: 2017-11-01 Modified date : 2019-04-10
Turkey's statistics firm announced the latest figures for sales in real estate in September 2017, and promising figures indicate the importance of the real estate sector, which is profitable for investors throughout Turkey.
Figures released by the Turkish Statistical Institute show that September saw an increase in sales of 28.8 percent throughout Turkey compared to the same month last year.
Offers by real estate companies in both the public and private sectors played a major role in increasing the demand for investment in the real estate sector, which led to a big jump in the third and fourth quarters of this year.
These promising figures have led to an increase in the outlook for 2018 as real estate experts predict that the volume of sales will exceed one million apartments this year easily and that it will also extend to next year, to start strongly in terms of sales starting from the beginning of the year.
The real estate sector, unlike other real estate markets, has witnessed an unprecedented decline despite the decline in many international real estate markets. Experts attribute this to the increased stability in the Turkish economy, especially after the constitutional referendum on changing the regime in Turkey from parliamentary to presidential, accordingly there has been a significant rise in the Turkish stock market and a large number of foreign investors entering the Turkish market in general and the real estate market in particular.
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