Expectation of Reciprocity Law Change For Foreigners

For more cash flow into Turkish Economy from housing sales to the foreigners regardless of the basis of reciprocity arrangement for residential and commercial ownership in real estate sector in Turkey has created hope for property developers. From Gulf and Arab countries, the minimum expectation is being sold over 10 thousand properties in Turkey.

Environment and Planning Minister Erdogan Bayraktar said earlier days, "we will open the way for the sale of real estate to foreigners, regardless of the principle of reciprocity". This positive manner of Minister of Turkey's appreciated by the most luxurious project developers with 'Turning point in History', 'Good News', 'Date of Decision' assessments.  The half potential of expected number of properties sold is to be in Istanbul to the Gulf countries, Arab world , Russia, the Turkish republics, Iran and Azerbaijan.

A lot of attention to Istanbul

The booming after the removal of reciprocity is mostly expected by real estate authorities to take place in Istanbul. In particular, Arabs, Russians, Azeris, Kazakhs attached to the barrage of reciprocity , are showing interest  to Istanbul's central locations overlooking the sea for lifestyle and the outskirts targeted more profit in investment.
In addition, foreigners, is very popular in coastal regions.