properties were sold to foreigners in Turkey<\/a> . According to the Turkish Statistical Institute, or Turk Stat, there was a 22% increase in home sales to foreign buyers.<\/p>\n These results have increased due to the relaxation of laws: in exchange for purchasing real estate worth $1 million or more, foreigners can obtain Turkish citizenship and international buyers have been \u201cexempted\u201d from paying 18% VAT on foreign property.<\/p>\n
Foreign buyers are most interested in real estate in Istanbul and Antalya. The most popular city for purchase or investment is Istanbul, 37% of the total, Antalya – with 21%.<\/p>\n
Investment from foreign buyers is expected to increase by 20% during 2018, meaning that more than 26,000 transactions are expected this year, representing a sales volume of US$7 billion.<\/p>\n
The Turkish government is also expected to issue new rules on property purchases to encourage more foreigners to buy property in Turkey.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
In 2017, 22,324 properties were sold to foreigners in Turkey . According to the Turkish Statistical Institute, or Turk Stat, there was a 22% increase in home sales to foreign buyers. These results have increased due to the relaxation of laws: in exchange for purchasing real estate worth $1 million or more, foreigners can obtain\u2026<\/p>\n","protected":false},"author":1,"featured_media":794754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[258,266],"tags":[],"class_list":["post-383633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investors","category-turciya"],"yoast_head":"
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