Investors from Gulf countries to attend real estate fair in Istanbul

Real estate summit to showcase investment opportunities in Turkey

Dünya – Turkey’s recent passing of the law that eases the restrictions on property purchases by foreigners has turned keen eyes on the country’s booming property sector. A large group of investors and businesspeople from Gulf countries and Southeast Asia will be attending the Turkish Real Estate Summit 12 and ISTANBUL REstate Real Estate and Investment Fair to be held in Istanbul on May 10-11.

Foreign investor interest in Turkey’s real estate sector peaked with the amended property law that drops the reciprocity principle applied to foreign nationals seeking to own real estate in Turkey. The new law opens the door to citizens from 62 countries to acquire property in Turkey, who were previously barred from doing so on reciprocity grounds.

Turkey’s large-scale urban transformation projects will be on the table at the event, which will see executive level attendees from the leading real estate investment trusts from the Gulf and Southeast Asia that control assets worth a total of USD 60 billion.

The two-day summit and fair organized by the Association of Real Estate Investment Companies (GYODER) will take place at Haskoy Wool and Yarn Factory. GYODER is also planning roadshows to promote investment opportunities in Turkey’s real estate sector in countries like Malaysia, Singapore and Qatar.

10.05.2012
SOURCE: INVEST.GOV.TR