Page 46 - World Of Nurol Magazine 31

makes it possible for residents to enjoy a view of the Turkish customers will regain their appetite with the
historical peninsula from one side and the Bosphorus drop in interest rates in the medium and long term.
from the other. The offices and houses in Nurol Life,
Nurol Tower and Nurol Park have almost sold out, with What do you think about the huge interest in Turkey
75 percent, 60 percent and 85 percent sold, respectively. among foreigners, especially in Istanbul? How does this
The remaining stock will be sold over the next 2 years. interest reflect on Nurol REIT?

Being a manager in the real estate sector must be Istanbul and Turkey are among the best places to
difficult these days due to the fluctuations in the live in the world. The weather, sea, greenery, culture,
market as a result of the economic conditions in Turkey. history and food appeal to everyone, and there are
You have been working in this sector for years, so what many options for both investment and living. Thanks
do you think the future will bring? to the improvements made to legislation over the last 2
years, foreigners are now allowed to purchase houses in
The Turkish real estate sector is evolving, having Turkey, and Nurol REIT changed its Sales and Marketing
transitioned from the Sell-and-Build model that was structure accordingly, adapting itself to this new trend.
in demand 10 years ago, to a Build-and-Sell model. In the last year, 80 percent of our sales have been made
Furthermore, the macroeconomic conditions have led to to foreign buyers.
a considerable decrease in market mobility.
Nowadays, 4 percent of the real estate sold annually in
Many companies were not ready for this in terms Turkey is to foreigners. I think sales to foreigners will
of capital structure, and the unfavorable economic reach 10–15 percent of the total in the coming 2–3 years.
conditions have made it harder to do business through
borrowing. The high interest rates and fluctuations in Let’s talk about your personal life. Do you have time
foreign exchange rates have led Turkish customers who to spend on your hobbies, and what are they? What do
want to buy houses, either to live in or as an investment, you do to relax?
to hesitate in making purchase decisions.
Business life and refereeing have taught me how to lead
The following 5–10 years will see credible companies an organized and planned life, and I do my best to plan
with strong financial structures and clear stocks gaining and spend my time efficiently.
strength through financial instruments aimed at
supporting the Build-and-Sell model. I have two Golden Retrievers that I spend time with when
I am at home. Training, watching movies, reading books
The Personal Pension System (PPS), Real Estate and learning Spanish have also kept me busy recently.
Investment Trusts (REIT) and Foreign Customers will I try to keep up with the theater, concerts and other
provide new markets for the sale of products. cultural activities Istanbul has to offer as a part of its rich
social life.

Argentina v Nigeria (2018 World Cup Group 3rd Game)
Lionel MESSI, Bahattin DURAN, Cüneyt ÇAKIR, Tarık ONGUN

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