April 16, 2013 , Almaty - Recently, Kazakhstan may be included in the list of leading countries purchasing real estate in Turkey. Since the law abolishing the principle of mutual understanding on the purchase of real estate by foreigners was adopted (August 2012), Kazakh citizens have purchased 57 real estate objects in the Republic of Turkey. This was announced today at a special press conference at the Kazakhstan Press Club by a representative of the construction company Sinan Insaat.
The following individuals attended the press conference:
Alexandra Sokolova - Managing Director of Sinan Insaat company in Kazakhstan (structural subdivision of Sinan Invest investment and construction holding company);
Since August 2012, a law has been enacted in Turkey that abolishes the principle of mutual understanding regarding 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 any restrictions.
"Currently, citizens of Kazakhstan can purchase real estate in their own name, with the family members of the first property owner obtaining a residence permit. To obtain a residence permit, it is necessary to submit a certificate confirming ownership of the real estate, a passport, and a questionnaire to the Turkish Embassy. The certificate confirming ownership of the real estate is issued only when the owner personally visits Turkey. During the registration process, a tax identification number is issued in the name of the owner, and a bank account is opened. The registration of documents is carried out in the cadastral chamber. Currently, legislative changes are being introduced to simplify the situation for real estate owners," noted Alexandra Sokolova, Managing Director of Sinan Insaat in Kazakhstan.
According to Sokolova Hanım, investors from 183 countries purchased 2,578 Turkish real estate objects with a total area of 1,162 thousand square meters in 2012. German citizens bought the most real estate in Turkey. 561 German citizens own 775 Turkish real estate objects with a total area of 789 thousand square meters. The top three include English and Turks. Since 2008, it has been allowed for citizens of the Russian Federation to purchase real estate in their own name. Russian citizens own 416, and British citizens own 365 real estate objects in Turkey; the total area of real estate owned by Russians and English is 118 thousand square meters. Kazakh citizens purchased 57 real estate objects in 2012, and it is expected that the share of Kazakhstani investors in Turkey will increase.
&#xlaquo;15 out of 57 real estate properties were purchased in the Mersin region. This is a new region for Kazakh citizens to reside and invest in. Our company, Sinan Insaat, is the largest builder in the Mersin region. The company is engaged in the construction of apartments with sandy beaches on the first beach line of the Mediterranean Sea», - noted the head of Sinan Insaat company in Kazakhstan.
Residential complexes have all the necessary infrastructure for recreation and permanent residence, such as aquaparks, pools, hamams, saunas, sports and children's playgrounds, parking, shops, restaurants, fashion salons, and pharmacies. The territory of the complexes is fenced and guarded. All complexes are integrated into a unified club system, allowing free use of the entire infrastructure. The club system includes 12 complexes built along the beach line, with a total length of 7 kilometers. 7 complexes are currently under construction at various stages.
The cost of apartments in the complex under construction starts from 600 euros per square meter and reaches up to 850 euros per square meter for a fully furnished complex. There is no additional charge depending on the floor. The area of the apartments ranges from 75 square meters to 195 square meters. Utility payments range from 380 euros to 500 euros per year.
When the owner is not at home, the apartment is under the supervision of the management company, and the company also takes financial responsibility for renting out the apartments and the real estate and property of the owner. The owner's income from renting out ranges from 80 euros to 160 euros per day during the season and 600-1200 euros per month during the off-season.
Sinan Inshaat organizes free presentation trips monthly for those intending to make a purchase. During the trip, the complexes, their infrastructure, and the attractions and infrastructure of the region are showcased.
About the Company
Sinan Insaat (Sinan Inshaat), a Turkish construction company, which is part of the Sinan Invest construction-investment holding, was founded in 1980 in the city of Kayseri, Turkey. The owners of the company are the Yukselgungor family. The President of the company is Adem Yukselgyungor.
Currently, more than 3,000 employees work as part of Sinan Insaat company in Turkey, Germany, Belgium, Russia, Holland, and other countries. Since the law allowing Kazakh citizens to purchase real estate in their own name came into force, an office was opened in Almaty, Kazakhstan (Republic Square, 13,525A office). Sinan Insaat cooperates with hundreds of companies around the world in various areas of activity.
The holding company consists of 12 subsidiaries: two construction companies Asmay Insaat and Sinanoglu Insaat of Sinan Insaat company, a cement plant, Lugano Mobile furniture factory, transportation companies such as Syhman Insaat, Globus, Kargi Insaat, Nys Insaat, Senar, Sezai Serin.
The Sinan Insaat investment construction holding has carried out many major projects related to the construction of residential and commercial complexes in Turkey to date. Currently, construction is underway in the cities of Kayseri, Ankara, Istanbul and Mersin. At present, the company owns the largest land area in the first line of the beach, intended for the construction of residential complexes and hotels in the Mersin region. Sinan Insaat is the largest construction company in the region. There are 12 completed residential complexes with 500-1000 apartments, and 8 complexes are currently under construction at various stages of construction.
Sinan Insaat offers high-quality and reliable services in the construction industry that meet global standards. Thanks to its own financial resources (no borrowed funds), equipment, and workforce (working without subcontractors), the holding company offers the most competitive residential complex with its own beach in Turkey. Sinan Insaat organizes free monthly tours to Turkey for the purpose of viewing and purchasing real estate.
The website of Sinan Insaat's office in Kazakhstan is sinan-insaat.kz
Sinan Insaat will participate in the KIT 2013 exhibition to be held in Almaty from April 23 to April 26, 2013.
