Sectoral Articles

2020 expectation in housing sales to foreigners is 7 billion dollars

Real Estate Overseas Promotion Association Board Member Erguven, said, "We see that the profile of foreign housing customers who are buyers in the market is above the previous years".

Property Abroad Promotion Association (GİGDER) Board Member Fatih Erguven said that they notice a rise in housing sales to ​​foreigners in Turkey at the pandemic period and therefore, he said that although there is a decrease in terms of units, the income will increase from $ 6.7 billion to $ 7 billion.

At the same time Inhouse Global Chairman Erguven said in a statement to reporters AA that since 2010, they have made real estate sales to foreigners and have brought foreign investors to Turkey with their promotional activities and organizations abroad.

After the launch of the Law of reciprocity in Turkey's real estate sales to foreigners, Erguven stated that the housing sales started to rise in 2013, despite all the difficulties, important thresholds were exceeded and serious numbers were reached.

Despite the pandemic this year, Erguven announced that Turkey is going well in foreign sales and housing sales in January-September loss of only 18 exceeded, 26 thousand units .

Stating that the October figures have not yet been announced, Erguven said, "However, the data we receive from the sector are very good. We think about 6 thousand. At the end of the year, we will easily pass 35 thousand and find 40 thousand." he spoke.

Erguven, with an emphasis on real estate in Turkey have very high potential, using more active real estate investment funds, performing more effective promotion and concentrating on that area he said to be reached very high figures.

"The customer profile has risen, the pandemic has increased the interest in the Southern and Aegean provinces".

Fatih Erguven stated that the profile of foreign real estate buyers has increased this year and continued his words as follows:

“This year, Europeans are buying more housing from Istanbul than ever before. If we talk about the reasons for this, the first is the exchange rate advantage. Second, people want to spend pandemic in Turkey. Because you are in a better and more airy country. An important issue is the health system. While the health system in Europe was clogged during the pandemic process, such a thing did not happen in our country. This is really important."

Erguven, noting that this year the Swedes and the Germans increased interest in Turkey and apart from Iran, Pakistan, India and China  have demand to the Turkish real estate market.

Reminding that foreigners buy the most houses from Istanbul, sales from Mediterranean and Aegean provinces such as “Antalya, Muğla and Aydın have started to increase again. We did not expect the interest in Bodrum, Kuşadası and Didim to increase so quickly. To get Europeans back Turkey to the radar important " he said.

Erguven stating that they see an increase in interest from Africa and South America, although it is not yet at the desired level. "No matter who the foreigners coming to Turkey, they are coming here for the love of our country. Prices are reasonable, and living standards are high." he said.

"Our 2023 expectation is 20 billion dollars"

GİGDER Board Member Erguven said that although the number of sales will decrease with the increase in the profile of foreigners who buy housing, there will be no loss in revenue, and said that they expect the revenue of 6.7 billion dollars last year to reach 7 billion dollars.

"We expect the average real estate sales value to be around 170-180 thousand dollars, especially with the increase in sales from regions such as Antalya and Bodrum and the arrival of high-potential buyers." used the expression. Emphasizing that 20 billion dollars can be reached easily by providing variety in the buyer profile and the products sold, Erguven drew attention to the importance of real estate investment funds. Erguven explained that their target is 20 billion dollars in 2023 and that they will work day and night to reach this number when the pandemic ends.

Erguven said that they brokered more than 500 housing sales annually and the currency came to Turkey through the sale of the houses around 500 million dollars in 8 years

Source: Anadolu Agency

Things to Consider While Buying Real Estate

Key points to be considered during real estate purchase and sale: Real estate and real estate agent selection, Real estate physical status, Land registry status.
The title deed registration of the house to be purchased must be checked in advance ...
Notice whether the floor easement has been established, whether the occupancy permit is obtained. If the property you are purchasing is under construction, check the financial status of the contractor.

