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Sale of housing to foreigners increased 82.1 percent

The fourth residential sales statistics were published by the Turkish Statistical Institute (TÜIK) in 2019. Housing sales throughout Turkey 2019 to 84 thousand 403 in April, 18.1 percent of the previous year compared to the same month. In the sale of housing for foreigners, the increase in high rates continues. According to the data described, foreign sales were increased by 82.1 percent compared to the same month of the previous year and 3 thousand 720.

In housing sales, Istanbul had the highest share with 15 thousand 481% of housing sales and 183 per cent. According to the number of sales, Istanbul, 7 thousand 519 of the housing sales and 8, 9, 1 share with Ankara, 4 thousand 797 of the housing sales and 5.7 percent of the share followed by Izmir. The number of residential sales was low, respectively, with 6 residences in Hakkari, 13 residences with Ardahan and 32 housing was Bayburt.

Number of houses sold for the first time 33 thousand 443
The number of residences sold for the first time seems to have decreased in the housing sales statistics of April 2019. The number of houses sold for the first time in Turkey was 33 thousand 443 per cent by 29.6 percent compared to the same month of the previous year. The share of the first sale in total housing sales was 39.6 percent. In the first sales Istanbul 6 thousand 424 with the sale of housing and 19.2 percent of the highest share, while Istanbul, 2 thousand 429 with the sale of housing Ankara and the sale of the House of 1900 followed by Izmir.
Second-hand housing sales increased by 8.3 percent compared to the same month of the previous year, 50 thousand 960.

Sale of housing to foreigners increased 82.1 percent
2019 to foreigners in April 3 thousand 720 housing sales took place. In the sale of housing for foreigners, in April 2019, Istanbul took the first place with 1839 housing sales. Istanbul province, respectively, with the sale of 676 residential buildings in Antalya, 210 with the sale of housing in Ankara, 201 with the sale of housing Bursa and 142 with the sale of housing followed by Yalova.
In April, the citizens of Irak bought 533 residences from Turkey. Irak followed the Russian Federation and Kuwait with 395 housing in Saudi Arabia, 332 with housing in Iran, 202, respectively.

In April, the foreign sales in 82 percent increase in the 3 thousand 720, we see that housing is sold. In addition to the impact of the rising exchange rate, we should connect this increase to the focus of real estate developers on foreign investors.

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