Arabs Continue to Prefer Istanbul Residences

It has been stated that the Arabs, which have started to show great interest in Turkey in recent years, have bought the most houses from Istanbul.

The interest of the Arabs in Turkey continues to grow. Every year, millions of Arab tourists visit the country, while the number of investors is increasing.

According to the data released by the Turkish Statistical Institute (TUIK), housing sales made by foreigners increased by 70.9 percent compared to the same month of the previous year and reached 2 thousand 677. In October 2017, Istanbul took the first place with a sales of 321 units. Istanbul was followed by Antalya with 465 residential sales, Bursa with 121 residential sales, Yalova with 108 residential sales and Aydın with 93 residential sales.

The Saudis bought the most

In this context, the purchase of housing for Arab citizens in Turkey is increasing day by day. According to the nationalities, the purchase of the most housing was done by the citizens of Saudi Arabia.

In October, the Saudis bought 528 residences, followed by Iraqi citizens with 344, Azerbaijan with 278 houses and Kuwait citizens with 154 units.

Leave a Reply

Your email address will not be published.