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  • Recent Changes in the Governing Regulations of Turkish Citizenship Code

    Recent Changes in the Governing Regulations of Turkish Citizenship Code

    According to this new change; when you individually purchase a property in Turkey which has a value of at least 1.000.000,00 USD or make a fixed investment in Turkey of a total amount of 2.000.000,00 USD foreign investors will be granted Turkish Republic Citizenship.

    New incentives for foreign investors on the way

    Deputy Prime Minister Numan Kurtulmuş said they are working on arrangements that would provide new incentives and advantages for foreign property sales.

    Deputy Prime Minister[...]

  • Reha Medin Global CEO Tamer Çiçekçi States Overall Outlook is Positive

    Reha Medin Global CEO Tamer Çiçekçi States Overall Outlook is Positive

    Tamer Çiçekçi - Reha Medin Global CEO - has been featured on the november issue of Glober, stating a positive outlook on the construction and real estate in Turkey, especially in Istanbul.

    Here is the interview as appears on the magazine.

    "CURRENTLY, TURKEY IN GENERAL, AND ISTANBUL IN PARTICULAR, IS UNDERGOING A DRAMATIC PROCESS OF URBAN RENEWAL, ACCOMPANIED BY THE CONSTRUCTION OF VAST NEW RESIDENTIAL AREAS AND LARGE-SCALE INVESTMENTS IN INFRASTRUCTURE AND TR[...]

  • Turkish Citizenship Made Easy

    Turkish Citizenship Made Easy

    Turkish government has eased the acquisition of Turkish Citizenship, effective from 12.01.2017, according to the amendment published on the date of 12.01.2017 at Official Gazette, Article 20 of Governing Regulations of Turkish Citizenship Code.

    The government has previously taken efforts to ease and shorten the procedure for residence permit in Turkey, and successfully done so by reducing the average procedure duration to only 6 days. 

    Following this successful initiate, Turkish gover[...]

  • Turkey’s Latest Mega Project “Eurasia Tunnel” Opens

    Turkey’s Latest Mega Project “Eurasia Tunnel” Opens

    The overachieving tunnel that connects Europe and Asia from underneath bosphorus was inaugurated with the presence of President Recep Tayyip Erdoğan, Prime Minister Binali Yıldırım, and many Turkish and foreigner guests.


    The inauguration address was made by President Recep Tayyip Erdoğan, stating that all revenues from the tolls until December 31st will be deposited into an account for the families of matyrs and veterans.


    The new mega project linking Göztepe and Kazlıç[...]

  • Turkish-Arabic business chamber to be established

    Turkish-Arabic business chamber to be established

    Turkey’s top business organization has said it will establish a Turkish-Arabic Chamber through a deal with the Union of Arab Chambers (UAC), in a bid to further boost economic and trade ties with the region. 

    The Union of Chambers and Commodity Exchanges of Turkey (TOBB) will sign the deal with the UAC, which has a total of 22 members representing an economy worth $2.7 trillion in total, at a ceremony in Istanbul on Nov. 24, according to a TOBB statement on Nov. 20. 

    TOBB P[...]

  • Ankara and Trabzon See Increase in Sales to Foreigners

    Ankara and Trabzon See Increase in Sales to Foreigners

    According to the Turkish Statistics Agency (TUIK), the sales of residential properties to foreign nationals fell by 17 percent when compared to last year, reaching 11 thousand 934 in the whole of Turkey, in the period between January – August.

    Ankara sees higher rise

    14 thousand 424 residential properties had been sold to foreign nationals during the same period of last year. On the other hand, the sales of properties to foreigners rose by 26 percent (from 337 to 426) in the period b[...]

  • Amortization Periods of Residential Properties in Istanbul

    Amortization Periods of Residential Properties in Istanbul

    REIDIN, the information company which undertakes and publishes studies on real estate, has published a report related to the amortization periods of residential properties through their rental income.

    One of the criteria which investors see as important when buying a residential property is the period in which the price of the property is redeemed through its rental income. The report published on this subject shows the Istanbul district of Beyoğlu at the top of the table with 10,9 years, fo[...]

