Business and real estate about News in Turkey

14 January 2019 News

The most expensive and cheapest areas in Istanbul

following is a study for the prices of the most expensive and lowest priced apartments per square meter in different areas of Istanbul, according to the information collected by the Turkish Data Processing Center. Esenyurt: ranked first as the cheapest price per square meter in Istanbul at an average price of 2.204TL per square meter. Çatalca: second place after Esenyurt at an average price of 2,213 TL per square meter. Sultanbeyli: Third place at an average price of 2.378 TL per squar

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07 January 2019 News

45 Days the Time to Respond to Turkish Nationality Request for Foreign Investors

The Turkish Ministry of Interior has begun to facilitate the procedures for obtaining Turkish citizenship for foreign investors by publishing new amendments on this decree, The Ministry shall respond to the requests of foreign investors regarding the acquisition of Turkish nationality within 45 days from the date of application' submission, provided that all documents are complete without any missing in the file, Therefore, it is highly recommended to submit the file by a specialist i

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27 December 2018 News

Iraqis Are the Most Foreign Real Estate Buyers in Turkey

According to data from the Turkish Statistical Agency published  22 November 2018, the Iraqis ranked first among the most buying foreigners in Turkey in October 2018, with a total of 1.439 properties, followed by Iranians with 557 properties and Kuwaitis with 378 properties, then Germans and Russians. Iraqis are increasingly interested in buying real estate in Turkey, especially after the law that was issued in 2012, which allows them to own all types of real estate apartments, villas, sho

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08 December 2018 News

New facilities for Turkish citizenship

The Turkish government granted new facilities to those who wish to acquire Turkish citizenship by owning properties in Turkey, according to a new amendment to the conditions of granting of Turkish citizenship. This amendment was published in the Official Newspaper on Friday 7/12/2018. The amendment states that a foreign investor can acquire Turkish citizenship by buying a property under construction (in incomplete projects), whereas in the previous decision it was limited to the ready to move p

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05 December 2018 News

Istanbul Airport The Connection between Authenticity and Modernity

The airport was built on an area of 76.5 million square meters. All phases of the airport will be completed before 2023. 10,000 employees and workers have worked for establishing the new airport. There are 6 separate runways at the airport. The capacity of the airport is up to 500 airplanes. The closed and open airport terminals accommodate about 70,000 cars. The airport's initial capacity is 90 million passengers per year. Its capacity will be 200 million passengers a year, at the end

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21 November 2018 News

More Than One Million Apartments Have Been Sold In Turkey Within Just 9 Months

Turkish Minister of Finance Berat Albayrak showed that since the beginning of this year until the end of September 2018, one million and two thousand and 391 apartments were sold. The Turkish minister said that the volume of real estate sales during the year 2018, close to the volume of sales during the last year 2017. He also indicated that the number of apartments sold to foreigners since the beginning of this year and until the end of last September reached 24 thousand and 155

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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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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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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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14 May 2018 News

A Commercial Center for Veiled Clothes and Accessories in Istanbul

Zeruj Port was opened in Istanbul's Zeytinburnu district, it`s a trade center specializing in veiled clothes and accessories, with 126 shops, the first of its kind in the world. During her speech at the opening ceremony, the head of the administrative council of the center thanked all the contributors to this project, which took about five years of preparations. She said also that the center would be a trademark in the Middle East and denied the rumors of preventing men from accessing the

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