The new housing sales statistics are revealed officially by the Turkish Statistical Institute. According to the previous months, there are increases in the amounts and statistics.
According to the previous news announced in April, the property value for Turkish citizenship was to increase up to $400.000. Since it wasn’t in the official journal the topic wasn’t clear. Now, today’s news reveal that it is officially approved and is on the official journal with President Recep Tayyip Erdogan’s signature. The amount was $250.000 but in relation to the rising property values, the Presidential Committee and President Recep Tayyip Erdogan had discussions on increasing it. The decision is finally out and the official journal announced it as $400.000. The regulations will start next month.
The property sales and their demands in relation to the citizenship application have changed. According to the news, for Turkish citizenship, the property value that is taken will raise from $250.000 to $400.000. The condition of not selling the property for 3 years also remains. The changes are in relation with the rising value of properties.
It is now officially announced that Amazon is planning on a new investment in Turkey. Besides, the company’s plan is to open it’s first fulfillment center in Istanbul, in autumn 2022. It will be a logistics base and will provide job opportunities to a good number of people.