If you are purchasing a property from a construction that the contractor makes for a floor, you must add the necessary compensations by contracting with the contractor, writing the completion date and materials to be used one by one.

If the property you are buying is a tenant, you must first review the lease contract with the tenant and personally meet the tenant, or if the tenant has made an eviction commitment, compare the date with the eviction commitment.

To get rid of debts such as electricity and water that may come after sales, get a signed document from the former owner that he is responsible for these debts.

You must declare the value of the property you will receive during the land registry process by calculating it according to the re-evaluation rates. Because if your statement is incomplete, the paid trade fees will be returned to you with penalties.

WHEN BUYING THE LAND:

The suitability of the land in question is the most important point you should pay attention to. The seller must show you the official zoning status document or give a photocopy, not a verbal declaration.

By controlling the deed; you should check whether the plot whose island, map, plot is specified corresponds to the plot shown to you.

You should go to the land registry office to which the land is affiliated, look at the land registry and check whether there is an annotation against the sale of the land.

If the plot you are purchasing is the plot, it is not possible to determine the share purchased on the plot of the shareholder. If it is parceled, it can be considered to determine to whom it is sold by being certified by the notary public on the sketch.

Considering the investment while buying the land, there will be great benefits in consulting the expert. Otherwise, your money may be wasted.

It should be checked whether there is a roughness by checking the records of the purchased real estate in the land registry and the municipality.

Attention should also be paid to tax debts.


INFRASTRUCTURE SERVICES

Infrastructure services can be listed as channel, water, telephone, electricity, natural gas and road.

channel:
A waste water project is prepared by the parcel person and approved by the General Directorate of OLD. According to the approved project, when the building wastewater connection will be made, the process is concluded by obtaining excavation permission from the Municipality Science Directorate.

Directions:
The cadastral road is built by the municipality, and the zoning road is built by the owners of parcels facing the road. It is controlled by the Municipality Directorate of Science. The application of the mentioned roads to the land is done according to the road condition prepared by the Municipality Map Directorate.

The roads to be built by the parcel owners are the roads subject to the 23rd article of the Zoning Law No. 3194. However, for the roads that have to be done by the municipality, the participation share is taken from the owners of the parcel with the front. Half of the affiliate share is received from the parcels on one side of the road and the other half from the parcels on the other side. If the road to be covered is within the scope of the Law, full price is charged for each parcel, that is, two layers of application will be made.

That :
Construction owners are obliged to make a water contract with the General Directorate of OLD. If the construction is ongoing, the OLD Network Chief will temporarily connect the building to the building. It is subscribed when the construction is finished.

Electricity:
Building owners make mutual contracts with TEK according to approved electrical contracts. After the contract, the necessary connection applications are made under the supervision of TEK, after obtaining excavation permission from the Municipality Directorate of Science.

Telephone :
The relevant institution, Telecom, operates according to its technical conditions. If infrastructure facilities are to be excavated, a license must be obtained from the municipality.

Natural gas :
The relevant institution, ESGAZ, operates according to its technical conditions.


APARTMENT EXPENSES

As long as you own the flat, you have to participate in expenses whether you live or not (tenant if you have tenant). When the payments are not made, the executive can track enforcement against you and put a lien on your assets. Besides, the manager may request interest from you. You will not have much to defend against the actions of the manager, and as a result, you will have to pay your debt with interest, enforcement costs and attorney fees. For these reasons, it is beneficial to pay your share of common expenses.

 

 

Ways to Understand Investment to Make the Right Investment

Today, in order to be declared economic freedom individually; good profits, good accumulation and good investment are required. From an individual point of view, a budget plan should be determined in order to avoid some financial difficulties in everyday life and the economic movements of the individual should be regulated accordingly.

When determining the budget plan, the closest resource the individual needs will always be investment. Because investment; In the short or long term, depending on the size of the investment, it allows to have a small or large leap chance in the individual economy. Accordingly, when making budget plans, possible investment options should be considered and evaluated.

