Asian real estate technology group Juwai IQI has opened a new route for Turkish inbound and outbound real estate investment by creating IQI Turkey, in partnership with leading local company Dose Consulting. The new IQI Turkey launches today as the Turkish branch of Juwai IQI’s global IQI agent network.
Turkey is an important source market for overseas property investors and a popular destination market for property investors and investor migrants from around the world.
Istanbul-based Dose Consulting has more than ten years of experience in luxury real estate and investment visa consulting, serving both local and international buyers. Dose Consulting provides the full range of real estate services and is currently marketing homes in 35 Turkish new development projects in Istanbul, Ankara, Izmir, Bursa and other locations.
The launch of IQI Turkey caps a year of rapid growth in the number of IQI and affiliated agents. The agent count has tripled from 5,000 in July 2019 to 15,000 at the end of 2020. Part of this expansion came from the launch of new subsidiaries in India, Pakistan, Singapore, Australia, New Zealand, Bangladesh, and now Turkey. More growth came from the rapid growth of existing IQI branches in Malaysia, Thailand, Cambodia, Vietnam, Canada, Australia, the Philippines, and China.
Dose Consulting Founder and Partner Berrak Ozoltu will become the Vice President of IQI Turkey. She said:
“Our team is thrilled to be launching IQI Turkey and to be representing this fast-growing, high-tech real estate business in one of the most dynamic and centrally located real estate markets in the world.
“Being part of the IQI network gives us access to the most advanced real estate transaction-enabling technology, best practices and highest-quality training. Our local clients will benefit from the ability to invest in international new development property in some 111 markets. Juwai IQI will also refer foreign buyers and investor migrants to us who are seeking to purchase in Turkey.
“Asia is a source for many of the investor migrants coming to Turkey via property investment. The citizenship by investment program, according to official data, has brought US$3.26 billion of investment into local real estate markets.”
Juwai IQI Group Co-Founder and CEO Kashif Ansari said:
“Dose Consulting is an excellent partner for IQI. Berrak, Mehmet, and the team are among the very best real estate professionals in Turkey. They have a deep network of local buyers and investors, excellent relations with local developers, and deep experience serving foreign investors and investor migrants.
“Turkey is an essential market that, with 84 million people, is larger than nearly all of its neighbours. Turkey’s GDP expanded 6.7% in the third quarter, making its US$736 billion economy the best performer among all nations in the Group of 20, including China. Analysts believe the country will end the year with positive or near-zero growth and achieve 4% GDP growth in 2021.
“Turkey is a top destination for investors from many of the countries where we operate. Asian investors are important to Turkey. Japanese investors alone account for more than 5% of foreign direct investment, which hit US$8.4 billion in 2019.
“With IQI Turkey, we will facilitate the exchange of investment into and out of the country. That will help property investors and property marketers achieve the best possible results, wherever they are.”
Juwai IQI Group Co-Founder and Executive Chairman Georg Chmiel said:
“Real estate in the coming decade will be about technology, and that is the primary advantage Juwai IQI offers to Dose Consulting via this partnership. We use technology to enable real estate transactions and increase agent earnings. The team at IQI Turkey will have this new technology from the beginning.
“Expanding into Turkey moves us into a one of the world’s 20 largest countries and one with a relatively young population. For all its past growth, Turkey has tremendous growth in the real estate market ahead of it. Our company will use our technology to scale up as the local market grows.
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