  • Foreign investors continue purchases on BIST

    Foreign investors continue purchases on BIST

    Foreign investors took the net purchases' side on Borsa Istanbul (BIST) share markets in September once again following August purchases. Data collected from the BIST database suggest that net purchases by foreign investors stood at $205.3 million last month.

    Following the course of net purchases after a three-month sales process, foreign investors continued their purchases even though U.S-based credit rating agency Moody's downgraded Turkey's rating in September. Transactions by [...]

  • Highway tunnel under Bosphorus pushes Istanbul real estate prices up

    Highway tunnel under Bosphorus pushes Istanbul real estate prices up

    The Eurasia highway tunnel under the Bosphorus has increased real estate prices in nearby districts long before its opening date on Dec.20., with rental prices rising by 25 percent and sales prices rising by 41 percent in a year

    The construction work on the Eurasia highway tunnel, which will connect Istanbul's Asian and European sides under the Bosporus Strait, has pushed up real estate prices up in nearby districts. Scheduled to open on Dec. 20, the tunnel will reduce the travel time bet[...]

  • Turkey's annual inflation decreases from 8.05 to 7.28 pct in September

    Turkey's annual inflation decreases from 8.05 to 7.28 pct in September

    Turkey's monthly consumer prices rise by 0.18 percent in September with annual inflation rate decreasing from 8.05 to 7.28 percent.

    Prices increased by 4.72 percent since December 2015, while the increase in twelve months moving averages basis was 7.92 percent in September 2016.

    The highest monthly increase was in transportation category with 2.70 percent, followed by 1.98 percent with education, 0.67 percent with cafes and restaurants, 0.41 percent with education and 0.28 percent with[...]

  • Confidence in economy rises in September

    Confidence in economy rises in September

    The economic confidence index increased by 20.8 percent to 87.81 in September from the previous month, according to official data released by the Turkish Statistical Institute (TurkStat) yesterday.

    The economic confidence index, which was 72.66 in August, increased by 20.8 percent to 87.81 in September showing that all sub-indices saw substantial improvements from the previous month except the consumer confidence index and the retail trade confidence index, which decreased to 74.29 and 97.99,[...]

  • Turkey ranks first in housing price increase

    Turkey ranks first in housing price increase

    Turkey is ranked first in the global estate price increase report, published by the UK-based global real estate company Knight Frank once every four months.

    Turkey is followed by New Zealand in the ranking. It was determined that Turkey, among various countries of the world, is the country where housing prices increased the most. However, it is remarkable that in Turkey, when compared to the first quarter of the year when housing prices were on the rise at 19 percent, the house price inc[...]

  • Istanbul mega infrastructure projects push land and real estate prices up

    Istanbul mega infrastructure projects push land and real estate prices up

    Mega projects and urban renewal projects have substantially increased land and real estate prices in Istanbul, with the value of real estate properties reaching TL 1.5 trillion ($500 billion).

    Completed and ongoing megaprojects like Kanal Istanbul, Istanbul New Airport, Yavuz Sultan Selim Bridge, Eurasia Tunnel and Marmaray have further increased the value of real estate properties.

    According to the Star daily, real estate properties in Istanbul doubled in value in the past three years, re[...]

  • Housing sales rise 2 pct in August

    Housing sales rise 2 pct in August

    Property sales in Turkey rose by 2 percent on an annual basis in August, the Turkish Statistical Institute (TurkStat) reported Friday. Moreover, 114,751 houses changed hands in Turkey last month, marking a 41 percent increase compared to July. The considerable rise in house sales in August is attributed to the cuts in home loan interest rates as well as campaigns to revive the housing sector.

    Mortgages for house sales in the country remarkably increased by 1.2 percent to 36,458 units compared[...]

  • Residential Property Price Index Risen by 0,96 Percent

    Residential Property Price Index Risen by 0,96 Percent

    The Residential Property Price Index (RPPI) rose by 0,96 percent in June, when compared with the previous month, reaching 213,96.

