3,939 properties were sold to foreigners in Turkey in July 2022

Turkey witnessed the sale of 3,939 housing units to foreigners across the country in July 2022.

Russians first

Figures issued by the Turkish Statistics Authority reveal that Russian citizens topped the list of real estate purchases in Turkey with 1,028 housing units in July 2022, which is the fourth consecutive month in which Russian ownership in Turkey ranked first, outperforming all their counterparts of other nationalities.

The Iranians came in second place by purchasing 431 housing units, followed by the Iraqis with 380 housing units during July 2022.

In the same month, Turkey, in general, witnessed the sale of 93,902 housing units, a decrease of 37% on a monthly basis.

June records the highest foreign sales:

Istanbul recorded the largest number of real estate sales to foreigners in June 2020 with 14,350 housing units, then the capital, Ankara, with 7,417, and Izmir with 4,868.

According to the figures announced by the Turkish Statistics Authority, on Tuesday, the percentage of real estate sales to foreigners in Turkey for July 2022 decreased by 12.4%, compared to the same month last year 2021.

Edited by Imtilak Real Estate ©

 Anadolu Agency