Real Estate

Housing sales revenue to foreigners will reach $20 billion in 2025

In real estate, which is one of the reliable investment tools, Turkey is in the first place in the sale of housing to foreigners, and after the pandemic, is followed closely by foreigners. Super Group Chairman of the Board Dr. Ali Gokciler said that this figure will rise to $20 billion in 2025.

Turkey, one of the world leaders in housing sales to foreigners before the pandemic, is followed closely by foreigners in the summer season as well. According to TUIK data, 45,483 real estate sales were made in 2019, 40,812 in 2020, and 20,488 real estate sales in the first half of 2021. Stating that the sale of foreign real estate provides a return of $6 billion, which benefits Turkey’s current account deficit, Super Group Chairman of the Board Ali Gokciler said, “In 2025, the revenue to be obtained from the sale of foreign real estate in Turkey is expected to reach $20 billion. In order to reach this number, we need to increase the number of countries we are in contact with. It is very important to make some trade agreements with these countries at the level of governments. We currently have cooperation with countries such as South Africa, China and India, but the size of the cooperation is quite small. We should not see collaborations here as just selling houses to them. It is necessary to attract housing developers from various countries of the world to Turkey, because people from other countries who see their own brands may be more willing to shop from those brands. Here, both the government and housing developers have a job.”

WE SELL HOUSINGS ONLINE

Mentioning that the real estate sector is an important and safe investment tool, Gokciler also mentioned that the negative impact of the pandemic on real estate sales is kept to a minimum by making sales online: “The real estate sector is the safest investment tool in the world in our opinion. It provides a very large foreign currency inflow for our country and is very important in terms of closing the current account deficit. In terms of Turkey being a world state, we attach importance to real estate investors coming to Turkey in every sense, from land to residential and commercial areas.” Saying that online sales facilitate both the foreign exchange return to the country and the pandemic opportunities, Gokciler said, “As Turks, we are very good at marketing. There are good marketers in the real estate sector as well. We are now selling the house online, just like a beverage or food you order to your home through an application.”

RUSSIAN INTEREST IN THE AEGEAN IS INCREASING

In the January-June 2021 period, 10 thousand 108 houses were sold to foreigners in Istanbul. Antalya was followed by Antalya with 3 thousand 990, Ankara with 1276, Mersin with 951 and Yalova with 584. During this period, Iranian citizens bought the most residences with 3 thousand 70 units. The Iranians were followed by the citizens of Iraq with 3 thousand 19 residences, Russia with 1759, Afghanistan with 1277 and Germany with 726. Gokciler said, “Istanbul, Ankara and Izmir are the cities that paid the most in housing in the world last year.”

Source: Sabah / Translated by Irem Yildiz

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