Turkey took 14th place in the ranking of profitable real estate market
Turkey took 14th place in the ranking of profitable real estate markets for foreigners, reports Daily Sabbah
In a new study by Remote Ventures, which analyzed 200 countries and identified the 25 most profitable real estate investment markets, Turkey ranked 14th, ahead of countries such as Spain, Portugal and Greece. This was made possible thanks to affordable housing prices, growth forecasts and a stable tourism market.
According to the Turkish Statistical Institute, the number of real estate sold to foreigners increased by 11% and reached 11,068 between January and March 2020, despite short-term stagnation in the housing market due to the coronavirus pandemic.