Real Estate International Promotion Association
House sales to foreigners up 56.5 percent in January: TÜİK
Residential property sales to foreign buyers rose by 56.5 percent year on year to 4,186 units in January, according to data announced by the Turkish Statistical Institute (TÜİK) on Feb. 18.
Istanbul, Turkey's largest city by population and the commercial hub of the country, took the lion's share of sales to foreign buyers, with 1,771 units.
Turkey eyes $7.5 bln in property sales to foreigners
Expecting a total amount of nearly $7.5 billion in sales to foreigners this year, the Turkish property market ranks among the top 10 in the world, according to an executive of a sectoral association.
"Foreign real estate buyers' interest in Turkey has soared in the last two years," said Hakan Bucak, a board member of the Real Estate International Promotion Association (Gigder).