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Property Sales in The First Quarter of The Year

Posted by Lilas Mahmandar on 26 May 2017

Compared to last year, a 7.42% increase was recorded in apartment sales in the first four months of this year. In a statement, the Turkish Statistics Agency said that 440,226 apartments had been sold in these four months.

The statement added that the increase in the large real estate projects and the offers offered by these projects have contributed to the opportunities for those wishing to obtain a residential apartment and also contributed to the movement of the real estate sector.

With about 3,688.55 apartments being exchanged per day across Turkey and 152.85 apartments sold per hour. Istanbul was ranked first in the sale of apartments and Hakkari city was ranked last.

The first three grads in selling apartments were for the three major cities, where Istanbul amounting to 34.89%, through the sale of 76 thousand and 99 apartments, while Ankara followed by the sale of 50 thousand and 328 apartments and followed by Izmir sold 27 thousand and 184 apartments.

President of the Contractors’ Association in Asian Istanbul commented on the increasing in selling properties to foreigners that foreign confidence in Turkey has improved and the actions taken by the government showed a positive impact and contributed to the increase by granting citizenship to foreign investors who are buying real estate in Turkey worth million dollars and cut taxes on the added value to foreigners.

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