In the previous month, the news sources announced that President Recep Tayyip Erdogan and the Presidential Cabinet discussed the property value for citizenship. The changes were according to the rising value of the properties. The amount taken for citizenship had changed and increased. Now it is on the official paper and the decision is signed by Recep Tayyip Erdogan.
The flights to Istanbul are now being resumed by Saudi Arabia after two years of cancelation. The limitations started according to the Covid pandemic procedures almost two years ago. In relation with this, many countries all around the world had their own prevention systems. That inclueded limitations on travelling and cancelations of flights. The only aim was to control it from spreading since it had impact on everything.
The conditions of the Turkish citizenship application will have a change. According to the news, the property value taken for the application for citizenship will be increased. The previous amount was $250.000 and now it has changed and become $400.000.
Turkish Statistical Institute recently revealed the rates of housing sales statistics of March. According to the statistics, housing sales increased 20.6% in March when compared to the same month last year. The sales went up to 137 thousand 170 and Istanbul had the highest share with 17.9% as 23 thousand 974 house sales. Ankara and Izmir followed Istanbul on the sale rates. Ankara had 12 thousand 609 housing sales and Izmir followed the list with 8 thousand 51 house sales.
In the previous months, significant informations and rates were revealed about the housing sales. Now there are new decisions on the VAT exemption, related with foreigners being able to sell houses and workplaces. According to the rates revealed in February by the Turkish Statistical Institute, housing sales to foreigners increased about 54.95% and became 4 thousand 591 when compared to last year’s same month. Now, The Grand National Assembly of Turkey and its committee on planning and budget made changes related to foreigners and their sales of housing and workplace.
The VAT rates for housing had some important changes. But how will these changes affect the housing sector and what are the differences? The answers are as below, but first, let’s remember the applied rates in order to make a comparison.
The residences which have 150 m² net usage area used to have an 18% VAT rate and for the ones below 150m², the rate was 1%. Now with the changes; for houses that are above 150 m², there will be a tax reduction. For the ones below 150 m², there will be partial discounts and also partial raises.
South Korea cancels visa limitations towards Turkey after the pandemic started losing its effect day by day. Due to pandemic precautions, every country had some limitations. Some had preventions while entering the country and some didn’t allow any entrance at all. South Korean government had some precautions too. The one that was related to Turkey wanted Turkish citizens to get a visa that is suitable for their purpose of visit. Of course, the numbers were limited and not everyone was able to enter the country. Apart from some particular reasons and people such as diplomatic or service passport owners the limitations were all set and accurate. The people who wish to travel to South Korea needed to obey the restrictions given by the Korean authorities.
1915 Canakkale Bridge which is one of Turkey’s megaprojects is open to traffic. The grand opening was made with an official ceremony on March 18th. The date is also important since it is the 107th anniversary of the Canakkale Naval victory. The ceremony started with the attendance of President Recep Tayyip Erdogan.
The megaproject started on March 18,2017. For this giant structure, over 5,000 workers were employed. It is the world’s longest midspan suspension bridge by it’s 2023 meter span. That’s why we can call it as a record breaker.
The bridge’s roads divide into three lanes in each direction. It’s design and architectural aspects are not coincidences. The artillery shells are an example to that since they are a tribute to the legendary World War I Battle of Gallipoli.
Turkish Statistical Institute announced the housing rates for February 2022. The last official reveal was on January 2022. According to the official rates, the house sales to foreigners became 4 thousand 591 when compared to February 2021. Also, the sales to foreigners had it’s share of all house sales as 4.7% on the statistics.
The new statistics of housing sales on the official website show that, when compared with the same month last year house sales to foreigners increased up to 54.9%. In Istanbul, the sales reached up to 1 thousand 958 and made the city first on the list. Antalya, with a thousand 99 houses follows the list and then Ankara with 288 houses.
Moreover, when compared to last year’s January-February period, house sales to foreigners reached 55.6% . In other words, as the official numbers tell, it became 8 thousand 777 this year.
Following the entry of the third month of 2022, the rent increase rate in March has been a subject of curiosity. The institute announces the inflation figures at the beginning of every month. Following the declaration of inflation figures, it announces the rent increase rate every month. So, what is the rent increase rate in March 2022? The rent increase rate is the increase in the rental price of the leased property at certain intervals at a certain rate. It is fair to increase the amount of rent according to inflation figures. However, Turkish laws prevent the unreasonable increase of this rate. In other words, the law interferes with the freedom of contract in a way. In February 2022, Consumer Price Index increased by 4.81% compared to the previous month.
Turkey International Airports host millions of people all around the world. In 2021, domestic lines hosted 68 million 711 thousand 173 passengers while Turkey International Airports hosted 59 million 676 thousand 396 passengers. and the total number of passengers increased by 57.4 percent compared to 2020 and reached the figure of 128 million 565 thousand 706. An international airport is an airport where customs offices and an international terminal are located. Those who will fly to other countries can board their planes at these airports. However, international airports can be used for domestic flights as well as international flights. International airports are often much larger than domestic airports. International airport standards are set by IATA and ICAO.
