Special investment opportunity: Rented shops for sale in Istanbul with a good return ‎‎(Ownership, investment, and Turkish citizenship)‎

%20 the Sales of Luxury Apartments for Foreigners

Representative of the Turkey branch of the Reden Group, Mr. Karim Bertrand, said in a speech to reporters that ...

3,013
2017-04-14 Last update 2020-02-12

%20 the Sales of Luxury Apartments for Foreigners

Representative of the Turkey branch of the Reden Group, Mr. Karim Bertrand, said in a speech to reporters that foreigners have bought %21 of all high-end luxury properties in Turkey out of all apartments and houses sold last year.

Mr. Bertrand noted that the competitive real estate offerings offered last year have led foreign investors to buy luxury properties, this has led to sell one in five apartments for foreigners.

He added that the month of December last year was a quantum leap. The percentage of luxury apartments sale to foreigners in January has reached %34, in March to %30 and in April and May to %23 it has changed differently and it sometimes reach %18, the full annual rate to be 21%. Bertrand also added that the beginning of this year was somewhat stagnant in terms of sales to foreigners, especially in February.

He said that property prices were paid in cash by domestic and foreign investors last year by %33, while another part preferred %34 by securities such as bonds and %34 by bank loans.

More from Imtilak
Apartment sales in Turkey achieve promising figures

According to the statistics issued by the Turkish Statistics Institute, the sales of apartments in Turkey have achieved...

2020-07-14
1,461
Electronic title deed system takes third real estate sales in Turkey

According to information published by the General Directorate of Land Registry and Real Estate Survey in Turkey, the ele...

2020-07-09
1,219
Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them