The housing sector, which has been struggling to sell in the domestic market due to rising interest rates for a long time, managed to survive with the sale of housing to foreigners. Demand in the domestic market began to revive with falling interest rates, while housing sales to foreigners continue to rise.
The interest in Gulf countries to Turkey continued to increase with each passing day it was announced that also experienced major growth in demand from Chinese investors. One official declared the Chinese citizenship company by the end of 2020 to purchase 500 million USD aims. Turkey is also negotiating for other sales. The Chinese investors interested in Portugal, Greece and Europe, but longer route have turned to Turkey. He also told a Chinese investment group that they had sold 90 blocks of flats over the completed housing project in Istanbul.
It’s expected to grow the interest of Chinese investors to the concept of Turkish citizenship by investment. And it’s also predicted to increase the sales of housing to the Chinese people in near future from different districts of Turkey.
Chief editor of Invest Guide Turkey. Graduated from the Business Administration programme on 2014 and works as a journalist in the field of Foreign Investments in Turkey for 5 years.