Buying a house for investment purposes is one of the main subjects that people who want to invest in a house often wonder about. Investment houses are the houses that are generally considered to be tenant-guaranteed and provide long-term rental incomes. There are also other properties suitable for investment such as commercial and mixed-use. The location is very important while buying houses for investment purposes. The better the location, the higher the rental income and the higher the rental value of the house. Generally, it will be more advantageous to buy an investment house in regions that are close to transportation networks.
VAT rates in Turkey are changing! Good news for those who want to buy a house in Turkey! There is a recent development about the Turkish real estate sector! Housing prices are falling. In the VAT system in housing, a new model comes into play that will relieve buyers, investors and the sector. According to the new system, there will be a dual VAT system for houses bigger than 150 square meters. Also, 1-8 percent VAT will be applied for up to 150 square meters, and 18 percent VAT will be applied for 5 square meters above.
For example, 80 thousand liras of VAT is paid for a 150 square meter flat of 1 million liras, while 180 thousand liras of VAT is paid for 155 square meters. VAT in housing varies from 1 to 8 percent, depending on the district.
Turkish Statistical Institute has revealed the house sales statistics of Turkey for January 2022. The official institute has announced the figures on its official website. In Turkey, housing sales increased by 25.1% in January 2022 compared to January 2021. Housing sales reached the figure of 88 thousand 306. Istanbul had the highest share with 17.1% and 15 thousand 110 house sales. The second follower city with the most sales was Ankara with 8 thousand 255 house sales with a share of 9.3%. Izmir came after Ankara with 5 thousand 486 house sales with a share of 6.2%. In Turkey, brand-new house sales increased by 22.2% in January 2022 compared to January 2021. It became 27 thousand 203. Besides, brand-new housing sales had a 30.8% share of all house sales in 2022 in Turkey.
Flights from the UAE to Turkey have increased following the important agreements between Turkey and the UAE. The airline company Flydubai has decided to resume flights from the UAE to Turkey. So, Istanbul destinations of Fly Dubai will be Sabiha Gokcen Airport and Istanbul Grand Airport. Flydubai, the airline company of the United Arab Emirates (UAE), has announced that it will resume Sabiha Gokcen Airport flights as of March 2, 2022. According to the announcement on the website of the company, ticket reservations for Sabiha Gokcen Airport will be started again. The company will also operate with five flights a week from Dubai International (DXB) to Sabiha Gokcen Airport (SAW) line.
Yesterday, President Recep Tayyip Erdogan went to Abu Dhabi, the capital of the United Arab Emirates (UAE), for a two-day official visit. Burj Khalifa, Dubai’s iconic skyscraper, lit up with the Turkish flag ahead of Erdogan’s UAE visit. On the first day of the visit, the UAE and Turkey signed 13 agreements including the topics of the defense industry, health, climate change, industry, technology, culture, agriculture, trade, economy, land, maritime transport, disaster management, meteorology and communication. President Erdogan’s visit was also a new step for the rapid development of relations after years of tension. Crown Prince also paid an official visit to Turkey last November.
Get your potential tax identity number for non-citizens in Turkey and start your business as a foreigner. It is significant for non-citizens to know how to get their tax numbers in Turkey. There are 2 ways for this. The first is to go to the tax office in Turkey, and the second is to apply online. Within the scope of COVID-19 measures, you must obtain electronically your potential tax number. However, if you have any problems, you might need to go to the tax offices in person. People who engaged in an income-generating activity in Turkey are subject to taxation. This includes non-citizens who are in Turkey and earn income on their own behalf.
Villas for sale in Istanbul Turkey offer the opportunity to live beyond the dreams while providing lifetime earnings with high return investment opportunities. Istanbul real estate sector is valued with villa housing projects built in the city center or away from the crowds of the city. Unique opportunities are offered to home buyers with a detached house option suitable for every budget and living standard. Buying a villa with a sea or forest view in Turkey is no longer a dream with villas for sale in Istanbul Turkey! If you want to take advantage of luxury living at affordable prices, contact Sale Property Turkey.
Best Investment Migration Real Estate Index 2022 report, jointly prepared by Henley & Partners and Deep Knowledge Analytics, has been announced. According to the report, Turkey ranks 4th among 16 countries! The report which is a first in its field has focused on 16 countries and 345 data points. The study is also based on reputation, quality of life, gross national product, real estate investment amount, potential rental income, property costs, application processing efficiency, real estate holding period, salability, restrictions and crypto-friendliness of the countries. So, Turkey ranks 4th in the general ranking! Turkey ranks 4th because of high scores for its relatively low investment costs and residence requirements.
Export from Turkey to Libya increased by 64.9% in 2021 compared to the previous year and reached the figure of 2 billion 443 million dollars. This figure has been the second-highest export figure to Libya. According to the research conducted by the DEIK Turkey-Libya Business Council from the Turkish Exporters Assembly (TIM) figures, Libya had a share of 1.06% of Turkey’s total exports because of this figure. Exports in December, on the other hand, reached 238.9 million dollars with an increase of 75% compared to the same period of 2020.
