Cities where foreigners bought more houses
In the first quarter of 2019, housing sales to foreigners increased by 81 percent compared to the same period of the previous year. In after-sales in April, the total number of foreign ownership in Turkey was 301 thousand and 148.
“Foreign ownership is increasing”
Real Estate General Manager Hakan Özelmacıklı, who stated that the real properties of foreign real persons have been done mostly in Istanbul with 14.000 units, “In other cities such as Antalya, 11 thousand 307 units, Bursa 7 thousand 18, 6 thousand 386 in Muğla, İzmir 3 thousand 944, 3 thousand 901 in Aydin, 3 thousand 607 in Yalova, 4 thousand 424 in Ankara, 2 thousand 32 in Mersin, 953 in Sakarya, Samsun 629 thousand, 198 thousand in Trabzon units, foreigners shareholder said.
“Advantages increased in sales to foreigners”
After the condition of reciprocity removed in 2012, the increase in sales of each day increasing Özelmacıklı, “the recognition of the right to Turkish citizenship in the purchase of real estate in the amount of 250 thousand dollars, including the sale promise contracts, VAT exclusions in the sale of residential and business even after the identification of military prohibited and security areas acceleration of deed transactions increased sales to foreigners, “he said.