6/30/2014

Property purchases by foreign buyers up 42 percent in Jan-April

Dünya - Turkey’s property sector has registered a record increase in real estate purchases by foreign nationals during the first 4 months of the year, according to a Foreign Direct Investment (FDI) Bulletin from the Ministry of Economy.


Foreigners bought USD 1.26 billion worth of real estate in Turkey between January and April this year, a solid increase over the USD 893 million observed in the same period of 2013.


Turkey received a total of USD 5.1 billion in FDI during the first 4 months of 2014 - up 46 percent from last year, with real estate accounting for nearly a quarter of the total.

 

Real estate purchases by foreigners in Turkey reached a volume of USD 3 billion in 2013, rising by 15 percent over the previous year after Turkish laws on property ownership by foreigners were eased in 2012.

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