Real estate for the right investment

According to the thoughts of the individuals; economically, it is always the best investment property category. Because market movements in the real estate category are based on more social and public reasons compared to foreign exchange and stock market movements. For example a house; Shopping malls nearby, walking distance to public transportation may increase the price. In addition, even a playground opened in the vicinity may cause an increase in the housing price. The main economic reasons are; day-to-day movements and index of the stock exchange, increase of taxes paid, changes made by banks in interest rates. For this reason, before stepping into an investment in real estate, it is necessary to investigate the potential of the said investment source to make a profit for the future and evaluate the investment option accordingly.

The right investment is important

When it comes to the issue as a whole; In order for an investment to be considered as an economically correct decision or a good profit, a maturity discussion should be made. The reason for this is that it determines the maturity period in itself according to the type of all investments. When the subject is evaluated as real estate investments again; it is unlikely that a house or a plot will be valued in one day, one week, and the price will increase. On the other hand, the maturity of the foreign currency, another investment option, is mostly determined by the individual, not himself. Since the movements throughout the day are small in scale, in foreign currency that can only evaluate the investments in the long term; The determining factor of the maturity is the size of the investment. Even an increase of 0.20 in foreign currency can make a noticeable difference in large amounts of investments, while it may cause loss of time in small levels of investments.

In essence, investment must be made

Investment; It can be said that it is an investment that does not harm the individual if it does not waste time for the individual, does not cause a decrease in principal and does not prepare the ground for missing opportunities. If the individual has the idea of ​​increasing his / her profit margin, in short, a visible addition on his / her principal, he / she should make his / her accumulation on the right investments that will not cause any loss of time. For this reason, the individual should research the investment opportunities on a daily basis and concentrate on the option that comes closest to him. While conducting the research, the individual should remain as loyal to his budget planning as possible and not go out of his own lifeline. In order to qualify the individual's investment as "the best", he / she should make his / her order in the center of this business.

 

2020 expectation in housing sales to foreigners is 7 billion dollars

Real Estate Overseas Promotion Association Board Member Erguven, said, "We see that the profile of foreign housing customers who are buyers in the market is above the previous years".

Property Abroad Promotion Association (GİGDER) Board Member Fatih Erguven said that they notice a rise in housing sales to ​​foreigners in Turkey at the pandemic period and therefore, he said that although there is a decrease in terms of units, the income will increase from $ 6.7 billion to $ 7 billion.

At the same time Inhouse Global Chairman Erguven said in a statement to reporters AA that since 2010, they have made real estate sales to foreigners and have brought foreign investors to Turkey with their promotional activities and organizations abroad.

After the launch of the Law of reciprocity in Turkey's real estate sales to foreigners, Erguven stated that the housing sales started to rise in 2013, despite all the difficulties, important thresholds were exceeded and serious numbers were reached.

Despite the pandemic this year, Erguven announced that Turkey is going well in foreign sales and housing sales in January-September loss of only 18 exceeded, 26 thousand units .

Stating that the October figures have not yet been announced, Erguven said, "However, the data we receive from the sector are very good. We think about 6 thousand. At the end of the year, we will easily pass 35 thousand and find 40 thousand." he spoke.

Erguven, with an emphasis on real estate in Turkey have very high potential, using more active real estate investment funds, performing more effective promotion and concentrating on that area he said to be reached very high figures.

"The customer profile has risen, the pandemic has increased the interest in the Southern and Aegean provinces".

Fatih Erguven stated that the profile of foreign real estate buyers has increased this year and continued his words as follows:

“This year, Europeans are buying more housing from Istanbul than ever before. If we talk about the reasons for this, the first is the exchange rate advantage. Second, people want to spend pandemic in Turkey. Because you are in a better and more airy country. An important issue is the health system. While the health system in Europe was clogged during the pandemic process, such a thing did not happen in our country. This is really important."