    The Residential Property Price Index data for the month of June, have been announced by the Central Bank of the Republic of Turkey (TCMB).

    The RPPI (2010 = 100), which is calculated using the cropped median price method, in order to track the price changes in the residential property market of Turkey, rose by 0,96 compared to the previous month, in June of this [...]

  • How has the Third Bridge Affected the Property Market?

    How has the Third Bridge Affected the Property Market?

    Yavuz Sultan Selim Bridge, the 3rd pearl of the Bosphorus, has not only ensured gains for Turkey but also for its investors since opened by President Recep Tayyip Erdoğan. The bridge, which possesses the features of being the widest (59 meters), highest (322 meters) and longest (2 thousand 164 meters) bridge in the world, has multiplied the value of land in the villages it passes through by 15 times in the last 4 years.

    Beykoz – Garipçe square meter prices soar

    The constructi[...]

  • Turkey-Saudi Arabia Agree to Boost Economic, Property, Energy Relations

    Turkey-Saudi Arabia Agree to Boost Economic, Property, Energy Relations


    According to some media sources, Turkey and Saudi Arabia reached an agreement on the establishment of a high-level strategic cooperation council to set up  to strengthen investment, economic and investment cooperation between the two countries.

    “The council will be interested in many matters, including security, property, political, economic, trade and investment fields as well as energy, education and other fields,”

    The announcement came after Turkish President Recep Ta[...]

  • More Than 25 Billion Liras of Investments in Istanbul

    More Than 25 Billion Liras of Investments in Istanbul

    Strategic Plan of Istanbul Municipality for 2016-2019 has been announced, it shows the planned projects and the total cost of upcoming investments in Istanbul.
    Istanbul Metropolitan Municipality’s strategic plan for 2016-2019 has approved at the city council. The plan contains the detailed process of upcoming projects for the next 4 years.
    21,5 Billion Liras for Rail Systems
    According to the strategic plan, 21.5 billion Turkish Liras will be spent on rail system projects between 2016-20[...]

  • Turkey announces its first factory to produce human-like robots

    Turkey announces its first factory to produce human-like robots

    Turkey's first humanoid robot facility is under construction in the central province of Konya. Akınsoft, a technology and software company will run the facility, which is expected to open within 2016. Akınsoft Özgür CEO Akın said that he established a robotics laboratory in 2009 and introduced humanoid robots called "Akıncı" and "Ada" in 2011 and 2013. The robots have been in use as waiters at a local cafe. Humanoid robots are designed in line with the huma[...]

  • Land Prices Are Affecting Prices of Properties in Istanbul

    Land Prices Are Affecting Prices of Properties in Istanbul

    Due to decreasing amount of the available lands in Istanbul that are located in central districts, lands around the borders of Istanbul getting much more valuable and directly increasing the prices of properties in Istanbul.
    Istanbul is a very fast developing mega city and in past 10 years the city’s skyline noticeably changed with major scaled housing projects. This situation have caused lack of lands with enough spaces for new housing projects to be built. There are very less amount of [...]

  • Reason to Invest In Istanbul: New Finance Center, Coming in 2020

    Reason to Invest In Istanbul: New Finance Center, Coming in 2020

    Istanbul is a mega city, a home land of many mega projects and 2020 going to be the date of birth for many new mega projects. One of these projects is Istanbul Finance Center; they will start the constriction on the first quarter of 2016, It is another reason to invest in Istanbul.
    That new mega center is expected to be completed in 2020 and provide 20 million Euros of income on a yearly basis. Mehmet Ergün, the President of Housing Development Administration of Turkey stated that the proj[...]

  • Prices of Properties in Istanbul Are Increasing Day by Day

    Prices of Properties in Istanbul Are Increasing Day by Day

    Turkey’s real estate sector keeps growing rapidly. Mega cities like Istanbul, Ankara and Izmir are focal points for foreign and citizen investors, thus the prices, especially for the properties in Istanbul increase day by day.
    Real estate in Istanbul is in the leader position for prices. The House prices in Istanbul increased 2,57% on September, 2015 compared to previous month and the prices are 26,38% higher than the September,2014. At this rate, the city is always be one [...]

