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Turks sceptical about home sales to foreigners

The majority of Turkish people are not comfortable with house sales to foreigners, a trend that has pushed many construction firms to limit their sales to foreigners, a recent study has shown. 

Some 65% of Turkish people are against house sales to foreigners, a study by the Association of Real Estate Investment Companies (GYODER) showed in a survey conducted with over 5,000 people. Only 27% of the participants said they had no problem with foreigners purchasing houses in Turkey. 

After a new law came into effect, allowing foreigners to buy dwellings in Turkey, many Turkish construction firms started to participate in property fairs abroad, especially in Arab countries, to find new customers. A majority of the firms have since succeeded in selling houses abroad.

Because of a lack of support for house sales to foreigners, however, some construction firms have begun limiting their sales to non-Turks out of fear of losing domestic customers, with most putting a limit of between 5% and 10% of sales. 

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