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Increase in the Interest by Foreigners in Real Estate in Turkey

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Increase in the interest by foreigners in real estate
Nova Property

The Reciprocity Law, which eliminated the restrictions in the procurement of Real Estate in Turkey by foreigners, started to yield fruits.

Increase in the interest by foreigners in real estate

According to the data provided in the International Direct Investment Data Newsletter, there has been an increase of 22.5% in the real estate procurements by foreigners in the period of January-September this year as compared to the same period last year. Last year, the value of properties bought by foreigners was 1 billion 506 million USD whereas it reached 1 billion 845 million USD in the same period this year.