When the Turkish Lira’s Decline Leads to Higher Sales of Real Estate!

The current stage in Turkey is witnessing a large turnout by foreigners and Turkish expatriates to the Turkish real estate market ...

When the Turkish Lira’s Decline Leads to Higher Sales of Real Estate!
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2017-11-30 Last update 2020-04-15

When the Turkish Lira’s Decline Leads to Higher Sales of Real Estate!

The current stage in Turkey is witnessing a large turnout by foreigners and Turkish expatriates to the Turkish real estate market after the rise of the dollar and euro exchange rate in Turkey, and because the prices are very suitable for the time being.

This turnout is largely by investors from Arab countries, as well as Turkish expatriates who wish to own property in Turkey.

The current month saw an increase of 23% in the number of foreigners and Turkish expatriates who own in the Turkish real estate market. Real estate companies are currently experiencing a remarkable turnout, especially in major cities such as Istanbul, Ankara, Izmir and the cities of the Mediterranean and the Black Sea.

A good number of Turkish expatriates, foreign investors and Arabs were able to obtain the desired properties at a more favorable price after the rise of the foreign exchange rate in Turkey, especially during the months of October.

The figures in this context indicate that the main destination for Arab investors at the moment is the city of Urdu in the Black Sea region, sales in this region increased by 15% during the month of October, and figures issued by the Turkish Statistical Institute indicate A residential 2677 apartments were sold for Arabs and foreigners during the month of October.

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