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More US citizens purchase real estate in Turkey

Türkiye Materials 18 June 2019 11:37 (UTC +04:00)

Baku, Azerbaijan, June 18

By Rufiz Hafizoglu - Trend:

In January-May 2019, US citizens acquired 247 properties in Turkey, which is 152 more than in the same period of 2018, Trend reports referring to Turkey's General Directorate of Land Registry and Cadastre.

According to the directorate, US citizens mostly prefer to buy property in Istanbul, Ankara, Izmir and in the western tourist provinces of Turkey.

In May 2019, US citizens in Turkey acquired 68 properties, which is 42 more compared to the same month in 2018.

During the reported period, a total of 82,200 real estate properties were sold in Turkey, which is 31.3 percent more compared to the same period of the last year. According to the Turkish Statistical Institute, 15,800 real estate properties were sold in Istanbul, 8,200 real estate properties in Ankara, and 5,000 real estate properties in Antalya.

The remaining 53,200 real estate properties account for other cities of Turkey.

In May 2019, 3,900 real estate properties were sold to foreigners in Turkey, which is 62.5 percent more compared to the same period in 2018. Iraqi citizens purchased 594 real estate properties, Iranian citizens - 509 real estate properties and Russian citizens - 285 real estate properties.

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Follow the author on Twitter: @rhafizoglu

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