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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
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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.

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