Market news

Tax reductions for Turkish real estate did not affect anything

30.03.2009
real estate turkeyTurkish government package of help caused by global crisis was to decrease VAT from 18% to 8% if total measurement of selling property is more than 150 meters square. In spite of such an action mobilization of Turkish real estate property market has not notified yet. 

Representatives of the real estate sector say that automotive and white goods demand increases. The same situation in the housing sector of Turkey is not possible till interest rates of property credits start to decrease. They also are agreed that if interest rates of real estate credits  fall down from 1.44%  to  1,10-1,15%  Turkish property market will rise up.

News was edited by “VESTA Estate”
vestaestate.com


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