Midwood Istanbul Film Studio Complex, which has the distinction of being one of the biggest film sets in Turkey and Europe, will be in Istanbul Buyukcekmece. The project, which has an investment value of 200 million dollars, will also provide employment for 15 thousand people. The countdown has begun for MIDWOOD Istanbul Film Studio Complex, one of the biggest film studios in Turkey and Europe. The project will gather the playmakers of the film industry in the national and international arena under one roof. Preparations for the film set continue at full speed. Firstly, MIDWOOD will host world-famous projects. Secondly, it will be able to provide filming services to 10 film productions at the same time.
Ukraine Turkey sign 8 agreements including Free Trade Agreement on February 3, 2022. President Recep Tayyip Erdogan paid an official visit to Kyiv following the invitation of President Volodymyr Zelensky. Following the meeting between the delegations led by the President of Turkey and the President of Ukraine at the Mariinsky Palace in the capital of Ukraine, 8 agreements were signed. Erdogan also held a press conference after the meeting and said: “I would like to restate that we continue to support the sovereignty and territorial integrity of Ukraine, including Crimea.”
Best holiday destinations in Turkey are the first choice of those who want to spend a luxury holiday at affordable prices. Turkey, which offers thousands of options according to different holiday styles, will allow you to have wonderful experiences. Cultural places to visit, 5-star hotels, camping sites in nature, museums and ancient cities… There are many must-sees in Turkey that we can define as a holiday paradise. Crown your holiday dreams in Turkey with the sea in order to get rid of the busy and stressful life for a little bit. If you want to have peaceful, quiet and economic routes to take a summer vacation in Turkey, take a look at the top holiday destinations in Turkey!
Property taxes in Turkey are determined by the government by taking into consideration the factors such as the location of the property, type, etc. Property tax is a tax paid on property owned by an individual or other legal entities such as a company. Besides, property tax is a real estate ad-valorem tax, which can be considered a regressive tax. No matter if you are a Turkish person or a foreigner, you should pay tax if you have real estate in Turkey. Mostly, the owner of the property pays the property tax. No matter if you are a Turkish person or a foreigner, you should pay tax if you have real estate in Turkey. Mostly, the owner of the property pays the property tax.
Tesla car models and superchargers are coming to Turkey in 2022! The company will install fast-charging stations in 10 different cities of Turkey. In 2022, 4 models will be also offered for sale. Furthermore, Tesla plans to continue its activities in Turkey by completing its entire structuring and establishing the entire service network such as service, maintenance and roadside assistance. As in the rest of the world, the potential for electric vehicles is increasing in Turkey too. Following the impact of the widespread use of charging station points, the Turkish electric vehicle market increased by 237 percent in 2021.
Foreigners coming to Turkey should get a residence permit if they stay longer than visa expiration or visa exemption time or longer than 90 days. Accordingly, obtaining a residence permit in Turkey is mandatory for foreigners who want to stay in Turkey for a while. Therefore, the residence permit allows foreigners who come to Turkey to stay in Turkey for longer periods without benefiting from temporary exemptions. In order to obtain a residence permit, firstly, the foreigner must determine which type of residence permit he/she will apply for. Secondly, he/she has to collect the necessary documents to prove his/her conditions.
Tapu / Turkish title deed indicates the owner of a particular piece of land or an independent section built on the land. The title deed issued by the land registry directorate is an official document that remains valid until proven otherwise. The main legal basis for the acquisition of real estate and limited real rights by foreign natural and legal persons in Turkey is Articles 35 and 36 of the Land Registry Law No. 2644. In line with the authority given in the Land Registry Law, the citizens of the countries determined by the presidency can buy real estate. The title deed fee is paid during the purchase of the real estate. The payers of this fee are the buyer and the seller. Both parties pay the fee at the same rate, but separately.
Expats in Istanbul benefit from the best apps. The word expat comes from the Latin word expatriate. Generally, people who are sent to other countries by the company they work for are called expats. On the other hand, today, the word expat covers everyone who goes abroad. If you decide to live in Istanbul as an expat, the apps will help you a lot. There are many applications to connect with your environment and make your life easier. While ordering your food through an app, you can also pay your bills or even make friends with Turkish dating apps. Apps also help you get used to Turkey. For example, you can get cultural familiarity by visiting museums online.
If you see Atasehir while approaching Istanbul, it means that you are approaching the city center, especially Kadikoy. Atasehir, which has accelerated its development recently, is considered by many people as one of the most livable counties. So, here are important things to know about Atasehir if you think of buying apartments for sale in Atasehir. Atasehir is a district located on the Asian side of Istanbul. Atasehir became a county in 2008 and became one of 14 districts of Istanbul’s Asian side. It is also surrounded by Kadikoy from the southwest, Uskudar to the west, Umraniye to the north, Sancaktepe to the east and Maltepe to the southeast. However, the district does not have a coastline.
Istanbul Finance Center gathers international firms with the capital markets and financial services sectors. Global financial centers are the city regions where institutions with the international competence and capacity necessary to ensure the flow of goods, services, information and capital between the national economies of the countries in which they are located and the other economies of the world are gathered. Besides, global financial centers are very important as they are the source of high-volume financial transactions and innovations. States strive for a region in their own country to become a global financial center. Thus, they try to reach the economic benefits of coming to the fore globally.
