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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

Turkey flies above turbulence of EU Referendum

Turkey’s omission from the European Union together with its bullish economy and buoyant property market should make it an attractive destination to foreign investors both before and after the EU Referendum, said Spot Blue International Property in June, adding that Istanbul remains the country’s key investment hub. “Whatever the outcome...

Posted on 22 June 2016

Turkey’s new super highway and Marmara Sea bridge set to boost Bursa property market

The Turkish city of Bursa, including its coastal suburbs, is gearing up to become a property hot spot, following the completion and imminent opening of a landmark road bridge over the Marmara Sea, which will drastically cut journey times to Istanbul, said Spot Blue International Property in May 2016. Bursa,...

Posted on 31 May 2016

Turkish Airlines sponsors Euro 2016 and aims for new heights in 2016

Official Airline Partner to football’s Euro 2016, more flights to the Middle East and Americas, and projected capacity growth of 21 per cent in 2016 – Turkish Airlines would appear to be on target for achieving its goal of becoming the world’s number one airline. To celebrate Euro 2016 this summer,...

Posted on 15 May 2016

More cranes break Turkey’s horizon as its construction sector keeps growing

Turkey’s appetite for building new homes is showing no signs of slowing down, according to recent figures by the Turkish Statistical Institute (TURKSTAT), which show the construction sector grew its turnover by 4.5 per cent in the last quarter of 2015 compared to the previous quarter. Year-on-year, this growth rises...

Posted on 28 April 2016

Istanbul flying high as one of the world’s busiest air hubs

Turkey is now home to the eleventh busiest airport in the world, according to new statistics by the Airports Council International (ACI). The ACI’s preliminary passenger traffic results for the most-travelled airports in 2015 show that Istanbul’s Ataturk Airport has got busier, moving to 11th position from 13th the year before....

Posted on 21 April 2016

Cities in Turkey among world’s best for capital appreciation

Three Turkish cities are among the world’s 20 highest performing cities in terms of house price growth, including Istanbul ranked third, according to a new report by a leading international real estate consultancy. Property prices in Istanbul grew by 25 per cent between Q4 2014 and Q4 2015, according to...

Posted on 21 April 2016

Resilient Turkish economy is 3rd strongest in G20 and bodes well for investors

Turkey’s economy is outperforming the expectations of international financial institutions and remains one of the fastest growing members of the G20 – news that will be welcomed by foreign investors there in 2016. Data from the Turkish Statistical Institute (TurkStat) released at the end of March showed that of all...

Posted on 18 April 2016

Istanbul drives sales in February, with signs of interest in Altinkum and Aydin

The number of Turkish properties purchased by foreigners surged by 15.8 per cent year-on-year in February, according to the latest figures from the Turkish Statistical Institute (TurkStat). In total, foreigners bought 1,585 that month compared with 1,369 in the same month in 2015, with Istanbul attracting the largest share of...

Posted on 05 April 2016