Erguven, noting that this year the Swedes and the Germans increased interest in Turkey and apart from Iran, Pakistan, India and China  have demand to the Turkish real estate market.

Reminding that foreigners buy the most houses from Istanbul, sales from Mediterranean and Aegean provinces such as “Antalya, Muğla and Aydın have started to increase again. We did not expect the interest in Bodrum, Kuşadası and Didim to increase so quickly. To get Europeans back Turkey to the radar important " he said.

Erguven stating that they see an increase in interest from Africa and South America, although it is not yet at the desired level. "No matter who the foreigners coming to Turkey, they are coming here for the love of our country. Prices are reasonable, and living standards are high." he said.

"Our 2023 expectation is 20 billion dollars"

GİGDER Board Member Erguven said that although the number of sales will decrease with the increase in the profile of foreigners who buy housing, there will be no loss in revenue, and said that they expect the revenue of 6.7 billion dollars last year to reach 7 billion dollars.

"We expect the average real estate sales value to be around 170-180 thousand dollars, especially with the increase in sales from regions such as Antalya and Bodrum and the arrival of high-potential buyers." used the expression. Emphasizing that 20 billion dollars can be reached easily by providing variety in the buyer profile and the products sold, Erguven drew attention to the importance of real estate investment funds. Erguven explained that their target is 20 billion dollars in 2023 and that they will work day and night to reach this number when the pandemic ends.

Erguven said that they brokered more than 500 housing sales annually and the currency came to Turkey through the sale of the houses around 500 million dollars in 8 years

Source: Anadolu Agency

Things to Consider While Buying Real Estate

Key points to be considered during real estate purchase and sale: Real estate and real estate agent selection, Real estate physical status, Land registry status.
The title deed registration of the house to be purchased must be checked in advance ...
Notice whether the floor easement has been established, whether the occupancy permit is obtained. If the property you are purchasing is under construction, check the financial status of the contractor.

If you are purchasing a property from a construction that the contractor makes for a floor, you must add the necessary compensations by contracting with the contractor, writing the completion date and materials to be used one by one.

If the property you are buying is a tenant, you must first review the lease contract with the tenant and personally meet the tenant, or if the tenant has made an eviction commitment, compare the date with the eviction commitment.

To get rid of debts such as electricity and water that may come after sales, get a signed document from the former owner that he is responsible for these debts.

You must declare the value of the property you will receive during the land registry process by calculating it according to the re-evaluation rates. Because if your statement is incomplete, the paid trade fees will be returned to you with penalties.

WHEN BUYING THE LAND:

The suitability of the land in question is the most important point you should pay attention to. The seller must show you the official zoning status document or give a photocopy, not a verbal declaration.

By controlling the deed; you should check whether the plot whose island, map, plot is specified corresponds to the plot shown to you.

You should go to the land registry office to which the land is affiliated, look at the land registry and check whether there is an annotation against the sale of the land.

If the plot you are purchasing is the plot, it is not possible to determine the share purchased on the plot of the shareholder. If it is parceled, it can be considered to determine to whom it is sold by being certified by the notary public on the sketch.

Considering the investment while buying the land, there will be great benefits in consulting the expert. Otherwise, your money may be wasted.

It should be checked whether there is a roughness by checking the records of the purchased real estate in the land registry and the municipality.

Attention should also be paid to tax debts.


INFRASTRUCTURE SERVICES

Infrastructure services can be listed as channel, water, telephone, electricity, natural gas and road.

channel:
A waste water project is prepared by the parcel person and approved by the General Directorate of OLD. According to the approved project, when the building wastewater connection will be made, the process is concluded by obtaining excavation permission from the Municipality Science Directorate.

Directions:
The cadastral road is built by the municipality, and the zoning road is built by the owners of parcels facing the road. It is controlled by the Municipality Directorate of Science. The application of the mentioned roads to the land is done according to the road condition prepared by the Municipality Map Directorate.

