Kuwaitis are top buyers of Turkish properties

Kuwaitis ranked eighth among foreigners who purchased real estate properties in Turkey in March, reports Al-Rai daily. Statistics released by the Turkish Statistical Institute showed that Kuwaitis purchased 156 properties in March.

Iranians topped the list with 784 properties. The total number of real estate properties sold to foreigners reached 5,567 — an increase of 31 percent compared to the same month in 2021.

Istanbul ranked first among the Turkish cities where real estate properties were sold to foreigners with a total of 2,245 properties; followed by Antalya with 434; and then the capital, Ankara, with 347.

In other news, the investments of the Kuwait Investment Authority in the financial market of Turkey (the stock market) are modest, but they were affected by the fall of the value of lira and the pressures witnessed in the economic sectors, reports Al-Rai daily. They explained that most of the authority’s investments in Turkey are concentrated in the real estate sector.