Turkish Citizenship for $1 Million Property Purchase

Turkish Citizenship for $1 Million Property Purchase

The new conditions of being a Turkish citizen in the Official Gazette were published. $ 2 million fixed investment, or keeping 3 million dollars in the bank for 3 years will be granted citizenship. Turkish citizenship shall be granted to foreign nationals who invest at least US $ 2 million in fixed capital, or who […]

Arabs to Invest 100 Billion Dollars in Turkey

Arabs to Invest 100 Billion Dollars in Turkey

The biggest companies in Saudi Arabia, Qatar and the United Arab Emirates are coming to invest hundreds of billions of dollars in Turkey. United Arab Emirates-based Abu Dhabi Investment Group Chairman Zayed Bin Aweidha emphasized that the political and economic cooperation of Turkey and the Gulf countries is continuing rapidly. In the coming period, Saudi […]

Turkey Champions on Property Amortization

Turkey Champions on Property Amortization

The period of coverage for a rented property acquired in Turkey increased to 20-30 years from 15-16 years. When we look at the data of the Organization for Economic Co-operation and Development (OECD), Turkey is the country with the longest return period of housing investment. When this ratio is accepted as 100 in 2010, it […]

Do Opportunities Last Forever?

Do Opportunities Last Forever?

As TUIK announced the sales figures for November, some of my friends from outside the sector said, “You told us markets were slowing down, how has sales figures increased so much?” As you know, in November, residential sales increased by 25.1% compared to those in November last year. How can the housing sales figures increase […]

Basilica Cistern Being Renovated

Basilica Cistern Being Renovated

The Basilica (Yerebatan) Cistern, operated by Istanbul Metropolitan Municipality (İBB) Culture Inc., started to be renovated with restoration work started in December. The Basilica Cistern attracts the attention of tourists because of the mysterious structure between the marble columns rising from the water. The cistern that met the water need of the people living in […]

35 Billion Investment Plan Ready in Real Estate Sector

35 Billion Investment Plan Ready in Real Estate Sector

The major players of the real estate sector, which is the locomotive of growth in 2016, are entering 2017 with new giant projects. In 2016, the sector representatives, considering the previous year’s residential sales figure of 1 million 289, believe that a new record in the sales will be broken adding that they will continue […]

Foreigner Interest in Property Projects in 2016

Foreigner Interest in Property Projects in 2016

Branded property projects were also among the foreign investors that invested in Turkey in 2016. How much of the sales realized within property projects were made with foreign investors? Which property types showed foreign investors’ interest in real estate investment? Here is the analysis of first-hand apartments foreigners who invested in real estate in Turkey […]

Istanbul Falls to 17th in World League

Istanbul Falls to 17th in World League

According to the report covering 150 world cities, in the third quarter of this year, Istanbul’s price increase was reduced by 14 steps. Ankara and İzmir also received a major fall. Chinese cities play role in fall UK-based global real estate consulting firm Knight Frank has released its third quarter results of the global housing […]

Do Foreigners Invest in Turkey?

Do Foreigners Invest in Turkey?

Do foreigners invest in Turkey? The answer to this question is a huge NO! So many properties are sold to foreigners in Turkey. You may be asking if these are not investments. No, they are not, they are merely ordinary properties that they buy to stay in Turkey when they come from time to time. […]

Eurasia Tunnel Increases Housing Prices

Eurasia Tunnel Increases Housing Prices

The Eurasia tunnel, which will reduce the distance of 100 minutes between the two sides of Istanbul to 15 minutes, was opened on 20 December 2016 with the participation of President Recep Tayyip Erdogan, Prime Minister Binali Yıldırım and numerous foreign guests. The Eurasia Tunnel, which will not be affected by the earthquake and tsunamis, […]