Real estate sales to foreigners have a positive impact on commercial life

Real estate sales to foreigners have a positive impact on commercial life

Real estate sales to foreigners have a positive impact on commercial life

Tamer Özyurt, Chairman of the Board of Directors of Özyurtlar Holding, evaluated the real estate houses sales in July, and said that sales to foreign investors had a positive impact on the commercial life.

According to Turkey Statistical Institute (TSI), which published statistics of the sales done last year: the number of houses sold in July, flew down by 17.5% compared to the same month year before, total number of 102.236 units, while foreign nationals sales increased by of 46.7% compared to July 2018.

Tamer Özyurt, the Chairman of the Board of Directors of Özyurtlar Holding,  ccontinued: “Foreign investor sales also have a positive effect on the commercial life“.

The full statement of Tamer Özyurt’s written statements are as follows:

“Foreign investors’ demand in the real estate and construction sector increased compared to the previous month.

According to sales figures announced by Turkstat in July, the percentage increased by 46.7% as sales to foreign investors, the impact made by these sales were quite large .. investors are coming to Turkey, real estate is the most reliable investment tool to convert investments and vacation for investors.

As well as our finished projects, the demands of foreign investors icreased as well.

Read Also: New Real Estate Appraisal System in Turkey

Real Estate for foreigners in Turkey

In Istanbul, the foreign investors invests in high- profile projects inside developing areas of the city.

The high investment value offered by the projects and the central location advantage are included in the evaluation when purchasing houses.

Foreign investors will benifit by new regulations that facilitate them to be citizens of Turkey and to invest in our country.

Investments made in our sector will improve commercial life as a positive influence. The mobility experienced by foreign investors since September creates a big effect in the economy.

According July figures, announced by TurkStat, there is a decline in the the domestic market. On the other hand, there are promising developments in the sector at the beginning of this month. The sale of 14.000 houses in just one week is an indication of this.

Considering the fact that housing prices did not increase despite the increasing costs, we expect a significant activity in the domestic market in the coming period. ”

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