Updated: Mar 8, 2019
Real estate sales to foreigners increased by 39% in the last quarter of 2018 following the decision to grant Turkish citizenship after buying property worth $ 250,000.
Istanbul was the most seller with 14,000 and 270 properties followed by Antalya with 7,000 and 938 properties for foreigners only. The Iraqi nationality was the most purchased by 8 thousand and 205 properties, followed by Iranian nationality with 3 thousand and 652 properties in 2018.
The prices of the purchased apartments ranged between 500 thousand Turkish liras to 3 million Turkish liras , and the highest amount of 250 thousand dollars for investors to obtain Turkish citizenship.
Turkey is waiting for the opening of the largest property exhibition in Istanbul from 12 March to 15 March. Most of the major real estate companies will participate and we hope to visit you at the Pearl Turkey pavilion.