Turkey sees surge in overseas buyers after law change
Russian and British buyers are leading a surge in the property investment market in Turkey with more overseas buyers overall due to a change in the law. Foreign sales have grown remarkably since rules allowing foreign buyers were extended from 89 countries to 183, including Russia and the Middle East.
Figures from the Environment and Urban Planning Ministry show that in the last 12 months 14,599 foreign buyers have bought properties. The southern coastal province of Mersin was most popular with foreign buyers, followed by the Aegean side province of Izmir and Yalova province on the Marmara sea – Istanbul did not make the top 10. [click to continue…]
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