The regulation on the implementation of the Turkish Citizenship Law was amended. The promise of ecek 'I will buy a house' saying is enough for Turkish citizenship.
The decision to support real estate sales was published in the Official Gazette and entered into force. Accordingly, according to the amendment to the regulation on the implementation of the Turkish Citizenship Law, promising the sale of 250 thousand dollars of real estate in advance will be sufficient for the acquisition of citizenship of foreigners.
According to the regulation published in the Official Gazette yesterday, 250 thousand dollars or the equivalent of the amount of Turkish Lira amount in cash in advance of the sale of the real estate promised the sale of the contract held for a period of 3 years to be transferred to the title deed and the annulment of the title deed will be sufficient for the acquisition of citizenship. While the historical summits in the sale of housing to foreigners continued to be seen, for the first time in this year more than 30 thousand houses were sold. Next year, the industry's leading representatives of foreign sales will continue to increase home sales, he said.
On the other hand, in line with the needs of the first and second-hand housing sales in the last 4-5 years despite all the troubles experienced in an uptrend, Yetgin said, 2016 was better than 2015. In 2017, 2017 and 2018 were approximately the same figures. We can say that it will continue in this way for the next year.
On the other hand, GYODER Chairman Yetgin, plan in 2019, according to the supply-demand balance will be made according to the projects, the importance and dynamics of the real estate sector will not be lost a year, he added.
Real Estate Investment Trust Association (GYODER) President Assoc. Dr. Feyzullah Yetgin, Demirören News Agency (DHA) spoke. GYODER President Yetgin said that in 2019 foreigners will increase their home sales, and the target for next year is to exceed 50 to 60 thousand figures.
In 2019, the more planned, supply-demand balance according to the housing projects will be expressed that the Yetgin, the dynamics of the real estate sector and dynamics will not be lost a year predicted. When the sector from time to time due to some factors that experienced ups and downs, but we look at the real estate sector noted feet of Turkey's economy is extremely robust foundation for.
The intus Capital Managing Partner Bulent Kozlu, "it is clear that Turkey's long-term potential is high. Global investors are also exactly is aware of Turkey's potential we see in our negotiations very closely. especially in the area, the world's many funds from different geographies closely examines the possible investment opportunities in Turkey. I believe that we will see very serious fund inflows in the near future, especially in the real estate sector.