4/11/2012

Roadshows planned to promote Turkish property market

Milliyet - As Turkey prepares to adopt a new resolution that eases the restrictions on property purchases by foreign nationals, representatives of the country’s booming real estate sector are gearing up for roadshows abroad to better present the investment opportunities in the Turkish real estate market.

“We are planning to promote Turkey’s real estate sector and investment opportunities to foreign buyers by organizing roadshow activities in countries like Malaysia, Singapore and Qatar,” the Association of Real Estate Investment Companies (GYODER) President Isik Gokkaya said.

“These activities will be coordinated with the Istanbul Stock Exchange (ISE), the Investment Support and Promotion Agency of Turkey (ISPAT) and the Capital Markets Board (SPK), and will serve to promote both Turkey and the real estate sector in order to draw more foreign investors to the country.

Property sales to foreigners hover at around USD 2.5 billion per annum, according to GYODER figures. The Turkish parliament is debating a draft law that will make obtaining property easier with the lifting of the reciprocity principle, a move widely expected to boost the sector by attracting realty buyers from the Gulf countries and Russia.
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