Baku, Azerbaijan, Sept. 13
By Rufiz Hafizoglu – Trend:
Within 30 days, Turkey will switch to the national currency (lira), in sale and lease of real estate, Turkey’s Resmi Gazete newspaper reported Sept. 13.
Such a decision was made by Turkish President Recep Tayyip Erdogan as part of the policy of protecting the Turkish lira from devaluation.
In July 2018, 123,878 real estate objects were sold in Turkey, which is by 6.9 percent more than in July 2017, according to the Institute of Statistics of Turkey (TUIK).
During the reporting period, 19,503 real estate objects were sold in Istanbul, 12,119 real estate objects - in Ankara, and 6,322 real estate objects - in Izmir.
The remaining 85,934 real estate objects account for the share of other Turkish cities.
In July 2018, 2,858 real estate objects were sold to foreigners in Turkey, which is 65.6 percent more compared to the same month of 2017.
In July 2018, foreigners purchased 956 real estate objects in Istanbul, and 641 objects in Antalya, while the remaining 1,261 objects acquired by foreigners account for the share of other Turkish cities.
In July 2018, Iraqi citizens purchased 584 real estate objects in Turkey, Iranian citizens – 321 objects and citizens of Russia – 173 objects.
The remaining 1,780 real estate objects account for the share of citizens of other countries.
---
Follow the author on Twitter: @rhafizoglu