Business and real estate investments news in Turkey

05 October 2018 Investment

Bosphorus palaces attract the attention of foreign investors

Recent fluctuations in the Turkish lira have contributed to foreign investors' ownership and investment in Turkey. Some have been interested in owning palaces and apartments overlooking the Bosporus. There are approximately 60 palaces and 40 apartments with direct views of the Bosporus for sale. Qataris are particularly interested in owning these properties. Where the location, the length of the waterfront, historical value are the main factors in pricing these deficiencies. The neighborhoods o

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28 September 2018 News

Own a residential apartment in a distinguished area

On the northern shore of the Sea of Marmara, kadıkoy is located in the village of Al Qadi, with a population of about 450,000. This area is classified as one of the most beautiful residential areas in the world, according to a British magazine survey. There is a great opportunity to live or invest in kadıkoy by owning apartments on the European side of the enchanting Bosphorus Strait. Until recently, kadıkoy was submerged and emerged after the Ottomans opened it and the Sultan Khadr Bey too

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24 September 2018 Investment

Turkish government supports the economy with a modern road network

Turkish government supports the economy with a modern road network The Turkish government seeks to facilitate all means of transport to develop the road, rail network and link it to the seaports and major cities in order to support the various economic and residential projects in the country. The road project connecting the states of Istanbul, Bursa, and Izmir is a good example of this, with 184 kilometers of this modern roadway being completed out of a total of 433 kilometers. Another 119 km

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20 September 2018 News

First Aviation and Space Technology Festival in Turkey

Istanbul third International Airport, which is one of the largest airports in the world, will host this festival from 20 to 23 September. Many organizations, as well as young inventors and technology enthusiasts, will take part in the festival Istanbul Municipality and the Turkish Technology Group (vakf T3) are organizing this grand ceremony, which is representing a symbol of the glamorous and fascinating city of Istanbul. The opening ceremony of the festival was a fascinating air show from t

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19 September 2018 Investment

Important Amendments to Acquire Turkish Nationality for Investors

New facilities provided by the Turkish Government include fulfillment of one of the following conditions for applying for Turkish citizenship: Owns a property worth $250,000 and retained it for three years after which the owner can dispose of it, while the requirement in the previous decision was $1 million. To open a project securing work for at least 50 Turkish citizens, while the requirement was previously 100 Turkish citizens. The deposit amount in Turkish banks has become $500,000 for

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17 September 2018 Tourism

Istanbul tops the Turkish tourist cities in 2018

According to a report by the Turkish Ministry of Culture, Istanbul topped the list of the most visited Turkish cities by foreign tourists during the first seven months of 2018, with 31 million and 340 thousand foreign tourists. In addition, the ministry declared that nearly 8 million foreign tourists entered Turkey via Istanbul, followed by Antalya with 6 million tourists, and the number of tourists with 2 million.   Istanbul is a destination for tourists from all over the world. It is on

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14 September 2018 News

Turkish Presidential Decree to Support Turkish Lira

On Thursday, September 13, 2018, the Turkish Official Gazette published a presidential decree requiring the use of Turkish lira instead of foreign currencies in contracts for the sale, purchase, and rental of real estate and movable property. The previously concluded contracts, which were termed in foreign currencies, are to be determined in Turkish lira between the parties of the contracts within thirty days from the entry into force of this decree. The decree pointed out that the ministry th

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04 September 2018 Tourism

Pirate Ships Amaze Tourists in Bodrum the Turkish city

Ports of the Turkish province of Bodrum, in the state of Mugla, have a wide range of pirate ships, providing tourists with guided tours of the islands and coasts of the Aegean Sea. The phenomenon of pirate ships began to spread on the Turkish coast of Mugla in recent years, tourists have the desire to live adventures while doing their tours in the city. The number of tourists rose at the beginning of the summer of 2018, compared with the seasons of 2016 and 2017. The mayor of Bodrum,

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01 September 2018 Investment

Reasons for the increased purchase of real estate in Turkey

Foreign investors' purchases of Turkish real estate jumped 65 % in July 2018, the highest growth since the beginning of 2018, according to data from the Turkish Statistics Agency. A real estate expert confirmed that the decline in the Turkish lira has opened the appetite of foreign investors to increase their investments in Turkish real estate. Turkish real estate expert Aziz Pakan said the Turkish real estate sector is promising and attractive, as it blends deep-root

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18 August 2018 Investment

Is it time to buy real estate in Turkey?

The Turkish lira has exceeded the limit of 6 Turkish lira per dollar, which means that the trader who owns $ 100 thousand has become much worthier than half a million Turkish liras, and this equals the value of a luxury villa close to the tourist areas, or luxury apartment in the best tourist areas, And equal two tourist apartments in the medium tourist areas. This represents an irreplaceable opportunity for foreign tourists to own a property in the most beautiful

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