According to the Association of Real Estate Investment Companies (GYODER), it has been expressed that Turkey sparkling real estate market is expected to receive USD 10 billion by foreign investors as medium term investments.

According to comparison reports of 2013, there has been reported a rise of 89 percent investment in real estate sector by foreigners during the first quarter of 2015 as compared to the similar period in 2014 and it accounted for USD 720 million. According to the statement of Deputy Chariman GYODER, Mr. Isik Gokkaya; the main reason for this surge is removal of reciprocity principle. Moreover, Gokkaya expressed his confidence in the increasing surge of foreign investor’s interest in real estate market of Turkey and he forecasted that it will touch the height of USD 3 billion by the end of year 2016.

The government of Turkey invited foreign investment in real estate sector with the removal of property ownership restrictions by foreigners. It has opened gates of investment for Arab world, Russia and Southeast Asia. Moreover, foreigners are encouraged through residency permits if they own some property in Turkey.

Turkey reported an increase of 31 percent of real estate purchases by foreign investors as compared to 2011 and it accounted of an accumulated receiving of USD 2.6 billion. GYODER Deputy Chairman further added that they are expecting this figure to touch the milestone of USD 3 billion and approximately 10,000 to 12,000 set properties will be owned by foreign nationals. Moreover, he added that an inflow of USD 10 billion is achievable through improved legislations and regulations regarding real estate sector.

Turkish property developers have established their international offices for attracting prospective foreign investors and promoting their projects. Investors from Qatar, Russia, Iran, Saudi Arabia, Turkic Republics, U.A.E and Azerbaijan have shown their keen interest in Turkish projects.