Skip to main content

Sales of Turkish property to foreign buyers reaches $4.3B in 2014

Foreign real estate purchases in Turkey have reached more than $16 billion over the past six years, hitting an all-time annual high last year.
Holidaymakers rest at a beach in the resort town of Bodrum July 14, 2014. As families splash in the sea and lounge in the sun, thoughts of politics and civic duty are a world away for most Turks holidaying on the Aegean and Mediterranean coasts. Only the most committed opponents of Prime Minister Tayyip Erdogan leave the beach to queue in a sweltering council building nearby to register to vote in next month's presidential election to prevent what they see as the country's slide towards authoritarianism. Th
Read in 

Foreign purchases of real estate in Turkey are increasing at a rapid pace. Last year, foreigners bought properties worth $4.32 billion, reaching an all-time annual high.

In the past six years, foreign real estate purchases amounted to $16.29 billion, including $1.78 billion in 2009, $2.49 billion in 2010, $2.01 billion in 2011, $2.64 billion in 2012, $3.05 billion in 2013 and $4.32 billion in 2014. In the first two months of 2015, the figure stood at $590 million.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.