istanbul ranked first in terms of the number of apartments bought by foreigners during the last year, and occupied the Germans ranked first among foreigners in the purchase of apartments.

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