ISTANBUL, March 15, 2019 /PRNewswire/ -- In January 2019, property sales in Turkey to the citizens of Middle East and North Africa (MENA) countries increased
by 100% compared to the previous year. But, Palestinians, as they
do not hold passports, used to experience difficulties purchasing
real estate in Turkey, which is
one of the top 3 countries in property sales to foreigners. With
the new regulation brought into effect as of March, Palestinians
can now buy property and get a title deed in Turkey with their travel documents.
Noting that they identified the obstacle for Palestinians to buy
real estate and that they took an initiative to have that obstacle
removed, Bayram Tekce, the Chairman
of Antalya Homes, said: "We took an initiative and submitted our
professional opinion to the authorities. The resulting regulation
abolished the requirement for Palestinians to hold a passport,
which prevented them from buying real estate property. Palestinians
can now buy real estate in Turkey
with their travel documents." Reminding that foreigners who buy
properties in Turkey may be
eligible for a residency permit and Turkish citizenship, Tekce
said: "Foreigners, who buy a real estate in Turkey with minimum value of 250,000 US Dollars, may be granted for
citizenship. This opportunity triggered an 82% increase in the
number of foreigners buying real estate in Turkey in January
2019 over the previous year. Our projections indicate that
this increase will continue throughout the year with the new
regulations being brought into effect on real estate
purchases."
"The Turkish real estate market is an opportunity for the
foreign investors."
Underlining the advantages of buying a
property in Turkey, which is in
high demand by foreigners, Bayram
Tekce said: "We see that real estate investments in
Turkey preserve their value for
many years. This is why Turkey
offers foreign investors quite a lucrative opportunity."
The Middle Eastern countries' interest in Turkey is still going strong in
2019.
In January 2019, the
number of people from the countries in the MENA Region buying real
estate properties in Turkey
increased by 100% to 1,857. In January
2019, the number of Iraqis buying real estate properties in
Turkey increased by 122%, while
the increase in the same context was 94% for Yemenis, 82% for
Qataris, 79% for Jordanians, 33% for Egyptians and 20% for
Kuwaitis.
If you would like to be informed about the real estate sale with
travel documents, kindly visit the website of Antalya Homes.
(https://mma.prnewswire.com/media/835872/Antalya_Homes.jpg)
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