Foreign Interest in Branded Projects Rising

Foreign Interest in Branded Projects Rising

According to the results of the REIDIN-GYODER New Housing Price Index, in June, 10 percent of branded housing projects were sold to foreign investors. This rate is 3 points above the average of the last 6 months. Foreign investor sales were 6 percent in February, 8 percent in March and April, and 7 percent in […]

Foreigners Purchase 20 thousand Units in 11 Months

Foreigners Purchase 20 thousand Units in 11 Months

Turkey Statistical Institute announced the housing sales data covering the period in January – November 2017. According to this, foreigners bought 20 thousand 70 houses in the first 11 months of the year. In the same period of the last year, the figure was 16 thousand 549 units. Following the July 15 coup attempt, foreigners’ purchases […]

Arabs Continue to Prefer Istanbul Residences

Arabs Continue to Prefer Istanbul Residences

It has been stated that the Arabs, which have started to show great interest in Turkey in recent years, have bought the most houses from Istanbul. The interest of the Arabs in Turkey continues to grow. Every year, millions of Arab tourists visit the country, while the number of investors is increasing. According to the […]

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 […]

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