Turkish Property – Overseas Buyers up by 65.6% in July

Data released on Wednesday by the Turkish Statistical Institute (TurkStat) shows that foreigners purchased 2.858 properties last month, a year on year increase of 65.6%.

The top 5 investment destinations were Istanbul, Antalya, Bursa, Yalova and Sakarya.

The top buying nation was Iraq, with 584 units purchased, followed by Iran (321), Saudi Arabia (211), Russia (173) and Kuwait (171).

In the first half of the year, foreigners purchased 11.944 properties, an increase of  23% compared to the same period last year. This figure was 9,378 and 9,595 in 2016 and 2017, respectively.

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