As usual, we remind you about the most relevant real estate news in Turkey over the past 7 days.
Turkey has once again become a world leader in house price growth. Investors from abroad are actively interested in real estate here: here are the TOP-20 countries whose citizens purchased the most apartments and houses last February. Moreover, they were not even confused by the sad events of last month, we mean the earthquake and its consequences; be that as it may, tremors are a familiar thing for Turkey.
Russians buy especially a lot, because for them, from April 1, Turkey will remain virtually the only country with the possibility of "acquiring" citizenship for investment, bypassing the registration of a residence permit; we do not take Vanuatu into account. However, interested parties from other countries are also active; for example, a liner with several hundred tourists was spotted in the port of Alanya, many of whom, according to unofficial data, turned out to be potential home buyers from the United States who came to look around.
But in the domestic market, February was the worst in terms of transactions in three years. Potential buyers postpone transactions, either simply worrying, or spending more time on the selection of real estate and checking buildings for compliance with all construction requirements. By the way, perhaps in the near future the similarity of "earthquake resistance certificates" will be required from hotels, catering establishments, and other buildings related to social and entertainment infrastructure.
Well, among the cities, Istanbul remains the leader in terms of housing transactions.