Last August, Turkey passed a law abolishing the principle of reciprocity for the purchase of real estate by foreigners. Since then, citizens of Kazakhstan have purchased 57 units of real estate in the Republic of Turkey, BNews.kz correspondent reports.
The most active buyers of real estate on the Aegean coast are residents of Almaty, Shymkent and Astana. These are mainly businessmen who consider buying real estate in Turkey as an investment or buying housing for their children and parents.
Alexandra Sokolova, manager of the investment construction holding Sinan Invest in Kazakhstan, announced this at a press conference in Almaty.
According to Sokolova, investors from 183 countries purchased 2,578 Turkish real estate properties in 2012, with a total area of 1,162 thousand sq.m.
Most of the real estate in Turkey was purchased by German citizens. 561 Germans own 775 Turkish real estate properties with a total area of 789 thousand sq.m. The top three also include the British and Russians. Citizens of the Russian Federation have been allowed to purchase real estate for an individual since 2008. Russian citizens in Turkey own 416, and British citizens 365 real estate properties, the total area of real estate owned by Russians and British is 118 thousand sq.m. Citizens of Kazakhstan purchased 57 real estate properties in 2012, and Turkey predicts an increase in the share of Kazakhstanis among foreign investors. As previously reported, Turkish business, on the contrary, intended to invest in the construction of pharmaceutical plants in Kazakhstan.
At the business forum in Istanbul, the issue of developing investments in the field of construction and production of building materials, the processing industry, and the construction of a plant for the production of caustic soda in Kazakhstan was considered. And last year, Kazakhstan and Turkey adopted an action plan for the implementation of the joint economic program “New Synergy”, which involves increasing the level of trade and economic relations to 10 billion euros and increasing the volume of investments by 500 million euros annually.
Author: ALIMA BOLATBEK
