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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

Gulf States continue to drive Turkish market, while UK confirms long-term trade commitment

July’s failed coup appears to have done little to dampen long-term foreign interest in Turkey, after representatives from the Turkish Chambers of Commerce in the UK (TBCCI) expressed their on-going confidence in Turkey, while interest from Gulf nations continues to drive the Turkish property market. Chairman of TBCCI, Emma Edhem,...

Posted on 02 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

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