Property sales in Turkey up nearly 20 pct
ANKARA – Anadolu Agency
A total of 146,536 houses changed hands in October, up 15 percent compared to a month earlier.
The number of properties sold to foreigners jumped 134.2 percent year-on-year last month, TÜİK said.
Melih Tavukçuoğlu, head of the Contractors' Association on Istanbul's Asian side, called last month's rise in housing sales to foreigners "historic."
He said easing the requirements for foreigners to acquire Turkish citizenship had helped spur sales.
Of the total sales, 6,276 houses were sold to foreigners, including 36 percent (or 2,283 units) in Istanbul, the country's largest city by population.
Following Istanbul, the Mediterranean holiday resort of Antalya came second with sales of 1,160 properties, while the northwestern province of Bursa ranked third with 448 units.
Tavukçuoğlu added that the number of properties sold to Germans, British, and Swedes spiked sharply on an annual basis in October - up 222 percent, 131 percent, and 137 percent, respectively - thanks to the "recovery in tourism" this summer.
"We may sell 40,000 units to foreigners in 2018, this is a historic record for our country," he said.