Housing sales for foreigners increased in the first quarter of 2019. The total number of foreign ownership after sales in April is 301.148
Housing sales for foreigners increased by 81 percent in the first quarter of 2019 compared to the same period of the previous year. In after-sales in April, the total number of foreign ownership in Turkey was 301.148.
Foreign Ownership Increases
14 thousand parcel of the real property purchased by foreign real persons in Istanbul. Istanbul is followed by Antalya, Bursa, Mugla, Izmir, Aydin, Yalova, Ankara, Mersin, Sakarya, Samsun, Kocaeli and Trabzon respectively.
Advantages Increased in Sales to Foreigners
Real estate sales made to foreigners increased every day after the condition of reciprocity removed in 2012. Recognition of Turkish citizenship rights in the purchase of 250 thousand dollars of real estate, inclusion of the sales promise contracts in this scope, VAT exemptions in the sale of housing and business, and the acceleration of deed transactions after the identification of military prohibited and security areas increased the sale to foreigners.