Turkey expects to receive $ 5 billion from the sale of real estate to foreigners

Turkish authorities expect that the income from the sale of real estate to foreigners in 2013 will be about $ 5 billion, reported the online source HuryietDailyNews with reference to Erdogan Bayraktar, Minister of Environment and Urban Planning of the country.

The Turkish government aims to attract wealthy foreign investors in the property market, and notes that this requires new rules to simplify the bureaucratic procedures. Many believe that the involvement of foreign buyers with incomes above the average positive impact on the economic situation of Turkey.

According to the source, the adoption of the law in May 2012, which removed a number of restrictions on the acquisition of real estate by foreigners, in May of this year, Turkey's possible to get $ 1.1 billion from the sale of real estate to foreign buyers, which is several times higher than the figure for the entire 2011

 

Property Type

Location

Rooms

Price Min. (€)

Price Max. (€)

Property ID