Companies’ Racing in Promoting the Property Ownership in Turkey 2018

Turkish real estate sector is currently trying to develop new property models enabling real estate investors to buy affordable properties in 2018...

Companies’ Racing in Promoting the Property Ownership in Turkey 2018
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2018-01-08 Last update 2020-04-16

Companies’ Racing in Promoting the Property Ownership in Turkey 2018

Turkish real estate sector is currently trying to develop new property models enabling real estate investors to buy affordable properties in 2018.

The year 2017 has witnessed the sale of more than 1.3 million apartments throughout Turkey. This high figure has given more hope of increasing the demand for the real estate sector in 2018, especially after the Turkish real estate companies’ resolve to enable investors of owning the desired properties at the best prices.

Selling properties to foreigners will be the first mean to improve the Turkish real estate market in 2018, by facilitating their purchase and reducing routine procedures, in addition of giving the possibility of installment to foreign investors, as well as the advantages granted by the Turkish government for those wishing to invest in real estate, Such as exempting them from taxes and granting them exceptional Turkish citizenship if they own a property of a certain value.

In the last quarter of 2017, Turkish real estate companies launched a large real estate campaigns that led to a quantum leap in sales. Local and foreign investors were given the opportunity to buy properties by paying easy installments for periods of up to 240 months and to pay 1%, Real estate experts predict that 2018 will witness such campaigns that will further increase the vitality of the Turkish real estate sector.

Source: Emlak Sahifaci

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