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Sales of real estate decrease in Turkey in November

Business Materials 21 December 2018 10:48 (UTC +04:00)

Baku, Azerbaijan, Dec. 21

By Rufiz Hafizoglu - Trend:

Some 89,626 real estate properties were sold in Turkey in November 2018, which is 27 percent less compared to the same month in 2017, Trend reports referring to the Turkish Statistical Institute (TUIK).

During the period, 16,058 real estate properties were sold in Istanbul, 7,834 properties in Ankara, and 4,773 properties in Izmir, the message said.

"The remaining 60,961 real estate properties fall to the share of other cities," the TUIK message read.

During the reported period, 4,672 real estate properties were sold to foreigners in Turkey, which is 117.1 percent more compared to the same month in 2017.

"In November 2018, foreigners purchased 1,922 real estate properties in Istanbul and 797 properties in Antalya. The remaining 1,953 real estate properties purchased by foreigners fell to the share of other Turkish cities," the message said.

The message also noted that in November, the Iraqi citizens acquired 1,003 real estate properties in Turkey, and the citizens of Iran purchased 463 properties.

"The remaining 3,206 real estate properties fall to the share of citizens of other countries," the TUIK message read.

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Follow the author on Twitter: @rhafizoglu

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