Economic Recovery Increased Housing Sales in Turkey

Economic Recovery Increased Housing Sales in Turkey

Economic recovery rises confidence index to 8-month high. Minister Albayrak announced that the recovery trend is reflected in the rapidly decreasing home sales. Economic confidence index rose to 84.7 in April. The index had fallen to 75.2 in October. The index has been raised %12.6 since then. Currency sales of citizens increased Domestic investors, for the first […]

Important Progress for Foreign Investors

Important Progress for Foreign Investors

Turkey is expected to create a more secure environment in foreign property purchases With the law published on September 19, 2018, foreigners are required to purchase 250 thousand dollars worth of immovable property to earn Turkish citizenship. A minimum purchase price of $ 1 million was reduced to $ 250,000 in the new regulation. Real estate valuation […]

New Arrangement for Sales to Foreigners

New Arrangement for Sales to Foreigners

After 4 March 2019 “Valuation Report” will be asked for the completion of the transaction for the sale of properties purchased by foreign investors in Turkey With this new regulation, it will be provided to prevent sale of real estate worth less than the price to foreign investors, and to increase the brand value of Turkey. No […]

Turkish Lira Lost Value, Foreign Investors Won

Turkish Lira Lost Value, Foreign Investors Won

Foreign investors paid an average of 149,000 USD in Turkey per house in 2018   39.663 houses were sold to foreign investors in 2018 in Turkey, while sales revenue was 5.9 billion USD. The average value of housing purchased by foreign investors approached 149.000 USD. The number of residential sales to foreigners increased by 78.3 […]

Land Registry Offices in 12 Countries

Land Registry Offices in 12 Countries

General Directorate of Land Registry will open representative offices in 12 countries Murat Kurum Minister of Environment and Urbanism said that “General Directorate of Land Registry will open representative offices in 12 countries”. “We are in the second place in the field of contracting after China all over the world. Our construction and contracting sector […]

Esenyurt Housing Victims in Parliament

Esenyurt Housing Victims in Parliament

Hundreds of housing victims departing from Istanbul reached TBMM (Turkish Grand National Assembly) Victims are in anger with the former mayor Necmi Kadıoğlu and the contractors who did not deliver homes. Innovia Tuzla, Innovia Arifiye, Caprice Gold, Fiyapı, Bulut Construction, Dumankaya Construction, Babil Towers and Thermal Victims attended to the organisation. Housing victims told about […]

If the Contractors can not Complete the Project…

If the Contractors can not Complete the Project…

Minister of Environment and Urbanization Mr. Murat Kurum made important statements on TV live The Minister of Environment and Urbanization, Mr. Murat Kurum said that the “insurance for completion” or “collateral” requirement will be introduced by the arrangement made for the contracting sector. Where the contractors cannot complete the construction, the bank or the insurance […]

Time to Encourage Foreign Real Estate Investor

Time to Encourage Foreign Real Estate Investor

Ağaoğlu Group of Companies President of Group Business Development / Executive Board Member Burak Kutluğ offered 5 concrete suggestions in his speech at the 5th Construction and Housing Conference. “Providing competitive incentives compared to alternative countries, introducing VAT, stamp and duties exception, inclusion of the industry in foreign exchange earning services, leverage and encouraging promotional […]

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 […]

Do Foreigners Invest in Turkey?

Do Foreigners Invest in Turkey?

Do foreigners invest in Turkey? The answer to this question is a huge NO! So many properties are sold to foreigners in Turkey. You may be asking if these are not investments. No, they are not, they are merely ordinary properties that they buy to stay in Turkey when they come from time to time. […]

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