According to the statement by Demir İnşaat, company has sold 10 houses during the Dubai International Property Show, which is held between March 30 and April 1.

'We can increase the sales to foreigners up to the $10 billion levels'

According to the statement by Demir İnşaat, company has sold 10 houses during the Dubai International Property Show, which is held between March 30 and April 1.

Hamit Demir, Chairman of Demir İnşaat, said that they will continue to ‘pick the fruits of advertisement they did in Dubai’. Talks with investors will continue in Istanbul, Demir said in the statement. 

“We will pave the way for new foreign investments as a result of talks with investors. The warm relations that has been occurred in Dubai, will reflect as the sales in upcoming period.” 

He stated that it is possible to increase the sales level to foreigners to $10 billion by attending the fairs and promotional activities. 

Saying that Turkey can move growth in real estate sector much further with sales to foreigners, “With the reciprocity law, the way was paved for sales to foreigners. Now, investors especially from Middle East, Russia, GCC and Turkic Republics comes to Turkey to make investment. In 2004, real estate sales to foreigners was $1.3 billion. Thanks to reciprocity law, sales exceeded $4 billion level. Data of Central Bank shows these information, and it proves that we still have a long way to go.

As Turkish real estate sector, we can increase the sales to foreigners up to the $10 billion levels. It is not a dream for Turkey.” 

Source:www.propertyturk.net

Nurullah Kırmacı / emlakcoulisse.com

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