Turkey's property for sale continues to rise in price, and the construction sector - to get through the consequences of the pandemic. What's happening in the real estate market in Turkey? Is it worth investing now? The top property news in English on Turk.Estate.
- In July 2020, Turkey set a historic record for apartment and house sales. This month, more than 365,000 housing units were sold in the country.
- Along with the growth of July sales, prices for apartments in Turkey also increased: on average in the country by 19.5 percent in just a month!
- The highest rise in housing prices in July was recorded in Antalya, Sanliurfa and Gaziantep provinces. Apartments in Antalya rose by a record 30.67 percent.
- The July statistics of sales of real estate in Turkey to foreigners: Iranians are the top buyers.
Turkish Finance Minister Berat Albayrak spoke about the results of an unprecedented mortgage campaign, and President Recep Erdogan Erdogan talked about what Turkey's "Smart Cities" will look like.