A new movement started in residential sales throughout Turkey. Foreigners accelerated housing purchases.
There is a new movement in residential sales throughout Turkey. Emine Açar, the author of Yeni Şafak Newspaper, evaluated housing sales data in today's post.
Negative perceptions towards Turkey did not close the investment appetite of foreigners. Foreigners who continued their purchases in real estate increased their September purchases by 75 percent compared to the same month last year. Foreign traffic has also accelerated in sales offices. Contractors are also receiving project partnership requests from strangers who bring money to the sector.
There has recently been a new movement in housing sales throughout Turkey. Along with the incentives given to the sector, foreign interest was also effective in this. In the last year, foreign investors from Turkey received 2 thousand 236 houses from Turkey in September this year. The figure increased by 75 percent compared to the same month of the previous year. In the January-September period last year, the total sale of housing made for foreigners also increased from 13,210 units to 15,241 units in the same period of this year. Kuzu Group Board Member and CEO Özen Kuzu said that in September 2017, Istanbul received 797 residential sales in the first place in residential sales made abroad.
Kuzu said that these developments are very pleasing on behalf of the country's economy, "We see from the figures that the real estate sector is a safe harbor for our country's economy. The increase in housing sales figures by 28.8 percent compared to the same month of the previous year is proof that the real estate sector is a safe investment vehicle. As sector representatives, we are quite hopeful that housing sales figures will increase compared to the previous year until the end of 2017 ".