Ankara (AA) - Isik Gokkaya, deputy chief of Real Estate Investment Company (GYODER), said the real estate sales increased 89 percent in the first quarter of 2013 compared to the same period of 2012 following the claims about a decrease in the sale of real property due to Gezi Park incidents.
Reminding that foreign purchases or sales increased in the medium and long term, Isik said "The real estate sales have increased 89 percent compared to the same period of 2012 in the first quarter of this year. The purchase of real estate of the foreigners in Turkey is about $ 2.5 billion. We expect that this number would reach $ 3 billion."
-The estate is at a premium in the developing countries-
Turkey is among the countries like Brazil, Russia, India, Ukraine and Malaysia that have the positive outlook in the real estate prices, according to International Monetary Fund (IMF).
Europe is the leading area where the real estate prices had fallen. The global economic crisis affected the property prices adversely.