  • Another Mega Project is Getting Closer to Completion and is Drawing More Attention to Properties in Istanbul

    Another Mega Project is Getting Closer to Completion and is Drawing More Attention to Properties in Istanbul

    Each day another mega project in Istanbul is being completed and positively changing the order of the city. One of these projects is the The Eurasia Tunnel that will connect the Asian and the European sides of Istanbul together under the Marmara Sea, is almost completed. Properties in Istanbul that are located around the entry points of the tunnel have already been positively affected by this mega project.
    Mayor of Fatih District Mr. Mustafa Demir visited the project and the project manager Nec[...]

  • After the Elections Sales of Properties in Istanbul Drastically Accelerated

    After the Elections Sales of Properties in Istanbul Drastically Accelerated

    The re-elections in Turkey on the 1st of November have resulted into stability again. The restored image of the country positively affected the sales of properties in Istanbul and returned the attention of foreign investors back to Turkey.
    The investors are no longer hesitating to make a new real estate investment in Istanbul due to current stable economic environment of the country. The consumer trust index has increased from 62.78 to 77.15; this became another motive for the foreigners to mak[...]

  • The Sales of Istanbul Properties Will Continue to Rise in the New Period

    The Sales of Istanbul Properties Will Continue to Rise in the New Period

    Real Estate experts evaluate the sales of Istanbul properties in the third quarter of 2015 and comment on the future progression in the short term.
    Statistical data shows that sales of houses in Istanbul have increased 3% in the first three quarters of 2015 compared to same period of last year. Experts stated that, cumulative changes in mortgage loans have increased 5% compared to last year and there will be apparent stir in changes of loans within in the next couple of months. Due to the incre[...]

  • International Property Show 2016

    International Property Show 2016

    The International Property Show (IPS) – an innovative event held annually in Dubai for international and local companies involved in sales and promotion of real estate to individual and institutional investors – returns for its 12th edition in 2016. Accredited by the Dubai Real Estate Regulatory Authority (RERA), IPA is the Middle East’s largest property sales platform for local and international real estate markets, enabling companies to showcase their residential, commercial [...]

  • Invest in Istanbul Real Estate, Future Traffic Jam Free City

    Invest in Istanbul Real Estate, Future Traffic Jam Free City

    Real estate in Istanbul has stirred around Küçükçekmece and Bağcılar districts by the many upcoming housing projects. As the new projects are rising, Halkalı – Kirazlı metro line is getting ready to reduce the density of the traffic in these mentioned districts.
    According to the information file of the project that Istanbul Metropolitan Municipality has announced, the new metro line is worth 4,185 billion TL and will pass through Bağcılar, Bahçelievler[...]

  • The Asian Side is becoming a New and attractive location to Invest in Real Estate in Istanbul

    The Asian Side is becoming a New and attractive location to Invest in Real Estate in Istanbul

    Istanbul has always been the attraction point for foreign investors. The number of foreign people who invest in Real Estate in Istanbul has noticeably increased over the past five years.

    Especially Bahçeşehir, Ispartakule, Esenyurt and Beylikdüzü districts have been the favorite districts for foreign investors to find houses for sale in Istanbul. Most of the attention towards these districts comes from the Gulf region. In some projects, the rate of the buyers coming from the[...]

  • Fikirtepe Is Becoming a Promising District for Istanbul Real Estate

    Fikirtepe Is Becoming a Promising District for Istanbul Real Estate

    Istanbul’s biggest urban transformation project continues in Fikirtepe district, getting ready to become a new investment point for Istanbul Real Estate sector.
    The transformation has been going on for 4 years by 17 construction companies with the directions of Fikirtepe Urban Transformation Association platform. Head of the platform Ali Nuhoğlu stated that Fikirtepe is under a big transformation process and when the transformation project is completed it will carry a big value for real [...]

