Property Sales to Foreigners Rose by 9%

TUIK, the Statistics Authority of Turkey, has announced the residential property sales statistics for the first quarter of 2016 in Turkey. According to these, the number of properties sold to foreign nationals in the first quarter of the year rose by 8,9%, when compared to last year, reaching 4.681. Despite a fall of 0,9% in March, the 13,4% and 15,8% increases in January and February were effective in the increase. The increase in Ankara stands out The highest number of residential properties sold to foreign nationals in the first quarter was 1.636, in Istanbul. Istanbul was followed by Antalya with 1.003, Bursa with 385, Yalova with 240 and Ankara with 185 property sales. Purchases by Russians continue, but at lower levels As per last year, Iraqi nationals were again the foreign nationals purchasing the highest number of residential properties in Turkey, in the first quarter of 2016. While a total of 917 properties were sold to Iraqi nationals during the first quarter, they were followed by Saudi Arabians with 445, Kuwaitis with 429, Afghans with 393 and Russians with 290 properties. The increase in Afghan nationals, as of the first quarter of 2016, is also attracting attention. While a total of 656 Afghan nationals purchased properties in Turkey last year, this figure has already reached 393 in the first quarter of this year.