In 2013, Kazakhstan will enter the top five countries whose residents are most actively purchasing real estate in Turkey. According to analysts' forecasts, about 500 apartments will be sold to Kazakhstanis in the current year. "At present, there are all prerequisites for this, the necessary laws have been adopted, and residents of Kazakhstan are interested in real estate in the country," said Alexandra Sokolova, a manager of one of the Turkish developers in Kazakhstan.
Last year, citizens of Kazakhstan purchased 57 properties in Turkey. As is known, since August last year, Kazakhs have been allowed to buy real estate in Turkey everywhere except the Black Sea coast. "Today, citizens of Kazakhstan can purchase property in their own name with the right to a residence permit for all family members of the owner on the first line. To obtain a residence permit, it is necessary to present a title deed (certificate of ownership of real estate), a passport, and an application form to the Turkish embassy," Alexandra Sokolova clarified. Registration of a title deed is carried out exclusively in person on the territory of Turkey.
In general, in 2012, investors from 183 countries purchased 2,578 Turkish real estate properties with a total area of 1,162 thousand square meters. The largest number of properties in Turkey were purchased by citizens of Germany; 561 Germans own 775 Turkish properties with a total area of 789 thousand square meters.
The top three also include English and Russian citizens. Citizens of the Russian Federation own 416 apartments in Turkey, while citizens of the United Kingdom own 365 properties.
Since 2010, housing prices in Turkey have risen by 10%. Currently, the cost per square meter of housing within the first coastal line averages 1500-2000 euros. The tax will range from 50 to 100 euros, depending on the cadastral value of the property. Meanwhile, utility costs for new residents will amount to 380-500 euros per year.
"Turkey is attractive as an investment in real estate. After all, the purchase of an apartment will pay off in 4-7 years. For example, in Bulgaria, the cost of housing within the coastline ranges from 3,000 to 5,000 euros per square meter, and in Turkey, these figures are two times lower», - explained Mrs. Sokolova.
Moreover, experts believe that it is necessary to invest in Turkish real estate right now. After all, in a couple of years, Turkey plans to join the eurozone, then real estate prices will equal European ones.
Author: OLGA VESELOVA
