New Statistics of Housing Sales Revealed! | April&May 2022
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.
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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.
A REIT is a capital market institution that can invest in real estate and capital market instruments based on real estate, real estate projects, real estate-based rights and capital market instruments, establish ordinary partnerships to realize certain projects, and other activities permitted in the relevant Communiqué of the Capital Markets Board.
Property in Turkey is good for investment in every aspect! Property investment is the term for buying a house to earn money as an investment tool.
Istanbul Financial Center project, which will be located within the borders of Istanbul’s Umraniye district and extending to Atasehir, will compete with the most important centers in the world. The financial heart of Asia and Europe will beat in Turkey thanks to this center.
Foreign investment in Turkey to property is the most advantageous way to achieve high earnings taking into consideration the economic conditions in 2020. To provide a controlled financial future and to discover new areas, it is vital to analyze the trade and investment reports of Turkey well. Considering the growth performance recorded in Turkey, a global effect of trade wars in 2019 has been severely felt. It should be noted that the global crisis has changed direction with the pandemic crisis in 2020.
Turkish economy is growing continuously with the young and educated population. It is nominated to be among the top 10 economic growth and sectoral developments by making large investments in R&D.
It will be important to know the purpose, basic description and scope of Turkish Customs Regulations primarily. A set of rules will be valid for all goods and items which enter into or exit from the Customs Area of the Republic of Turkey in accordance with the Turkish Customs Regulations. gn trade and economic relations of Turkey has become a strong systematics. It promotes trade and integrates it into a certain order depending on strong relationships, and it adds depth to economic relations for countries that provide mutual trade.
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