Karaman-Konya high-speed train was put into operation last Saturday with the presence of Turkish President Recep Tayyip Erdogan. Turkish President Erdogan paid a visit to Karaman on January 8, 2022, to attend the collective opening ceremony of the completed projects including the Karaman-Konya High-Speed Train Line. President Erdogan delivered a speech addressing the citizens who came to Konya High-Speed Train Meram Station to welcome him. He also made important statements during his speech. There are 21 vehicle underpasses, 20 vehicle overpasses and 15 pedestrian underpasses within the scope of the train project.
The first Islamabad-Istanbul freight train departing from Islamabad reached Ankara within the scope of the ITI Freight Train Project between Pakistan, Iran and Turkey. Minister of Transport and Infrastructure Adil Karaismailoglu attended the welcoming ceremony for the Islamabad-Tehran-Istanbul (ITI) freight train. Representatives from Iran and Pakistan also attended the ceremony at the Historic Ankara Train Station. After highlighting that Turkey broke a record with exports of 225 billion dollars in 2021, the minister also said that Turkey’s share in the world trade volume surpassed 1 percent for the first time in the history of the Turkish Republic.
Swiss Solar AG, a Switzerland-based solar panel manufacturer, has made the announcement to establish a panel factory in Turkey. According to the statement of the company, the facility will initially consist of three separate production lines, each with an annual production capacity of 500 MW. In these production lines, bifacial solar panels with 450 Wp, 500 Wp and 545 Wp power capacity will be produced. The company aims to reach 5 GW of capacity with 10 lines by 2027. Swiss Solar AG aims to increase its production line and panel powers gradually and to have an annual production capacity of 5 GW at its facility in Turkey in 2027.
Commercial flights at Istanbul airports increased by 45 percent during the 11-month period of 2021. The amount of freight transported from 3 airports in Istanbul, on the other hand, increased by 30 percent. During the period of Covid-19, airline companies have suspended flights. Hence, commercial flights have gained more importance all around the world. Because air cargo has always provided fast and easy transportation. Besides, some problems in road and sea transportation for the transportation of goods and products to various points of the world have caused airways to be more popular day by day. Thus, air traffic has gained importance with the measures.
Turkey Student Visa is an entry permit for international students who plan to study in Turkey. You can view the visa procedures, conditions and necessary documents for foreign students in Turkey here. In order to acquire a student visa or residence and work permit in Turkey, you must comply with some conditions. Children under the age of 18 of families benefiting from the Turkish citizenship program directly become Turkish citizens and can study in Turkey without a student visa. Consult our experts for more information about the citizenship program by investment in Turkey, explore our services…
Siro, in partnership with TOGG and Farasis, will produce battery cells and modules in the factory to be established by benefiting from project-based government support. Established with the partnership of Turkey’s Car Joint Venture Group Inc. (TOGG) and Chinese energy giant Farasis, Siro company’s battery cell and module production facility, which will be in Bursa’s Gemlik district will provide employment for approximately 2,200 people. Turkey has taken an important step in the production of car batteries.
Dudullu-Bostanci metro line starts operations in 2022. During the 2020 – 2021 period, IMM restarted the works by using the municipality’s resources. IMM spokesman Murat Ongun finally gave the good news to the people of Istanbul. He said that “When we took over the municipality duty, we continued the works for the line. Before us, 50% of it was completed but the construction was stopped. Trial drives have started again. We are completing under-construction metro lines one by one.” Istanbul Metropolitan Municipality (IMM) started the construction of the Dudullu-Bostanci metro line with 13 stations.
Citizenship in Turkey for Indian is obtained only by purchasing properties with a minimum value of 250,000 USD. Turkish citizenship through investment provides lifetime rights to Indian citizens and is passed on to future generations. Turkish citizenship and Turkish passport are obtained within 5-6 months. As a Turkish citizen, you have full access to different investment opportunities and enjoy the rights and freedoms that the government offers to all citizens.
President Erdogan continued his contacts in Doha where he came to attend the Seventh Meeting of the Supreme Strategic Committee between Turkey and Qatar. President Erdogan paid an official visit to Qatar with a big delegation. 15 agreements between Turkey and Qatar were signed with the participation of two leaders. Before the signs of the agreements, President Erdogan and Al Sani held a tête-à-tête meeting that lasted 2 hours. President Erdogan later visited the Qatari-Turkish Combined Joint Force Command and made statements there.
Global housing price index 2021 is announced by Knight Frank! Three of the top 10 cities in the world where housing prices have increased the most in the last year are in Turkey. Izmir, Istanbul and Ankara are among the top 10 in the research of Knight Frank which is one of the world’s leading independent real estate consultancies. The research has covered 55 countries and 150 cities between the second quarters of 2020 and 2021. While Izmir has ranked second with an increase of 30%, Istanbul ninth with 26.4% and Ankara tenth place with 25.%.
