Real estate in Turkey: top news of the week (8-14 November)

Real estate in Turkey: top news of the week (8-14 November)

While the world is going through the second wave of pandemic, Turkey looks pretty calm and safe. Thanks to the development of the healthcare system and the dynamic construction of a huge number of new hospitals, Turkey can today guarantee timely medical care not only for its own residents, but also for foreigners. How many houses and apartments in Turkey have foreigners bought during the coronavirus pandemic? How have house prices changed in Turkey in 2020? Check out the latest news of the Turkish real estate market on Turk.Estate.

  • Foreigners spent $6.7 billion on Turkish housing from January to September, having bought more than 26,000 houses and apartments in Turkey. Market experts predict that by the end of the year the volume of home sales will reach 35,000-40,000 units.
  • Turkey has set an absolute record for home sales - more than two million apartments sold in 10 months. The total sales revenue doubled comparing with the last year's results.
  • Turkey's construction sector has been growing for five months in a row despite the pandemic and the associated economic difficulties: delays in the supply of materials, the rise in prices for concrete and cement and other problems.
  • How much do the most popular apartments in Turkey cost and what is their layout? The stats on this topic have been published.
  • Turkey has topped the list of countries with the most accessible real estate.
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