In August last year, Turkey passed a law abolishing the principle of reciprocity on the purchase of property by foreigners.
Since then, citizens of Kazakhstan have bought 57 units of real estate in the Turkish Republic, according to BNews.kz.
The most active buyers of real estate on the Aegean coast are residents of Almaty, Shymkent and Astana.
Basically, these are businessmen who consider buying real estate in Turkey as an investment or buying housing for their children and parents.
Alexandra Sokolova - managing director of the investment and construction holding company Sinan Invest in Kazakhstan - reported this at a press conference in Almaty.
According to her, the cost of housing in the Mersin region (Turkey) is 85-110 square meters from 55,250 to 93,500 euros, that is, from 600 euros (in buildings under construction) to 850 euros per square meter (in built complexes with furniture and appliances).
At the same time, the area of apartments ranges from 75 to 195 square meters. "Those who wish to earn extra money and rent out apartments can get an income of 80 to 160 euros per day during the season and 600-1,200 euros per month during the off-season," Sokolova said.
In addition, the average cost of apartments in other regions of Turkey on the first coastline ranges from 1.5 to 2 thousand euros, reports Tengrinews.kz.
As noted by the managing director of the construction company, since August 7, 2012, a law has come into force in Turkey that cancels the reciprocity principle for the purchase of real estate by foreigners (individuals). Previously, real estate in Turkey could be purchased solely on a legal entity together with the owner - a citizen of Turkey.
Now, according to this law, for foreign citizens who own real estate in Turkey, the residence permit period has been extended to one year.
"And after eight years of having a residence permit, foreigners can obtain citizenship", - noted Sokolova.
According to Sokolova, investors from 183 countries purchased 2,578 Turkish real estate properties in 2012, with a total area of 1,162 thousand square meters. The majority of the properties in Turkey were acquired by German citizens. 561 Germans own 775 Turkish real estate properties with a total area of 789 thousand square meters. The top three countries also include England and Russia
Citizens of the Russian Federation are allowed to purchase real estate as an individual from 2008. Russian citizens in Turkey own 416, and citizens of the United Kingdom own 365 real estate objects, the total area of real estate owned by Russians and Britons is 118 thousand square meters.
Citizens of Kazakhstan acquired 57 real estate objects in 2012, and Turkey predicts an increase in the share of Kazakhstanis among foreign investors.
As previously reported, Turkish businesses, on the other hand, were going to invest in the construction of pharmaceutical plants in Kazakhstan.
At a business forum in Istanbul, the issue of developing investments in the construction sector and the production of building materials, processing industry, and the construction of a plant for the production of caustic soda in Kazakhstan was discussed.
Last year, Kazakhstan and Turkey adopted a plan of measures to implement the joint economic program 'New synergy', which aims to bring the level of trade and economic relations to 10 billion euros and increase the volume of investments by 500 million euros annually.
