Turkey is in the forefront among the countries, which are interested by foreign investors. In recent years, Turkey is experiencing a rapid development in terms of real estate projects, while foreign investors are quite selective.

“Real estate is the oil of Turkey”

“Real estate is the oil of Turkey”

Turkey is in the forefront among the countries, which are interested by foreign investors.  In recent years, Turkey is experiencing a rapid development in terms of real estate projects, while foreign investors are quite selective. Turkish real estate sector brings around $5-billion investments to Turkey. 

“With the law of reciprocity, selling property to foreigners increased. Turkey attracts many foreign investors from Far East to GCC and Russia.

The worth of real estate sales to foreigners was $1.3 billion in 2004, last year it exceeded over $5 billion. Turkey is now an ‘eye-brightening’ country thanks to its rapid and qualified growth,” Adil Yaman, Managing Partner of Universal21, said. 

He stated that Turkey’s most important export is ‘house sales’. 

“When you sold a house, it remains in Turkey. When a house producing, almost 100 percent domestic input is provided. We all must be aware of the size of this added-value.”

He expressed that foreign investors also contribute to retail, service and manufacturing sectors, not just real estate sector. 

Source:propertyturk.net

Nurullah Kırmacı / emlakcoulisse.com

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