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Although the depreciation of the lira has brought problems to the Turkish government, the economic situation on the other hand has benefited foreign nationals who used it for mass purchases of real estate in Turkey.
As reported by Reuters, the sale of houses for foreign nationals in Turkey in November increased by 50 percent, Telegrafi reports.
For all this, of course, the culprit is the fall in the pound, which made it easier for foreign nationals to buy real estate.
“People see buying real estate as a means of protecting themselves from inflation. “The low interest rate on loans has also had an impact,” said Makbule Jonel Maja, director general of real estate appraisal.
According to official data, 7,363 houses were sold to foreigners in November, which is the largest number since 2013.
The largest number of foreigners who have bought houses in Turkey are mainly of Iranian, Iraqi and Russian descent.
The countries that have attracted the most attention of foreigners when it comes to home sales, was Istanbul with 2,922 objects, Antalya and Ankara. / Telegraphy /
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