The Rise of the Foreign Currency Benefited the Expatriates

Interest in housing in Antalya by Turks living abroad


Taking into account the current exchange rates for housing, the VAT exclusion and the favorable prices in Antalya, MUSIAD's Real Estate and Construction Fair, located in Frankfurt, Germany, raised attention of the Turkish citizens residing abroad.

Association of Independent Industrialists and Businessmen (MUSIAD) Hessen Branch, Germany, organised a Construction and Real Estate Fair the second of this year. Participant of the fair , Real Estate Investment Trust Association (GYODER) member Helmann Consturaction company’s Chairman of the Board, Dr. Selman Özgün affirms a serious demand for housing in Turkey by the expatriates.

Ambassador’s Visit

Dr. Selman Özgün stated that while they were presenting Antalya itself and projects in Antalya at the fair held in Frankfurt, Turkish Ambassador to Germany in Berlin, Mr. Ali Kemal Aydın, Consul General of Frankfurt Burak Karartı, Chairmen of MUSİAD and its managers visited the stand.

Suitable Housing Prices

Dr. Selman Özgün pointed out that the interest of the Turkish citizens living abroad is high, especially because of the exchange rates and VAT exception for Turkish citizens living and working abroad as well as for foreign nationals. He also states that due to the economic conjuncture in housing market, the idea that housing prices are appropriate also increased the desire to own housing.

Antalya First in Requests

Özgün stated that Turkish citizens living abroad prefer having a home in Antalya, rather than in their hometowns. The fact that it welcomes many foreign nationals from abroad as well as tourism, with its sea, history, green texture, and the ease of transportation increases the demand for housing in Antalya.


Özgün also evaluated the foreign nationals participating in the fair: ‘’Nationals of Afghanistan, Iraq, the citizens of other countries such as Russia residing in Europe, have inquired Turkey's 250 thousand dollars citizenship that allows those who purchase housing in return. In this respect, it draws attention to Turkey’’.