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Dip in foreign sales in 2016 fails to dampen Turkish market as a whole

Turkey recorded more property sales in 2016 than in 2015, according to the latest figures from the Turkish Statistical Institute, signalling an ongoing strength in the market. Looking closer, house sales in Turkey increased four per cent year-on-year in 2016, reaching 1.34 million. Unsurprisingly, Istanbul attracted the highest share of...

Posted on 13 February 2017

Why Turkey’s ‘Golden Visa’ scheme could be a boost for its foreign property market

Turkey’s real estate market is poised for a turnaround in international sales this year, thanks to a new citizenship law for foreign investors, said Spot Blue International Property in January, adding that the weakness of the Turkish lira will add to the appeal of investing in Turkish property. Foreigners who...

Posted on 24 January 2017

Turkey woos Azerbaijani investors and calls for $5billion citizenship incentive

Offering citizenship to non-Turks who buy homes in Turkey should double the value of the country’s foreign real estate market, according to property companies who attended a recent exhibition in Azerbaijan. Around 23,000 properties valued at circa $5billion were sold to foreigners in Turkey during 2015, however property firms who...

Posted on 14 December 2016

Turkish citizenship for foreign investors as IAC meeting hailed a success

Foreigners who have invested in Turkey and meet certain conditions could soon be eligible for Turkish citizenship. Under a new scheme announced by Turkey’s Deputy Prime Minister Numan Kurtulmus in November, non-nationals who have made investments of a certain value in property and other fixed assets could become a Turkish...

Posted on 15 November 2016

Turkey’s domestic property market shows resilience during September

House sales in Turkey increased by 17.8 per cent in September compared with the same month last year, according to the latest Turkish Statistical Institute (TurkStat) report. Sales to foreign buyers fell by 27.8 per cent year-on-year in September, but compared to the previous month the fall was just 15...

Posted on 27 October 2016

Signs of turnaround in Turkish market after summer of unrest

Confidence is returning to Turkey’s property market after the drop-off caused by the failed July coup, said Spot Blue International Property in October, adding that house sales rose strongly in August compared to the previous month, spearheaded by Istanbul and popular tourist resorts. New figures from the Turkish Statistical Institute...

Posted on 10 October 2016

UK and USA reiterate valued trade partnerships with Turkey

Turkey’s status as a global investment destination received a boost this month, after the country was endorsed by both the UK and USA. The first seal of approval came when British Foreign Secretary Boris Johnson used his first official visit to the country to underline the strong relationship between the...

Posted on 28 September 2016

Turkey tops the global rankings for house price growth in first half of 2016

Two independent surveys have confirmed Turkey’s property market as one of the best performing in the world during the second quarter (Q2) of 2016. Turkey topped Knight Frank’s Global House Price Index for Q2 2016, boasting house price growth of 13.9 per cent between Q2 2015 and Q2 2016. In...

Posted on 21 September 2016

Positive changes to Turkey’s residency permit rules

Turkey’s Directorate General of Migration Management (DGMM) this month has introduced changes to rules governing residency rights and permits for foreigners, addressing concerns previously raised by British and other non-Turkish residents and making it easier for foreigners to live there. The first significant change is that foreign residents can now apply for residence...

Posted on 19 August 2016

Turkish Airlines rises above the competition as a world-class carrier

Turkey’s efforts to become one of the best connected countries in the world offering travellers a world-class airline were rewarded this week when national carrier Turkish Airlines was named best “Best Airline in Europe” for the sixth consecutive year at the highly acclaimed 2016 Skytrax World Airlines Awards. This on-going...

Posted on 13 July 2016