  • As the Construction of 3rd Bridge Continues the Value of Properties in Istanbul are Increasing

    As the Construction of 3rd Bridge Continues the Value of Properties in Istanbul are Increasing

    The Third Bosporus Bridge and North Marmara Highway projects are in progress and the connection road between Sarıyer and Garipçe are opened to traffic. The project is getting closer to completion; in the mean while the value of properties in Istanbul keep increasing, especially around the project areas. When the bridge is completed, it will be the World’s longest suspension bridge that has a railway on it. It is expected to make a big impact on the city’s traffic. As the proj[...]

  • New Shopping Street Projects Are Opening New Doors to Invest in Istanbul

    New Shopping Street Projects Are Opening New Doors to Invest in Istanbul

    Istanbul is known for its numerous shopping malls, and now new shopping streets becoming an alternative shopping experience for city dwellers and visitors. These projects also attracts world famous brands to invest in Istanbul. Owning a commercial property in Istanbul at popular streets or malls, costs too much for domestic and foreign investors. Shopping street projects aims to lower this cost and provide more efficient area for the brands. One of these projects “Grand Pera” is desi[...]

  • New Opportunities Await Arab Investors at Karaköy, Istanbul

    New Opportunities Await Arab Investors at Karaköy, Istanbul

    Karaköy has always been the attention spot for the tourists with its historic structure, convenient transport conditions and close proximity to the sea. Recently Galataport which is a cruiser port located in Salıpazarı area started to receive interest of Arab investors, especially Zürafa Sokak (Street) has the most interest in the area. Estimated Worth at least 750 Million Zürafa Sokak in Karaköy got the Arab investors’ attention due to its possession of 6300 square m[...]

  • Turkish Real Estate Market is to Get Move after the Early Election

    Turkish Real Estate Market is to Get Move after the Early Election

    The Turkish real estate gurus who noted that home sales may up by the end of the year, underscored that home sales in July performed a decrease stemmed from religious holiday, increase in exchange rate and home sale price, adding regressions on a monthly basis are not permanent. Ali Taylan the Federation of All Real Property Consultants (TEMFED) President stated that there are no vexed issues determined sector-wide even though there was a monthly regression because of religious holiday, fluctuat[...]

  • Foreign house buyers seek accessibility, central location in Istanbul

    Foreign house buyers seek accessibility, central location in Istanbul

    Turkish Industrial Development Bank (TSKB) Real Estate Value Assessment General Manager Makbule Yönel Maya said foreigners from the Arab Gulf prefer the European side in Istanbul. Talking to an Anadolu Agency (AA) reporter, Maya highlighted the distances to Taksim and Istanbul Atatürk International Airport are the main determinants among real estate buyers from the Arab Gulf region. According to data released by the Turkish Statistical Institute (TurkStat), the number of house sales to[...]

  • The jaw-dropping profits of Istanbul housing

    The jaw-dropping profits of Istanbul housing

    Turkish Statistical Institute (TÜİK), each month announces the returns for investments; the yields are calculated net of inflation and are shown as net profits or losses. Among those who decide on different investment options to protect their savings against inflation, in the past one year, those who have invested in the dollar seem to have made the most profit. As of June, dollar investors look as if they have profited 27 percent. This figure, even when the 7.2 percent inflation is deduce[...]

  • Arab buyers boost Turkish real estate market

    Arab buyers boost Turkish real estate market

    Despite all the ups and downs in the Turkish political scene, foreign investors continue to ambitiously pursue their projects in various sectors. The Wall Street Journal shed light recently on Turkey’s booming hotel development market, citing global hospitality companies claiming to be “undeterred by recent events.” The tourism industry seems to be resistant to internal tremors as well. The number of foreign visitors in February 2014 rose 6.6% in comparison to same month in 201[...]

