Buy Property Istanbul - Reha Medin Global

Yet Another Record - House Sales to Foreigners are Through the Roof


Yet Another Record - House Sales to Foreigners are Through the Roof

Turkish real estate market has seen a drastic rise in house sales to foreigners in October 2017, breaking the record once again with 2,677 houses sold. The last record-braking sales were recorded last month in September, with 2,236 houses sold to foreigners. 

The record breaking sales in October 2017 came with another record; this time for Istanbul. In October 2017, 1,321 houses were sold to foreigners, which is the new record for Istanbul and any city in Turkey. Istanbul has always been the point of interest for international investors and relocating foreigners, but house sales had never surpassed 1,000 units, though coming close in December 2015 with 977 units.

House Sales to Foreigners, First 3Qs
 Istanbul  5,331 
 Antalya  3,373
 Bursa  1,023
 Trabzon  763
 Yalova  702
 Aydın  611
House Sales to Foreigners, September 2017
 Istanbul  797
 Antalya  520
 Bursa  119
 Trabzon  119
 Aydın  119
 Yalova  87
 All of Turkey  2,236
House Sales to Foreigners, October 2017
 Istanbul  1,321
 Antalya  465
 Bursa  121
 Trabzon  75
 Aydın  93
 Yalova  108
 All of Turkey   2,677 

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