Profits of the Turkish Real Estate Registry Directorate exceeded 2 billion USD
Last Updated: 2020-07-06
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Turkish Land Registry Directorate profits exceed 2 billion dollars
2,014,334,000 USD the proceeds of the Turkish Land Registry Directorate came from real estate procedures.
During the past year of 2019, almost 10,892,283 real estate procedures were implemented within the Directorate of Land Registry and its branches throughout the Turkish Republic and abroad.
Istanbul ranked first among the most implemented states of real estate procedures, followed by the rest of the states in the following order:
|
The state
|
Number of real estate procedures
|
Financial revenues
|
|
Istanbul
|
1.271.473
|
564,880,404 USD
|
|
Ankara
|
770.829
|
184,672,06 USD
|
|
Izmir
|
570.949
|
119,910,695 USD
|
|
Antalya
|
406.633
|
104,530,447 USD
|
|
Bursa
|
395.087
|
80,702,553 USD
|
The proceeds of the Land Registry Directorate's services amounted to 10,907,000,036 Turkish liras (1,800,458,910 USD), and value of working capital returns amounted to 1,163,000,312 Turkish liras (191,980,770 USD), and
Stamp tax returns amounted to 127,451,000 Turkish liras (21,038,808 USD)
The total financial returns of the Land Registry Directorate during the past year are 12,197,800,000 Turkish liras (2,014,334,000 USD).
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