Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Turkish property sales to foreigners surge 151 percent in September: TurkStat

by Daily Sabah

ISTANBUL Oct 19, 2018 - 12:00 am GMT+3
 File Photo
| File Photo
by Daily Sabah Oct 19, 2018 12:00 am

Property sales to foreigners in Turkey skyrocketed by 151.1 percent year-on-year in September, reaching 5,615 units, the national statistical body announced Friday.

The number of purchases by foreigners in the first nine months of this year has already surpassed the 12-month figures last year.

During this period, foreigners mostly preferred properties in Istanbul, which led the way among other Turkish cities with 1,799 sales. It was followed by the Mediterranean resort city of Antalya with 1,038, Bursa with 424, capital Ankara with 386 and Yalova with 333 sales, according to the Turkish Statistical Institute (TurkStat).

Official figures showed that most of the house sales were made to Iraqi citizens, who bought a total of 1,351 properties last month.

"Iraqis were followed by Iranians with 538 house sales, Kuwait with 360, Saudi Arabia with 312 and Germany with 299 house sales," TurkStat said.

The figures also showed that foreigners acquired more than 24,000 residential properties in the country since the beginning of the year. In 2017, foreigners purchased over 22,000 properties in Turkey.

Overall, some 127,000 house sales were sold in Turkey in September – a decrease of 9.2 percent on a yearly basis, TurkStat said.

Istanbul had the highest share with 15.9 percent and 20,216 houses sold, followed by Ankara with 8.9 percent (11,368) and İzmir with 4.9 percent (6,207).

"The number of mortgaged house sales throughout Turkey hit 11,330, decreasing by 72 percent compared to the same month of the previous year. House sales with a mortgage had an 8.9 percent share of all house sales in Turkey," the statistical body noted.

Meanwhile, around 750,000 residential properties were sold from January to September this year.

Last year, overall 1.4 million residential properties were sold in Turkey, a 5.1 percent annual rise from 2016.

  • shortlink copied
  • Last Update: Oct 19, 2018 3:40 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    homepage
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    13 virtual museums in Turkey to visit without leaving home
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021