In the near future, Kazakhstan may be included in the list of countries - leaders in the purchase of real estate in Turkey, said Alexandra Sokolova, a representative of a large Turkish investment and construction holding, at a press conference in Almaty on Tuesday, April 16.
Since August 2012, a law has been in force in Turkey that abolishes the principle of reciprocity for foreigners buying real estate. Kazakhstan has joined the list of 129 countries that have the right to buy Turkish real estate without restrictions, said Alexandra Sokolova, noting that since the law came into force, Kazakhstanis have already purchased 57 properties.
According to the company, Kazakhstanis most often buy housing in Istanbul, Ankara, in resort areas. As Alexandra Sokolova noted, the economic crisis had virtually no impact on the prices of Turkish real estate, since it is built with own funds, on purchased land, without subcontracting organizations. "Even when the complex is not yet built, state insurance companies insure all real estate, and people receive a certificate of ownership," explained the representative of the construction company.
According to her, real estate prices in Turkey have risen by 10-20% since 2010 and continue to grow 'by 50 euros [per 1 sq. m] every 3-5 months'. In Istanbul, real estate prices vary greatly depending on the district and proximity to the sea coast. You can find a standard apartment with an approximate area of 80 sq. m for 30-50 thousand euros in remote areas (more than 5 km from the sea). In beach areas, prices range from 80 to 120 thousand euros for a two-bedroom apartment. The average price per square meter on the average coastline is 1.5-2 thousand euros, depending on the finish. At the construction stage, you can buy real estate from 600 euros per 'square', in built complexes with built-in furniture and equipment - from 850 euros.
- Many investors buy several apartments and rent them out. The cost of rent in complexes ranges from 80 to 160 euros per day during the beach season, which lasts 9 months, and 600-1200 euros per month - in the off-season. The apartment pays off in 4-7 years, - said Alexandra Sokolova.
The right to own real estate in Turkey is protected by law and is indisputable, as in European countries. Along with the housing, a plot of land under the house is also acquired.
- What's important, Turkey is not among the countries with double taxation. In this country, property taxes are minimal - 0.027% of the cadastral value, which is about 50-70% of the commercial value: that's approximately 50-100 euros per year. Utility payments range from 380 to 500 euros per year, which includes the use of the entire infrastructure of the complexes: beaches, pools, saunas, etc., - noted the company representative.
At the same time, property owners do not pay for airport transfers and water, which is free in Turkey. In their absence, the management company looks after the property and is responsible for the safety of the property.
Since April 4 of this year, a law on foreigners and international protection has come into force in Turkey, which facilitates obtaining a residence permit for property owners, including Kazakhstanis. Now, to do this, it is enough to present only a certificate of ownership of real estate, a passport and fill out a questionnaire. A residence permit and the right to work are also granted to all family members. After 8 years of having a residence permit, Turkish citizenship is granted.
Author: Larisa Chernenko
