Iranians

House sales to foreigners in Türkiye decreased by 27.0 percent in February compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on March 15.

A total of 3,350 houses were sold to foreigners last month, accounting for 4.2 percent of the country's total house sales of 80,031.

The Turkish government will provide substantial financial support to property companies for promotion activities abroad, according to a presidential decree published in the Official Gazette on April 22.

Marketing Turkish properties have been classified as "service exports," the decree said.

Residential Property Price Index (RPPI) increased monthly by 13.5 percent in February, while it recorded an annual increase of 96.4 percent in nominal terms and 26.9 percent in real terms, according to data released by the Turkish Central Bank yesterday.

The RPPI (2017=100), which measures quality adjusted price changes of dwellings in Turkey stood at 317.6 in February.

Residential property sales in Turkey surged 20.6 percent on an annual basis in March, according to data released by the Turkish Statistical Institute (TÜİK) on April 15.

A total of 134,170 houses were sold last month, up from 111,241 in March 2021, TÜİK said in its monthly report.

Residential property sales in Turkey increased 15 percent year-on-year in October, the country's statistical authority said on Nov. 15.

A total of 137,401 houses changed hands last month, up from 119,574 last year, according to the Turkish Statistical Institute (TÜİK).

Housing sales to foreign buyers also rose during the same period, up 12 percent to 5,893 units.