  • Istanbul rises to become world’s 5th most visited city

    Istanbul rises to become world’s 5th most visited city

    With 12.56 million projected visitors in 2015, Istanbul outpaced New York and Singapore, climbing two spots to become the fifth most visited city in the world, according to the annual MasterCard Global Destinations Cities Index released on June 3. Istanbul showed the strongest growth at 11.4 percent, moving to fifth from seventh, by international overnight visitors. Both Bangkok and Dubai grew by 8 percent, the second fastest after Istanbul, according to the report. Istanbul, which ranked sevent[...]

  • Turkey house prices rise over 7 pct in May 2015

    Turkey house prices rise over 7 pct in May 2015

    Prices of new houses in Turkey increased by 7.35 percent in May compared with the same month the previous year, according to a new house price index released on Saturday. New home prices in Turkey increased 0.76 percent in May from the previous month, according to a report prepared by Garanti Bank in collaboration with Reidin-GYODER - an association of real estate investment companies. The Turkish Composite House Price index, which measures the rate of price variations of Turkish single-family h[...]

  • The Real Estate Society  Conference in Istanbul

    The Real Estate Society Conference in Istanbul

    The conference promises an impressive venue next to central district of Istanbul, a broad range of topics pertaining to global real estate issues and a diverse audience comprising of academics and practitioners from Europe and around the world. Istanbul, one of the largest cities in the world, once the focal point of the worldwide trading, and capital city for Byzantine, Roman, and Ottoman Empires, has been in transition throughout its more than four thousand years of history. Istanbul as the co[...]

  • House sales to foreigners increases 43 percent in Turkey

    House sales to foreigners increases 43 percent in Turkey

    House sales to the foreigners have increased 43.4 percent in a yearly period, reaching 19,880 as of the end of April. According to the information from the Turkish Statistical Institute, house sales to the foreigners increased 18.9 percent in April, reaching 1,847 while it was 1,554 in the same month of last year. House sales peaked in April. Property sales to foreigners increased 17.7 percent compared with the same period of the last year, reaching 6,115 from 5,194 in 2014. Antalya and Istanbul[...]

  • Istanbul house prices up 29 percent in March

    Istanbul house prices up 29 percent in March

    The House Price Index for Turkey (HPI) increased 18.56 percent in March on an annual basis with the increase in Istanbul 28.76 percent, according to data released yesterday by the Turkish Central Bank. While unit price, which is calculated by house value per square meter, was TL 1,342.23 ($506.40) per square meter in March 2014, it increased to TL 1,569.79 per square meter in March 2015. The price in Istanbul increased 2.69 percent while the price increase in Ankara and İzmir was 1.95 percent a[...]

  • In Istanbul, Beşiktaş's soil is worth more than gold

    In Istanbul, Beşiktaş's soil is worth more than gold

    While the square meter prices for residences in certain district of Istanbul are on the constant increase, Beşiktaş, a district in the European side of the city by the seaside, has become one of the districts with the highest price increase. Istanbul has always been a center of attraction throughout history, as the increasing population and many residential projects are causing the residence prices to increase. Istanbul which qualifies for the saying "paved with gold" is becoming mor[...]

  • Turkey: House sales up 15% in February

    Turkey: House sales up 15% in February

    In overall sales, Istanbul has maintained its top spot with almost 19 percent of sales. Homes sales in February were up over 15 percent, the Turkish Statistical Institute said in a statement on Tuesday. The surge came after a drop of 1.7 percent in January. Housing sales in Turkey surged nationwide in February after a decrease of 1.7 percent in January, According to the institute’s house sale statistics, 95,021 houses changed hands in Turkey in February. "An increase in MORTGAGE LENDI[...]

  • Al-Bassam Group to invest in Turkish real estate

    Al-Bassam Group to invest in Turkish real estate

    Ziad Al Bassam, the CEO of the Saudi Arabian-based Al-Bassam Group, has announced that the group and Sumou Holding will launch a new fund of TL 2 billion ($750 million) in Saudi Arabia in order to invest in Turkish real estate. Delivering a speech at the International Investment Summit, Al Bassam said that they intend to work with public companies, including Emlak Konut Real Estate Investment Partnership, Istanbul Public Housing Corporation (KİPTAŞ) and the Housing Development Administration ([...]

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