Sale of Turkish real estates to the foreign, the sector will be more active!
Cathay Group Chairman Mahmoud said in a statement it has made Alper Tuğsuz “Foreign banks, real estate investments if they included mortgage system in Turkey in 2019 through sales of premium grade extent,” he said.
In 2018 the real estate sector in Turkey has managed to attract the interest of foreign investors. In the sector where sales to foreigners increased by 80 percent compared to 2017 compared to TurkStat data; Istanbul ranked 1st with 14 thousand houses, Antalya was the second with 2 thousand 7 hundred houses, Bursa and Ankara took the 3rd place with 2 thousand 133 houses. Cathay Group Chairman Mahmut Alper Tuğsuz stated that the increasing foreign interest will increase with the help of the bank especially with the increase of the exchange rate.
Middle Eastern countries Tuğsuz said it was gratifying continuation of the interest in Turkey, in Iraq, led by investment list, Iran, Saudi Arabia and that provides substantial value mobility in the real estate sector in the interest of the Russian Federation specified the the. Tugsuz stated that the interest of the expatriate citizens has a big share in the increase of the number of foreign investors. The realization of these investments without benefiting from the long-term and low-interest credit advantages applied abroad is a summary of the love of our expatriates. Both public as well as private banks and our evaluation of the government’s initiatives in foreign banks and the real estate mortgage system in Turkey in case the inclusion of our expatriate citizens 500-600 thousand houses I anticipate that it will take more, “he said.
Our expatriate citizens evaluate investments in Turkey
The nature of inclusion in mortgage acceleration that took place between dorm with getting to the bottom of the 1 per cent of the interest in Turkey say they expect further acceleration above Tuğsuz words he continued that: “Expatriates our have savings and deposits that they perform to get the guarantee bottom of their future. In our country we need to ensure our expats to assess this knowledge in Turkey. In this context, give credit to housing sales in Turkey of European banks is critical. The low credit interest rates and the length of the maturities in Europe is a big advantage for us. In the current system, banks in Europe do not accept real estate as security in our country. 15 – 20 years ago they accept the collateral they refuse today. Therefore, our expats can do in a similar manner but need short-term loans and purchase of real estate in Turkey with high-interest loans to meet cash needs. I expect an average of 6 million citizens living in Europe in this direction. If we can include in our country system by 2019 Turkey will be the year for the real estate sector premium grade ”