NASA Space Adventure Exhibition will be held in Metropol Istanbul Mall between the dates of December 8-30! Get your tickets now for the NASA Space Adventure Exhibition in which the National Aeronautics and Space Administration (NASA) reflects more than 50 years of space studies and experiences. The business partners of THE WORLD’S BIGGEST MOBILE SPACE EXHIBITION are YapiKredi, ITU Eta Foundation, Doga College, Roketsan, Space Systems T&T Lab, CarrefourSA, Digiturk, Minika, Asymmetric.
Istanbul breaks the tourist record of the last 2 years in October 2021! 1 million 152 thousand 771 tourists visited Istanbul in October 2021. The total number of visitors in the first-10 months of the year was 6 million 982 thousand 691. The number of monthly tourists visiting Istanbul reached 1 million 152 thousand 771 last October. Besides, the number of tourists increased by 116 percent in October compared to the same month of 2020.
GDP growth figures for the third quarter of 2021 increased by 7.4% according to the announcement of the Turkish Statistical Institute. The estimation of Gross Domestic Product by production approach increased by 35.5% in the third quarter of 2021 at current prices compared to the same quarter of the previous year. The figures reach 1 trillion 915 billion 467 million Turkish Liras.
Turkey 2021 real estate purchases by foreign investors increased by 37% according to EVA Real Estate Appraisal Consultancy. The company has analyzed the real estate investments of foreign investors in Turkey in the last two years. Foreign investments in Turkey increased by 37%. The number of transactions increased by 44% compared to the same period of 2020.
Documents required for Turkish Citizenship must be fully submitted in order to acquire citizenship and Turkish passport by investment. Besides, there are some conditions to acquire Turkish citizenship by purchasing real estate. Documents required for Turkish Citizenship by real estate investment….
UAE Crown Prince Mohammed Bin Zayed al Nahyan will visit Turkey to meet with President Recep Tayyip Erdogan. Crown Prince Nahyan is expected to discuss global and regional issues during his official visit to Turkey. The leaders are supposed to meet on November 24 or soon. It is noted that it is the first face-to-face contact between the two leaders after 10 years. The Crown Prince made his last official visit in February 2012.
Turkish delivery company Getir enters the US market! Turkey-based original business model ’10-minute grocery delivery’ already provides services in 7 European countries. Nazim Salur, the Founder of Getir, has made important statements about the new branch in Chicago city which is the third-most populous city in the USA. Speaking at the press conference held for Turkish delivery company Getir entrance the US market, Getir Founder Nazim Salur talked about their plan to launch in the cities of New York and Boston following Chicago.
Turkey passport by investment provides foreign investors with visa-free travel to more than 100 countries, identity cards, strong investment opportunities and residence opportunities as Turkish citizens. Foreign investors get both Turkish citizenship and a strong passport through various investment programs in Turkey. Moreover, obtaining citizenship and passport with investment programs in Turkey is a simple process. Obtaining a Turkish passport, especially through real estate investment, provides both affordable and privileged life opportunities all over the world.
Turkey citizenship for Pakistani is usually acquired by simple investment programs. The Turkish citizenship program is given to the citizens of all countries with the same conditions. The same procedure is applied in accordance with Turkish citizenship laws. Relations between Pakistan and Turkey have strong ties. Turkey and Pakistan are in the position of supporters of each other in international platforms. For this reason, Turkey is the primary choice for Pakistanis and their families who want second citizenship.
Istanbul Grand Airport continues to win awards in the international arena while being the leader among the best airports in Turkey! Istanbul Airport won Europe’s Best Airport and Accessible Airport awards at the 17th ACI Europe Awards in Switzerland in 2021. The awards are annually organized by the Airports Council International (ACI).
Turkey citizenship gives dual citizenship rights to investor, businessmen, anyone who want live in Turkey. Turkey offers foreign investors to acquire citizenship by purchasing real estate. Purchase a property with a minimum value of $250,000 In order to acquire Turkish citizenship. Moreover, the Turkish Government has removed many prerequisites with the amendments made in the legislation. Turkish nationality law has been simplified along with regulations to support the acquisition of Turkish citizenship…
Delivery Company Getir has been maintaining its rapid growth in Europe since the beginning of 2021. Getir, which has started operations in England, Netherlands, Germany, France, Spain and Italy, has added Portugal to the countries it serves. Thus, the number of countries where Getir provides service has reached 8, including Turkey. Delivery Company Getir aims to deliver thousands of products to its customers as soon as possible. The company is an online fast market application.
Apple has officially announced its new store to be opened in Istanbul, Turkey. It is said to be the biggest retail Apple Store in Europe and the Middle East! Moreover, it will be located on Bagdat Street in Kadikoy, one of the most popular districts in Istanbul. New Apple store, which will be located on Bagdat Street, will have the distinction of being the biggest Apple Store in Europe and the Middle East.
Industrial production index is an indicator that provides the status of the sector and the comparative monitoring of the increase or decrease in production activities over the years. The Turkish Statistical Institute (TUIK) monthly announces this index. It covers the mining and quarrying, manufacturing, and electricity, gas, steam, air conditioning production and distribution activities. When we check the previous month’s data of sub-sectors of the industry, in August 2021; the mining and quarrying sector index decreased by 1.7%.
