...

Which major Turkish city has the cheapest housing?

Business Materials 19 December 2018 17:42 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Rufiz Hafizoglu - Trend:

The cheapest accommodation in Turkey's major cities of Turkey can be purchased in Ankara, the Turkish General Directorate of Land Registry and Cadastre told Trend on Dec. 19.

Presently, in Ankara, housing can be purchased by paying 1,878 Turkish liras for a square meter, according to the report.

"In the western province of Izmir one square meter costs 2,958 liras," the directorate said.

The directorate also noted that in Istanbul a square meter costs 4,130 liras.

Some 146,536 real estate properties were sold in Turkey in October 2018, which is 19.2 percent more compared to the same month in 2017, the Turkish Statistical Institute (TUIK) had earlier said in a statement.

During the period, 27,156 real estate properties in Istanbul, 13,430 properties in Ankara, and 7,419 properties in Izmir were sold, the message said.

"The remaining 98,531 real estate properties fall on the share of other cities," the TUIK message reads.

During the reported period, 6,276 real estate properties were sold to foreigners in Turkey, which is 134.4 percent more compared to the same month in 2017.

"In October 2018, foreigners purchased 2,283 real estate properties in Istanbul and 1,160 properties in Antalya. The remaining 2,833 real estate properties purchased by foreigners fell to the share of other Turkish cities," the message said.

The message also noted that in October, the Iraqi citizens acquired 557 real estate properties in Turkey, and the citizens of Iran purchased 378 properties.

---

Follow the author on Twitter: @rhafizoglu

Tags:
Latest

Latest