Foreign Department Affairs in the General Directorate of Land Registry and Cadastre announced the statistical data for 2019 regarding real estate sales to foreigners and their most preferred cities.
According to real estate sales data, real estate sales to foreigners increased significantly in 2019 and cities where the highest number of real estate was sold to foreigners were determined.
Foreign Admiration of Istanbul Continues
In addition to its location, Istanbul, which is famous as a city that makes people fall in love with its historical and natural beauty, is also a favorite of foreign investors.
According to the announced data, Istanbul ranked first in the list of the 10 best-selling cities of real estate for foreigners in Turkey.
Here are the 10 best-selling real estate cities for foreigners in Turkey:
More than 5 million square meters were be sold to foreigners
According to data for the first nine months of 2019, foreigners have bought properties that have an area of 5 million and 429 thousand square meters, while the number of foreigners who bought real estate in that period were 22,441.
Real estate sales to foreigners contributed to the rise in construction sales, which were low in the first half of this year due to high-interest rates.
Edit By: Realty Group