Housing Purchase Condition for Foreign Citizenship Should be Reduced to 300 Thousand Dollars

tamer ozyurt
Tamer Özyurt

Evaluating the June housing sales statistics released by the Statistics Institute of Turkey, Özyurtlar Holding Chairman Tamer Özyurt said that in the issuance of 119,143 houses with 22,4% increase in housing sales compared to the same month of last year, the incentives given by the government, the reduction of the housing loans of the banks and the housing price reduction campaign organized between 15 May and 30 June were very effective and thus the end of the election process and the removal of Ohal (State of emergency) will lead to positive reflections in the coming periods.

Özyurt added that the most important issue in order to reach more serious dimensions of foreign residential sales is the $1 million real estate purchasing requirement, which he said should be reduced to $300 thousand dollars.

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