According to the housing sales statistics of the Turkish Statistical Institute, 147 thousand 143 houses were sold in Turkey in September 2021. Housing sales across Turkey increased by 7.6% in September compared to the same month of the previous year. Istanbul had the highest share with 28,229 housing sales and a share of 19.2%. Ankara ranked second with a share of 9.7%. Izmir ranked third with a 6.0% share. The provinces with the lowest housing sales: Sirnak with 78 houses, Ardahan with 41 houses, Hakkari with 14 houses.
Invests in Turkey were the main subject of President Recep Tayyip Erdogan who made a groundbreaking speech at the ceremony of the projects completed in Adana and the Ceyhan Polypropylene Production Plant. Turkish President Erdogan said, “No one who relies on Turkey and invests in Turkey will regret it! On the contrary, investors will always be glad about the great profit they will get. I would like to say once again that we welcome every investor.”
12th Transport and Communication Forum was held at Ataturk Airport in Istanbul European Side. Turkish President Recep Tayyip Erdogan also made a speech. He reaffirmed the trust of the public by highlighting important points related to Turkey’s agenda. At first, Erdogan, of course, made a few statements about the aviation sector in Turkey. He said that “Ataturk Airport continues to host national and international events and competitions.”
1915Canakkale Bridge whose construction was started in 2017 is almost ready! The construction of the bridge that will link Asia and Europe over the Canakkale Strait continues at full speed. The project will be ready on March 18, 2022. Among the investors of the project are important companies such as DL E&C, Limak Group of Companies, SK Engineering & Construction Company, and Yapi Merkezi. 1915Canakkale Bridge will provide several advantages.
Turkish President Recep Tayyip Erdogan officially opened the new Turkevi Center in New York. Turkevi alias Turkish House which is a 171-meter-high structure with 32-stories is right across the UN in Manhattan. The official opening of the Turkish House, whose foundation was laid on September 18, 2017, was held with a ceremony on September 20, 2021.
ITI Container Train alias Istanbul–Tehran–Islamabad Railway will start operation in the coming period. ITI Train which is a project of the Economic Cooperation Organization (ECO) will strengthen the commercial and regional cooperation of Turkey. Ahmet Cengiz Ozdemir, Chairman of the Foreign Economic Relations Board of Turkey-Pakistan Business Council, made statements about the importance of the line. He pointed out that “ITI Train will strengthen triangular trade and make traveling easier.”
Arabic schools in Istanbul offer a wide range of opportunities for Arab families and foreign students from different nationalities. Check out the list of the top 10 most popular Arab schools and different international schools. Read our article listing of Jordanian, Iraqi, Libyan, Lebanon, Yemeni schools and many more. You can find educational institutions demanding different fees, these can be preferred by the children of Arab families or foreign students who have started to live in Turkey…
The education system in Turkey is compulsory for 12 years and is divided into 3 levels. It is compulsory to take 4 years of elementary school, 4 years of secondary school and 4 years of high school education. The education system in Turkey is equal for all men and women. Education in government institutions is free of charge. In our comprehensive education guide…
In this article, you will get find information on how to set up business in Turkey, for foreign capital owners who want to move their business or get into an overseas business partnership, and the process. Cooperation with foreign companies is important in order to adapt to the changing international competition along with globalization rapidly. For foreigners, it is free to set up companies or business partnerships in different fields in Turkey.
Annual export reached 200 billion dollars in Turkey for the first time. Besides, the 2022 export target of 198 billion dollars was already achieved in 2021! There was an increase of 34.5% in exports to neighboring countries in January-August 2021. According to the statement of the Turkish Exporters Assembly (TIM), the highest August figures of all time were recorded in exports to Bulgaria, Iran, Iraq, Syria, Georgia and Greece…
According to the statement of the General Directorate General of Civil Aviation, 3 countries, including Turkey, have been included in the “EU Digital COVID Certificate” system. With the decision published in the Official Journal dated 20 August 2021, the European Union Commission announced the recognition of Covid-19 vaccine certificates of Turkey, Ukraine and Macedonia…
A remarkable meeting was held between UAE National Security Advisor Nahyan and President Erdogan. In the live television broadcasting, President Erdogan was asked questions about relations with the UAE, the significant meeting with the UAE, and diplomatic traffic…
The final decisions on the entry obligations of passengers Turkey travel restrictions after the 1st of July, 2021 have been announced. These decisions have been
The number of foreign investors benefiting from the Turkish Citizenship program, which is offered with real estate investment in Turkey for $250,000, increased by 44%! Compared to the same month of the previous year, the number of foreign investors benefiting from the citizenship program has increased. The increase in 2021 June housing sales figures broke a record with 185%. The interest in buying houses from Turkey of the Gulf and Middle East countries, as well as Europe and the USA, is rising. The countries that have bought the most houses in 2021 were Iraq, Iran, Egypt, and Russia. Sector representatives aim to sell housing to 50 thousand foreigners by the end of 2021.
