FOREIGNERS SPEEDED UP HOUSING PURCHASES

There has recently been a new movement in housing sales throughout Turkey. Along with the incentives given to the sector, foreign interest was also effective in this. In the last year, foreign investors from Turkey received 2 thousand 236 houses from Turkey in September this year. The figure increased by 75 percent compared to the same month of the previous year. In the January-September period last year, the total sale of housing made for foreigners also increased from 13,210 units to 15,241 units in the same period of this year. Kuzu Group Board Member and CEO Özen Kuzu said that in September 2017, Istanbul received 797 residential sales in the first place in residential sales made abroad.

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Kuzu said that these developments are very gratifying for the country's economy, "We see from the figures that the real estate sector is a safe haven for our country's economy. The increase in housing sales figures by 28.8 percent compared to the same month of the previous year is proof that the real estate sector is a safe investment vehicle. As sector representatives, we are quite hopeful that housing sales figures will increase compared to the previous year until the end of 2017 ".

Anadolu Yakası Construction Contractors Association (AYİDER) President Melih Tavukçuoğlu also reported that foreign buyer traffic increased in sales offices. Especially in Istanbul, according to the same period last year, 60 percent increase in the sale of foreign housing, stating that Tavukcuoglu, "foreign investment in the sale of VAT and foreign real estate purchases over $ 1 million to give citizenship rights also affected sales positively," he said.

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