The roads to be built by the parcel owners are the roads subject to the 23rd article of the Zoning Law No. 3194. However, for the roads that have to be done by the municipality, the participation share is taken from the owners of the parcel with the front. Half of the affiliate share is received from the parcels on one side of the road and the other half from the parcels on the other side. If the road to be covered is within the scope of the Law, full price is charged for each parcel, that is, two layers of application will be made.

That :
Construction owners are obliged to make a water contract with the General Directorate of OLD. If the construction is ongoing, the OLD Network Chief will temporarily connect the building to the building. It is subscribed when the construction is finished.

Electricity:
Building owners make mutual contracts with TEK according to approved electrical contracts. After the contract, the necessary connection applications are made under the supervision of TEK, after obtaining excavation permission from the Municipality Directorate of Science.

Telephone :
The relevant institution, Telecom, operates according to its technical conditions. If infrastructure facilities are to be excavated, a license must be obtained from the municipality.

Natural gas :
The relevant institution, ESGAZ, operates according to its technical conditions.


APARTMENT EXPENSES

As long as you own the flat, you have to participate in expenses whether you live or not (tenant if you have tenant). When the payments are not made, the executive can track enforcement against you and put a lien on your assets. Besides, the manager may request interest from you. You will not have much to defend against the actions of the manager, and as a result, you will have to pay your debt with interest, enforcement costs and attorney fees. For these reasons, it is beneficial to pay your share of common expenses.

 

 

Ways to Understand Investment to Make the Right Investment

Today, in order to be declared economic freedom individually; good profits, good accumulation and good investment are required. From an individual point of view, a budget plan should be determined in order to avoid some financial difficulties in everyday life and the economic movements of the individual should be regulated accordingly.

When determining the budget plan, the closest resource the individual needs will always be investment. Because investment; In the short or long term, depending on the size of the investment, it allows to have a small or large leap chance in the individual economy. Accordingly, when making budget plans, possible investment options should be considered and evaluated.

Real estate for the right investment

According to the thoughts of the individuals; economically, it is always the best investment property category. Because market movements in the real estate category are based on more social and public reasons compared to foreign exchange and stock market movements. For example a house; Shopping malls nearby, walking distance to public transportation may increase the price. In addition, even a playground opened in the vicinity may cause an increase in the housing price. The main economic reasons are; day-to-day movements and index of the stock exchange, increase of taxes paid, changes made by banks in interest rates. For this reason, before stepping into an investment in real estate, it is necessary to investigate the potential of the said investment source to make a profit for the future and evaluate the investment option accordingly.

The right investment is important

When it comes to the issue as a whole; In order for an investment to be considered as an economically correct decision or a good profit, a maturity discussion should be made. The reason for this is that it determines the maturity period in itself according to the type of all investments. When the subject is evaluated as real estate investments again; it is unlikely that a house or a plot will be valued in one day, one week, and the price will increase. On the other hand, the maturity of the foreign currency, another investment option, is mostly determined by the individual, not himself. Since the movements throughout the day are small in scale, in foreign currency that can only evaluate the investments in the long term; The determining factor of the maturity is the size of the investment. Even an increase of 0.20 in foreign currency can make a noticeable difference in large amounts of investments, while it may cause loss of time in small levels of investments.

In essence, investment must be made

Investment; It can be said that it is an investment that does not harm the individual if it does not waste time for the individual, does not cause a decrease in principal and does not prepare the ground for missing opportunities. If the individual has the idea of ​​increasing his / her profit margin, in short, a visible addition on his / her principal, he / she should make his / her accumulation on the right investments that will not cause any loss of time. For this reason, the individual should research the investment opportunities on a daily basis and concentrate on the option that comes closest to him. While conducting the research, the individual should remain as loyal to his budget planning as possible and not go out of his own lifeline. In order to qualify the individual's investment as "the best", he / she should make his / her order in the center of this business.