Russians buy most property in Turkey

Russians buy most property in Turkey

ANKARA - Anatolia News Agency
A total of 14,599 foreigners from different countries have bought 13,495 properties across Turkey since the reciprocity law came into effect, according to data from the Turkish Environment and Urban Planning Ministry.

Russians ranked first among foreign citizens purchasing real estate in Turkey with 2,313 properties in the last year. Russians were followed by Britons and Germans. Other countries that have showed high interest in Turkish real estate are Norway, Sweden, Belgium and the Netherlands.

Mersin most preferred

Foreigners preferred the southern province of Mersin in the last year. Mersin was followed by İzmir, Yalova, Bursa, Ankara and Trabzon.

The real estate sector has witnessed an increase in foreign real estate acquisitions since the enactment of a bill last year that removed the condition of reciprocity and eased restrictions on the sale of land and real estate to foreign citizens and firms.