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The latest May reports recorded an overall 5% increase in sales, but the real highlight was the explosive demand from European Union citizens. This category of buyers sparked a local boom on the island, increasing their transactions by a full one-third.
The e-ikamet electronic system has already started accepting applications from foreigners without any restrictions across the country. Only two problematic locations in Istanbul remain off-limits, but experts warn that owners of older and lower-priced properties shouldn’t celebrate just yet.
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