Property sales to foreigners increased a remarkable 25.6 percent in November compared to the same month of the previous year - amounting to 2,119 properties sold, according to data released by the Turkish Statistical Institute (TurkStat). Moreover, mortgaged property sales notably decreased 22.7 percent compared to the same month of the previous year - amounting to 28,553 in November, 26.9 percent of all property sales in Turkey.
Istanbul was the top province with 703 sales, followed by Antalya and Bursa with 539 and 139 property sales, respectively. According to nationality, Iraqi citizens bought 495 properties in November, followed by Saudi, Kuwaiti, Russian and Afghan citizens with 226, 193, 136 and 98 properties, respectively. Overall property sales in November rose 2.1 percent compared to the same month of the previous year, amounting to 106,008. Istanbul captured the highest share with 18.9 percent of total sales with 20,082 properties sold. Istanbul was followed by Ankara and İzmir with 11,368 (10.7 percent) and 6,522 (6.2 percent), respectively.
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