How much real estate in Turkey foreigners bought in 2020?

How much real estate in Turkey foreigners bought in 2020?

Sales of Turkish housing to foreigners, which began to decline in March 2020 due to the coronavirus situation, rose in August after a five-month drop. So in August 2020, 3,893 real estate objects in Turkey were sold to foreigners: 8 percent higher than in the same period in 2019. Iranians, Iraqis and Russians are in the lead among August buyers.

If we take the result for the first eight months of this year, then the sales of houses and apartments in Turkey to foreigners decreased by a total of 24.7 percent - to 20,896 objects. Representatives of the Turkish real estate sector note that home sales to foreigners may still reach the results of last year in the remaining four months: if there is no second wave of coronavirus with air travel restrictions.

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