Our Chairman of the Board, Bayram Tekçe, appeared as a guest on CNBC-e’s program Cities in Transformation, hosted by Şule Alp, where he emphasized that the real need is not granting citizenship through real estate investment, but providing residency permits. While assessing the demand for real estate in Turkey from a broad perspective, Tekçe also shared insights on the current state of the real estate sector and his forecasts for the future.

Highlights from the broadcast:

• According to our research, 45% of international investors purchase real estate for investment purposes.

• 45% of these investors rent out the properties they buy, bringing dynamism to the real estate market.

• 75% of international investors coming to Turkey do so for investment purposes, not for citizenship.

• With the right policies, Turkey could attract $20 billion in investments from international investors each year.

• To enhance Turkey’s success in the real estate sector, a clear vision and roadmap must be established.

• Programs similar to the Golden Visa should be developed to facilitate the property acquisition process for international investors.