How Many Units did Foreigners Buy in the First Half of 2017?

How Many Units did Foreigners Buy in the First Half of 2017?

The Turkish Statistical Institute announced housing sales data covering the January-June 2017 period. According to this, foreigners bought 9,595 units in the first half of the year. In the same period of the last year, the number was 9,378 units. Following the July 15 coup attempt, foreigners’ housing purchases had fallen sharply. After the removal […]

VAT Exemption to Foreigners Start 1 April

VAT Exemption to Foreigners Start 1 April

Arranging the exemption of VAT for foreign residential and business place sales will start to be implemented from 1 April. The law on the restructuring of certain receivables and the amendments to certain laws and decrees on the law was published in the official gazette. There is also an arrangement in the bag law that […]

Afghans’ Surprise Entry to Property Market

Afghans’ Surprise Entry to Property Market

In the order of foreigners purchasing real estate from Turkey, Afghans who made purchases of 1623 properties last year made a surprise entry into the list from the 5th place. Afghans who are not among the top 10 in the list of foreigners residing in Turkey in 2015, went to 5th place with the purchase […]

Foreigners not to Pay VAT

Foreigners not to Pay VAT

Finance Minister Naci Ağbal said that they are launching VAT exemption on the sale of properties to foreigners. “If the construction companies sell a property or commercial unit to a foreign real person or company, we will exempt the VAT. Therefore foreigners will not pay VAT when they want to buy housing or business place […]

10 Cities Foreigners Bought Most Property in 2016

10 Cities Foreigners Bought Most Property in 2016

According to the statement released by the Turkish Statistical Institute, in 2016, the sale of properties to foreigners was 18 thousand 189 units. Looking at the figures, the top 10 cities where foreigners have made the most purchases and the number of houses sold are as follows: İstanbul 5.811 Antalya 4.352 Bursa 1.318 Aydın 871 […]

Foreign Investors can Obtain Turkish Citizenship

Foreign Investors can Obtain Turkish Citizenship

Regulations in Turkey’s Official Gazette state foreigners who own real estate in Turkey worth a min. $1 mn with the special condition of not selling it for at least 3 years will be able to access Turkish citizenship. The regulation covers the following items; Investors must hold at least $1 mn in real estate, which […]

Real Estate Sells Eventually, What about Investment Conditions?

Real Estate Sells Eventually, What about Investment Conditions?

As you might know, the “Regulation on the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law” was published in the Official Gazette and entered into force. Foreigners who make a fixed capital investment of at least $ 2 million, or purchase at least $1 million of immovable property, not sold for […]

Turkish Citizenship for $1 Million Property Purchase

Turkish Citizenship for $1 Million Property Purchase

The new conditions of being a Turkish citizen in the Official Gazette were published. $ 2 million fixed investment, or keeping 3 million dollars in the bank for 3 years will be granted citizenship. Turkish citizenship shall be granted to foreign nationals who invest at least US $ 2 million in fixed capital, or who […]

Foreigner Interest in Property Projects in 2016

Foreigner Interest in Property Projects in 2016

Branded property projects were also among the foreign investors that invested in Turkey in 2016. How much of the sales realized within property projects were made with foreign investors? Which property types showed foreign investors’ interest in real estate investment? Here is the analysis of first-hand apartments foreigners who invested in real estate in Turkey […]

Istanbul | The First Preference of Foreign Investors

Istanbul | The First Preference of Foreign Investors

GYODER has published its 3rd Quarter Indicators Report. According to the report, while a total of 936 thousand 615 residential properties were sold in Turkey between January – September 2015, it is emphasized that the figure for the same period of 2016 is 935 thousand 811. It is underlined that the ‘Union of Forces in […]

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