ISTANBUL, March 15, 2019,/PRNewswire/ — In January 2019, belongings sales in Turkey to the citizens of the Middle East and North Africa (MENA) nations improved with the aid of 100% in comparison to the previous 12 months. But, Palestinians, as they do no longer keep passports, used to revel in problems buying real property in Turkey, which is one of the top 3 nations in belongings sales to foreigners. With the new regulation introduced into impact as of March, Palestinians can now buy assets and get a title deed in Turkey with their journey documents.
Noting that they identified the obstacle for Palestinians to buy the actual estate and that they took the initiative to have that impediment eliminated, Bayram Tekce, the Chairman of Antalya Homes, stated: “We took the initiative and submitted our professional opinion to the authorities. The resulting law abolished the requirement for Palestinians to preserve a passport, which prevented them from shopping for real property belongings. Palestinians can now purchase real estate in Turkey with their tour files.” Reminding that foreigners who purchase residences in Turkey may be eligible for a residency allow and Turkish citizenship, Tekce said: “Foreigners, who buy an actual estate in Turkey with a minimal value of 250,000 US Dollars, may be granted for citizenship. This possibility brought about an eighty-two % growth within the number of foreigners shopping for real estate in Turkey in January 2019 over the previous year. Our projections suggest that this boom will preserve all through the yr with the new rules being added into the impact on actual property purchases.”
“The Turkish real property market is an opportunity for the foreign investors.” Underlining the advantages of purchasing assets in Turkey, which is in high demand by foreigners, Bayram Tekce stated: “We see that real property investments in Turkey hold their price for many years. This is why Turkey gives foreign buyers pretty a lucrative opportunity.” The Middle Eastern international locations’ interest in Turkey is still going strong in 2019. In January 2019, the number of people from international places inside the MENA Region shopping for real property homes in Turkey expanded by using 100% to one,857. In January 2019, the range of Iraqis buying real estate properties in Turkey multiplied with the aid of 122%, at the same time as the growth in the equal context turned into 94% for Yemenis, 82% for Qataris, seventy nine% for Jordanians, 33% for Egyptians and 20% for Kuwaitis.