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Turkey to grant privileges for real estate purchase

Economy Materials 23 August 2016 19:38 (UTC +04:00)

Baku, Azerbaijan, August 23

By Rufiz Hafizoglu – Trend:

The privileges will be granted for Turkish citizens to buy real estate in the country, Anadolu agency reported.

According to the agency, a special mechanism has been created to grant privileges to purchase the real estate.

Turkish citizens willing to purchase the real estate till August 26, 2016 must open a special account and transfer funds to this account for three years, the agency reported.

According to the agency, the government will add additional 20 percent to the amount collected by a citizen in three years.

The minimum monthly fee on the citizen’s bank account must reach 250 Turkish lira, while the maximum fee - 2,500 Turkish lira, the agency said.

According to the Turkish Statistical Institute (TurkStat), more than 1.289 million facilities were sold in Turkey in 2015.

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