‘My Home Turkey’ real estate fair opens in Germany

DÜSSELDORF - Demirören News Agency

A major event called “My Home Turkey Real Estate and Investment Fair” opened in the German city of Dusseldorf on Feb. 8 with the participation of more than 70 developers and real estate associations.

The fair aims at introducing real estate projects and investment opportunities to Turks living in Germany.

Deputy Interior Minister Tayyip Sabri Erdil, Deputy Environment and Urbanization Minister Fatma Varank, Turkey’s Ambassador to Germany Ali Kemal Aydın, Demirören Media Chairman Yıldırım Demirören, Demirören Media Group and Hürriyet Executive Board Chair Mehmet Soysal, Demirören Medya Newspapers Advertising Group Chair Gürcan Korkmaz, Housing Development Administration of Turkey (TOKİ) President Ömer Bulut, and Istanbul Chamber of Commerce (İTO) President Şekib Avdagiç attended the ceremony marking the launch of the fair.

Some 76 real estate companies are taking part in the event which will close on Feb. 10. For three days, participant companies will showcase their projects in 15 Turkish provinces on a 4,900-square-meter fair area, targeting different income groups.

The event is organized in cooperation with Demirören Media Group, İSTExpo Fuarcılık and supported by the Turkish Environment and Urbanization Ministry.

The national flag carrier Turkish Airlines is the official transport sponsor for the fair.

The Real Estate Investment Partnership Association (GYODER), Housing Developers and Investors’ Association (KONUTDER) and the Istanbul Contractors Association (İNDER) are also participating in the fair.

Strong interest

There was already strong interest in the fair from Turks living in Germany on day one.

“Some 10,000 people are expected to visit the fair. Among the 76 participating developers are eight companies that display their 12 projects under the roof of Emlak Konut. This event is also a clear indication that Turkey is a safe and valuable market to invest in. The fair will have a positive impact on all sectors, particularly the real estate industry,” said Varank.

She also noted that the government will open land registry and cadaster representative offices in 12 countries, including Germany, the U.K., Greece, Austria, the Netherlands, Norway, Russia, Belgium and Qatar.

Those representative offices will help Turkish expatriates and foreign citizens with their real estate purchases in Turkey, according to the minister.

Soysal underlined the crucial role the construction industry plays in Turkey’s economic development.

“Turkey has been experiencing an urbanization revolution. The concept of ‘quality urbanization’ has spread to the every corner of the country. Turkey has become an investable country in the global real estate market and the construction industry has achieved this success thanks to President Recep Tayyip Erdoğan’s visionary approach and the support from the Environment and Urbanization Ministry,” Soysal said.

“This fair not only introduces the real estate projects to Turks living in Germany but also aroused interest among foreigners in the Turkish property market,” he added.

He added that the target is to hold similar fairs in eight other European cities.

Erdil stressed the strong business ties and friendly relations between Turkey and Germany.

“This fair will serve as a platform for new investments. New regulations have reduced red tape and simplified procedures regarding real estate transactions,” he said.

Aydın noted that the Environment and Urbanization Ministry’s participation in the fair with a large delegation shows the government’s support for the construction sector.

“Turks living in Germany have strong bonds with Turkey. Those ties grow even stronger with their purchases of real estate in their home country. We call on our expatriates to seize the opportunities to buy properties in Turkey,” he said.