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Foreign investment in real estate has doubled in Turkey

Over the past 3 years in real estate in Turkey by foreign investment doubled, reaching more than 5 billion. Dollars.

If in 2013 the figure stood at 2.621 billion., By the end of 2015 privysila 5 billion. Dollars.

In an interview with the AA correspondent, representatives of the sector said that the main reason for the growth of investments is the adoption of the law of reciprocity, which involves the construction of housing by Turkish contractors in accordance with the wishes of foreign customers. Also, the role played by participation in international exhibitions and the appreciation of foreign currencies against the Turkish lira.

Head of the Board of Directors of the Association of Builders of Istanbul (İNDER) Durbakayym Nazmi said that if in 2004 the volume of foreign investments amounted to 1.343 billion. Dollars, has already reached 5.5 billion. Dollars by the end of 2015. Also, the government estimates growth of foreign investment in real estate in Turkey will grow to $ 6 billion. In the current 2016.

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