Bodrum is selected as the 5th best tourism destination in the world by the world-famous American Tourism and Travel guiding company TripAdvisor. When compared to Cote d’Azur or St. Tropez, Bodrum is shown as the ideal combination with its strong reputation and virgin beauties on a global scale. Bodrum is among the Top 10 Tourism Destination…
The ways to get Turkish Citizenship are very fast and easy. Foreign investors who apply to get Turkish Citizenship in 2021 still acquire it quickly and easily online. Knowing some shortcuts to get Turkish Citizenship allows you to obtain citizenship safely without wasting time…
The Turkish Minister of Transport and Infrastructure Karaismailoglu has made statements about the world maritime trade and the Canal Istanbul project at the Turkey Maritime Summit. 80% of world trade is provided by marine transportation. The amount of cargo transported by sea in the world is 12 billion tons…
Turkey has become the country that provided the most liquidity support to its citizens among the G20 emerging economies according to GDP during the Covid-19 pandemic. After leaving the world giants behind, Turkey has become a leader with the liquid support it provides…
Porsche has announced the completion of the first electric charging station network in Turkey! Porsche has stated that it has completed the installation of 100 units of charging stations in Turkey. It is the first car brand that produces charging networks across the country…
All tourism employees in Turkey will be vaccinated in May according to the Ministry of Culture and Tourism statement! The vaccine registration is a system
The completion date of the Istanbul Canal project has been announced. The preparations for the “crazy project” are over in Turkey. A special group works on the project of the century. The project is planned to be put out to tender in June. Also, it will add value to the city with the integration of forest areas, commercial units…
Places to visit in Turkey list will provide different locations for each season! If you wish, you can travel like a Turkish citizen. Find out about the popular cities that are visited by tourists. Which city should be visited in Turkey in the summer? Also, you can take a look at the places visited by both citizens and tourists for winter tourism…
Real estate by bitcoin will enable you to Earn more and faster! The real estate industry in which you can safely use your bitcoins without being impacted by bitcoin fluctuations promises a hot deal recently! Sale Property Turkey, if you buy a residence, you will have a currency exchange office…
Penthouse apartment is the symbol of luxury. It is a marketing term that has recently become popular in real estate. Its traditional use symbolizes that you have the whole floor of the top floor apartment. But if you’re looking for a penthouse recently, you don’t just have to look at the top floor of a residence…
In February 2021, 81,222 units of houses were sold in Turkey. Firstly, 2,964 residential units were sold to foreigners according to the Turkish Statistical Institute. Secondly, regarding the sectoral impacts of the pandemic crisis all over the world, the effect was at a minimum in the housing sector…
The highest mountain in Turkey is known as Mount Ararat or Great Ararat. Mount Ararat is The highest mountain in turkey. Also, it has a height of 5,137 meters. According to the latest research on Mount Ararat, the fossil set on the upper parts reveals some secrets. It was on the seashore in former times!…
South Korean Samsung is a technology giant worldwide. The company has started production in Turkey! Samsung now collaborates with Atmaca Electronics Inc. in Turkey. Moreover, Atmaca Group is the owner of the “Sunny” brand. 3 million mobile phones for the Samsung Galaxy series in Turkey! “Made for everyone”! …
2,675 housing sales to foreigners in Turkey in January 2021! According to the Turkey Statistical Institute data, 70,587 housings were sold in the early part of 2021. Firstly, Istanbul is the city with the highest share in housing sales… Secondly, Ankara and Izmir are the following cities. Besides, Iranian citizens still constituted a majority in terms of housing sales in January 2021…
Turkey carries on the studies for the biggest optical infrared telescope. Most importantly, it will be a first in Turkey! Turkey Space Agency has pointed the first week of February through its Twitter account. Furthermore, President Erdogan made a statement on February 9!…
Turkish properties which have become popular for foreign investors, attract global attention as being powerful investment instruments. In the statement of the Head of the International Real Estate Promotion Association, 45% of foreign nationals buy housing for only investment purposes in Turkey. Also, it is targeted to housing sales Turkey over 15 billion USD in 2023 according to the statements.
The Organization for Economic Cooperation and Development (OECD) on Thursday upgraded Turkey’s growth forecast for 2020. In its latest economic survey of Turkey, the organization found that “the Turkish economy’s recovery from the first wave of the pandemic was strong but faced headwinds.” It said the country’s growth forecast rate is estimated to have declined by 0.2% in 2020 instead of 1.3% as previously expected.
There are successful pilot runs of instant retail payments through the FAST System! The Central Bank of the Republic of Turkey has made a statement concerning this issue. The systems of digital economy 24/7 instant retail payment will be operational as of the date of January 8.
The new year has begun, what happened in addition to the crises and adverse events in the year 2020? All over the world, people have only one question in their minds. Will disasters continue in 2021? Let’s corroborate the predictions for 2021. Let’s take a brief look at what happened behind the scenes of the pandemic crisis.
