Double record in house sales to foreigners in Turkey

In September, the record for housing sales to foreigners was broken with 6,630 units on a monthly basis. The summit was reached by exceeding 37 thousand in 9 months. Sector representatives said that the target of 50 thousand will be exceeded this year and that more than 10 billion foreign currency inflows will be provided. The purchases of the investor, who took advantage of the increase in the exchange rate to return to TL, the increasing foreign interest and the positive expectations for the upcoming period energized the housing market. The number of houses sold throughout Turkey increased by 7.6% in September compared to the same month of the previous year and reached 147 thousand 143. While the highest house sales figure of the last 13 months was reached on a monthly basis, at the same time, the highest sales figure was achieved in September. Mortgage sales, on the other hand, reached the highest level of the last year with 29,759 units.


In 9 months, the most house sales were made to Iranians with 5 thousand 923 units. Iranians were followed by Iraqis with 5 thousand 621, Russians with 3 thousand 115, and Afghans with 2 thousand 89.

Source: Sabah / Translated by Irem Yildiz

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