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Turkish Property Sales to Foreigners in 2016 – the results are in !!!

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Figures recently released by Turkstat (Turkish Statistical Institute) show that a total of 18.391 properties were purchased by foreign nationals in 2016. Whilst this a decrease of around 20% compared to the total for 2015, what is significant is that sales to foreigners from relatively ‘new’ markets has increased – Egypt, China and Jordan were amongst these ‘new’ market countries where number of units purchased was higher than in 2015.

The full Top 20 is as follows:

  • Iraq- 3.036 units purchased
  • Saudi Arabia – 1.886
  • Kuwait – 1.744
  • Russia – 1.224
  • Afghanistan – 1.205
  • UK – 827
  • Germany – 714
  • Iran – 664
  • Azerbaijan – 610
  • Ukraine – 484
  • Sweden – 417
  • Kazakhstan – 380
  • Egypt – 348
  • Jordan – 345
  • Norway – 296
  • China – 281
  • Qatar – 256
  • Holland – 217
  • Belgium – 198
  • UAE – 192
  • In addition, a total of 3.067 properties were purchased by a broad mix of ‘other’ nationalities.
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