According to a statement of the UK Ministry of Trade, after Brexit, the first free trade agreement will be signed with Turkey today. Following the trade agreements between EU countries. Free Trade Agreement will provide new opportunities regarding the relationship between Turkey and the UK. Also, affiliations will be better while maintaining the current trading conditions…
Gubretas mine site in Turkey, 3.5 million ounces of gold reserves were discovered and then rapidly operations in progress! After the discovery of the 3.5-million-ounce gold reserve in the Gubretas mine site, the share value increased by 10%! Following the announcement of the reserve discovery, the shared values of Gubretas hit a peak.
The Eurasia Tunnel has won an award in the “Service and Solution” category within the scope of the “International Innovation Award”. The Tunnel has won the 13th International Award with its Pacemaker Technology. Also, the Ministry of Transport and Infrastructure has made a statement about the award. According to the statement, it is an ‘engineering wonder’ tunnel which is one of the most important transportation routes linking the two sides of Istanbul…
After the pandemic crisis, UAE – Turkey flights will resume. So, there are flight plans between UAE and Turkey. According to the announcements, the flights will resume on December 21st. After the pandemic crisis, flights between the United Arab Emirates and Turkey were mutually suspended. On the other hand, the flights will resume after a long time…
The Turkish economy has distinguished as having the greatest growth of the economy in the third quarter of 2020. The Turkish economy has achieved a growth of 6.7% due to the pandemic crisis and the base effect of slow growth in the previous year. Turkey Statistical Institute has announced that there was an economic growth of 4.4% in the first quarter of 2020. The Gross Domestic Product (GDP) has grown by 6.7% in the third quarter of 2020 in Turkey…
The first export freight train sets out from Turkey to China. The commercial affairs between the two countries will be better thanks to the new routes. The freight train which is planned to reach China through Marmaray will arrive in China after 12 days…
Qatar and Turkey have entered into an agreement that has 10 important strategic articles. Turkey and Qatar hold the sixth High Strategic Committee meeting in 2014. Following the first strategic agreement between Turkey and Qatar in 2015, the volume of trade between Turkey and Qatar has reached $ 1.6 billion…
Housing sales to foreigners gain momentum with each passing day and adds value to housing investment. The housing sales worth 52 billion dollars creates strong movements in the housing sector since 2006. This strengthening in Turkey in the last 15 years paves the way for the different steps in the Turkish real estate sector. Turkey gets great demand with foreign citizenship program in the Turkey real estate sector…
EFT 24/7 Through Money Transfer With the FAST system that reinforces the digital transformation, there will be no difference between EFT…
Turkish citizenship by real estate investment program is to purchase property to get Turkish Citizenship by paying a minimum of 250.000 USD. You will make a lifelong profit with real estate investment. The foreigners will have the right for citizenship with their family in 6 months…
Without a doubt, Turkey Istanbul has become the medical tourism capital of the modern world with aesthetic Clinics in Istanbul. Offering the latest technological advances, experienced and also expert physicians and surgeons and the very best in patient care, Medical Tourism in Istanbul Turkey for Skin Care is flourishing and has secured her place in the world as a premier medical travel destination. Also, here is the Top 5 Aesthetic Clinics in Istanbul…
Turkish Cargo is the fastest-growing air cargo brand in Turkey. Furthermore, the brand has won the “The Best European Cargo Airline” award by considering innovation,
Turkey gold reserves 2020 meets the domestic gold demand. It has been announced that there are new reserves! According to the announcement of TMSF (Savings Deposit Fund), the basis of the mining plant will be laid in Agri in March-April 2021.
Housing sales in Turkey 2020 data show that Iran comes first among nations benefiting from the Turkish Citizenship program and real estate investments in Turkey. Let’s examine which nations have reached the highest figures in real estate sales in Turkey…
Mahmutbey-Mecidiyekoy M7 metro line is put into operation at 14.00 on the 28th of October which is today. The length of Mahmutbey-Mecidiyekoy metro line is 18 km. With a capacity of 70,000 people in one direction per hour!
The total line length of the metro station is 43 km! The opening of the metro line is vital in terms of transportation between Mahmutbey and Mecidiyekoy. Following examination of the details of the metro line, you will feel the magical atmosphere of Istanbul!
HES Code Turkey is compulsory within the measures taken by the Turkish Ministry of Health. For the prevention of the spread of COVID-19 disease. With the negative impacts of the pandemic crisis, there are many questions such as ”What does the HES application do?” or ”How do I get it?”
Residence permit Turkey has certain conditions and required documents. According to the 2021 regulations, foreigners’ entrances into, staying in, and exits from Turkey are determined by the laws. In the permit process, the procedures and principles will be valid for the whole rights of foreigners. All implementations and procedures of the residence permit depend on the in-country period. So, we will examine the conditions and necessary documents for the residence permit. You can get information from our professional real estate consultants.
Turkey planned to gradually increase the number of international flights operated by Turkish Airlines to 99 countries. You can reach detailed information about the flight
Buying Property In Turkey And Guide For Foreigners. This guide is prepared to help foreigners who wish to buy property in Turkey. However, this guide is not a substitute for professional consultancy services. Persons with foreign nationality can buy any kind of property (house, business place, land, and field) within the legal restrictions…