The number of real estate purchases made by foreigners in Turkey increased by half in 2014. The non-residents acquired 18,959 objects that is by 55.6% more than in 2013 (12,181 objects). Such data was published by the Turkish Statistical Institute (TurkStat).
New indicators, including the December data, in total reflect the trend which passed throughout the year 2014. Foreigners are actively buying housing near the sea and in Istanbul.
The main direction of foreign investment in Turkey is coastal area of Antalya and its capital, where the share of foreign buyers on the housing market amounted to 34.5% of the total in 2014. It is traditionally followed by Istanbul (29.4%) which is the second most popular destination.
In the first 11 months of 2014, foreigners invested $3.7 billion (about €3.27 billion) in Turkish "squares", which is by 35% higher than for the same period of 2013. The most active investors were citizens form the United Kingdom, Germany, Saudi Arabia, Kuwait and the Gulf states. They are also expected to remain key market players in 2015.
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