Roadblock 2017
One property industry representative who requested anonymity said that before the regulation, properties worth only $150,000 could be reported to the land registry authority with a $250,000 price tag in order to secure citizenship for the buyer.Īfter the sale, the construction company would transfer $100,000 back to the buyer, the person said. A year later it cut the minimum price to $250,000, from $1 million, to attract foreign buyers and help alleviate the currency the crisis. The sales have contributed to a broader rise in living costs for Turks that has weighed on Erdogan's opinion polls: housing-related inflation was more than 20% last month, reflecting soaring rents, valuations and mortgage rates.Īnkara adopted the citizenship-for-homes scheme in 2017. GIGDER's Akbal expects construction companies to sell a record 50,000 homes to foreigners by year-end, though the new regulation might reduce that. Last year net foreign investment in real estate was $5.7 billion, central bank data shows. The General Directorate overseeing land registries said it adopted the regulation in September to address "certain observed irregularities in the appraisal reports".įoreign home sales - mainly to Iranians, Iraqis, Russians and Afghans - reached an all-time high of 6,630 last month, official data shows, as a sharp falls in the lira made Turkish property more attractive to foreign buyers. Some 7,000 foreigners received Turkish citizenships via home purchases between 20, the government said last year. "We have since seen sales offices emptying out and presale contracts getting cancelled," he said.Ī construction boom has helped drive economic growth through much of President Tayyip Erdogan's nearly two decades in power and, under the citizenship scheme, cash from abroad helped offset Turkey's usually heavy trade imbalance. "This difference between construction companies' sales prices and new valuations has led to distrust among foreigners," said the head of GIGDER, Omer Faruk Akbal. 20 when the regulation was adopted, prices of some homes sold to foreigners have dropped by 30-45%, prompting some prospective buyers to walk away. GIGDER, an industry body that promotes Turkish home makers abroad, said that since Sept. He needs a PPV win after losing his feud to Reigns, and a loss for Big Cass in a singles match won’t affect his and Enzo Amore’s quest to win the tag team titles.But under a regulation adopted last month, the land-registry authority now automatically assigns appraisers to properties, thwarting collaboration that could lead to abuse. Rusev could be in for a big push in 2017, possibly contending for the WWE Universal Championship at some point. Strowman will continue to look strong by dominating the match, but Zayn will technically get the win by refusing to give up. But Sunday’s match has a 10-minute time limit, and all Zayn needs to do is avoid being pinned or submitted until the final bell rings. Strowman has never been pinned in WWE, and that won’t change at Roadblock. Kendrick pinned Perkins Monday in a singles match, so it might be Kendrick’s turn to take the pin in the upcoming match. Now that Swann has the belt, it might be time for the two former champions to leave the title picture for the time being. The feud between Brian Kendrick and TJ Perkins was at the center of the Cruiserweight Division’s introduction to WWE a few months ago. WWE Cruiserweight Champion Rich Swann vs. It wouldn’t be surprising to see Owens try to interfere on Jericho’s behalf, only to accidentally cost him the match. Rollins could use a win at Roadblock, having lost six consecutive PPV matches. WWE might have the match end in a draw, allowing Charlotte to keep her unbeaten streak intact while letting Sasha retain the title. Sasha’s victory a few weeks ago might mean that WWE is finally ready to let her keep the championship for an extended period of time, though Charlotte has never lost at a pay-per-view. The top female wrestlers on “Monday Night Raw” have swapped the belt five times since July 25. With the way their feud has gone, it’s almost impossible to predict who will win Sunday. Charlotte Flair (30-Minute WWE Iron Man Match) WWE still clearly views Reigns as the future face of the company, and he might beat Owens, even though he already holds the United States Championship. He’s likely headed towards a feud with Chris Jericho, who might end up costing Owens in the upcoming championship match. Kevin Owens hasn’t had a very memorable run as the longest-reigning WWE Universal Champion in history, and his time with the title could come to an end Sunday.