"Cursive" (Kazakhstan). At the end of 2013, Kazakhstan will be one of the five countries whose citizens buy real estate in Turkey. It is predicted that the number of transactions for the purchase of real estate by Kazakhstanis in Turkey will increase almost 9 times. Alexandra Sokolova, manager of the Turkish construction company Sinan Insaat in the Republic of Kazakhstan, spoke about this.
This year, Sinan Invest experts expect an increase in transactions for the purchase of real estate in Turkey by citizens of the Republic of Kazakhstan to 500 objects. Since August 2012, Kazakhstanis have purchased 57 real estate properties.
In August 2012, a law came into force in Turkey abolishing the principle of reciprocity for the purchase of real estate by foreigners. Kazakhstan is included in the list of 129 countries that have the right to purchase Turkish real estate without restrictions.
“Today, citizens of Kazakhstan can purchase real estate for an individual and obtain a residence permit for all family members. The law that prohibited the purchase of real estate by citizens of the Republic of Kazakhstan in Turkey as an individual has been repealed. Before this, it was possible to purchase exclusively through a legal entity together with the owner, a Turkish citizen,” says the expert.
The owner's income from rental ranges from 80 to 160 euros per day during the season and 600-1200 euros per month in the off-season.
