The purchase of homes by foreigners accelerated after the elections

Faruk Akbal, Chairman of the Overseas Real Estate Promotion Association (GİGDER), said global investors saw a recovery in housing demand with post-election uncertainties fading, and said they predicted outstanding demand for value of 1.5 billion dollars would come to an end. Türkiye in a few weeks.

Akbal said that the markets in Turkey, which stagnated with the two big earthquakes in Kahramanmaraş in early February and then stagnated with the electoral atmosphere, started to move after the elections, and that there was a revival of more than 600 percent. in business hours for companies that sold homes to global investors right after the election.

THE LAWSUIT IS REVIVED AGAIN

Akbal said: “This year, the first five months passed in the shadow of the earthquake and the elections. In the first four months, 7,308 fewer homes were sold compared to the first four months of last year. Now this request will be picked up again. We anticipate that the pending lawsuit worth $1.5 billion will arrive in Turkey in the coming weeks.”

According to TUIK data, home sales to foreigners fell by 35.1 percent in the January-April period, standing at 13,483.

Akbal, in addition to the recovery of the demand, which was put on hold by the earthquake and the elections; He stated that the fact that the premium potential of cities like Istanbul, İzmir, Ankara and Bursa is higher than that of cities in developed countries like Paris, London and Berlin is also effective in the growing interest in Turkey. (Reuters)