Home    Expectation Of Foreign Residential Sales Is 8 Billion Dollars!

Feyzullah Yetgin who is chairman of the executive board of Real Estate Property and Real Estate Investment Trust(REIT) said that “Turkey is a great capacity in real estate selling to the foreigner people but did not make use of an opportunity.”

“WE HAVE THE OPPORTUNITY TO MEET ALL VARIETY OF DEMANDS”

Yetgin noticed that Turkey’s geography and cultural infrastructure will supply it, and that it has more than enough. And then he added that “We have the chance to meet all variety of requests in terms of real estate consistent with the quantity-quality in the Mediterranean, Aegean coasts from England, Holland, Germany, Yalova, Trabzon, Black Sea owners from the Gulf region.”

“I HOPE IN THIS YEAR, THERE WILL BE POSITIVE DEVELOPMENTS “

Yetgin said that “If we consider successful countries like Spain, sellings are in the between 100 and 150 billion dollars, now we have the level of $4.6 billion. It is very poor for the countries with all variety of components meaning treasure, history, tourism, and culture like us. We aim to sell the amount between 15 and 20 billion dollars annually. I hope that we will have positive improvements in this year, reaching the amount between 7 and 8 billion dollars.”

“THERE IS AN EXPECTATION OF INCREASE IN FOREIGN SALES”

Aziz Torun who is Chairman of Torunlar REIT and said that “God willing, institutional investors will also show more interest in Turkey. There is a wealth of money in the world, yes, but it needs to run to Turkey that is our expectation.”

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