Home sales to foreigners in March sank by 47.9% compared to the same month last year (a total of 1,778 units), and decreased by almost the same amount in the first quarter — January-March — by 48% compared to the same period last year: a total of 5,685 housing units. As a result, the citizens of the Russian Federation bought the most, who have been leading in monthly transactions for two years. Iranians are in second place, Ukrainians are in third ahead of Iraq.
Here are the TOP 20 countries buying the most residential real estate in Turkey in March 2024:
- Russian Federation — 411 housing units;
- Iran — 182;
- Ukraine — 129;
- Iraq — 82;
- Kazakhstan — 72;
- Germany — 68;
- Azerbaijan — 57;
- Afghanistan — 47;
- USA — 43;
- China — 39;
- England — 37;
- Palestine — 36;
- Saudi Arabia — 36;
- Kuwait — 32;
- Israel — 26;
- Egypt — 25;
- Jordan — 25;
- Algeria — 24;
- Netherlands — 22;
- Lebanon — 21.
However, transactions with overseas investors has slowly begun to recover compared with February, when the lowest figure was recorded in the last two years.