It is much more profitable for Kazakhstanis to purchase real estate in Turkey, which is 2-5 times cheaper than in Kazakhstan, Tengrinews.kz correspondent reports. This is what the manager of one of the Turkish construction companies in Kazakhstan, Alexandra Sokolova, .
According to her, the cost of housing in the Mersin region (Turkey) ranges from 55,250 to 93,500 euros for 85-110 square meters, that is, from 600 euros (in complexes under construction) to 850 euros per square meter (in built complexes with furniture and technology).
At the same time, the area of the apartments ranges from 75 to 195 square meters. “Those who want to earn additional income and rent out apartments can receive an income from 80 to 160 euros per day during the season and 600-1200 euros per month in the off-season,” Sokolova . In addition, the average cost of apartments in other areas of Turkey on the first coastline ranges from 1.5 to 2 thousand euros.
As the manager of the construction company noted, on August 7, 2012, a law abolishing the principle of reciprocity for the purchase of real estate by foreigners (individuals) came into force in Turkey.
Previously, real estate in Turkey could be purchased exclusively by a legal entity together with the owner - a Turkish citizen. Now, according to this law, for foreign citizens who have real estate in Turkey, the period of residence permit has been extended to one year. “And after eight years of holding a residence permit, foreigners can obtain citizenship,” Sokolova .
In connection with the entry into force of this law, Kazakhstan entered the list of 129 countries that have the right to purchase Turkish real estate without restrictions. According to analysts, in 2012, investors from 183 countries bought 2,578 real estate properties in Turkey. At the same time, the total area of acquired Turkish real estate was 1,162 thousand square meters.
According to Sokolov , German citizens purchased the most real estate in Turkey; 561 Germans own 775 properties with a total area of about 800 thousand square meters. The top three also included Great Britain and Russia. “Russian citizens bought 416, and British citizens - 365 Turkish real estate properties,” the company manager said. She also noted that in 2012, Kazakhstanis became the owners of 57 real estate properties in Turkey, of which 15 properties were purchased in the Mersin region (Turkey).
According to analysts, Kazakhstan may soon also join the ranks of active foreign investors and enter the top five.
