Posted on 14 February 2011
A report released by the Turkish Land Registry Directorate (TKM) details that 68,419 foreigners own property in Turkey.
With 17,668 properties owned by foreigners, Antalya is currently the favourite destination for nationals of other countries who want to buy real estate in Turkey. Antalya is followed by Mugla (8,298), Istanbul (7,605), Aydin (5,010) and Bursa (4,899).
Foreign real estate owners come from 73 countries and own 57,541 properties. UK citizens are the second largest group of owners.
In an interview with the Anatolia news agency, Public Works and Settlement Minister Faruz Nafiz Özak said the exact figures of property sale to foreign nationals would soon be publicly released on the TKM website of the ministry.
“Despite the fact that real estate sales to foreigners have taken place since 1934 and many sales have been made since, this issue has become a top agenda item during our term in power”.
He further stated that “real estate sales to foreigners were realized worldwide on a reciprocal basis, with Turkish nationals owning a large number of properties worldwide. “
Source – Zaman – 22nd Nov 2007.