News and articles
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Today, we will discuss the investment appeal of three provinces located near Istanbul. Furthermore, it is experiencing consistent growth, with lower prices and easier access to residence permits, as there are numerous immigrants in these areas. Content: Canakkale Information regarding June 2024's conclusion Bursa Information regarding June...
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Analysts identified the provinces in Turkey where foreigners had bought the highest amount of real estate from January to June. These are the capital cities of the different regions. They are more likely to maintain their leadership position by the end of the year — the odds of this are definitely in their favour. The number of housing units sold...
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The first half of 2024 has come to an end. Let's discuss some significant adjustments in rules, regulations and decrees for residential property in Turkey. Content: Citizenship for investment Submission of documents for residence permit Security of transactions Renting Housing taxes Life in Turkey: Some aspects Citizenship for...
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2023 was a challenging year for the Turkish economy. The country faced numerous difficulties: rising inflation, fluctuations in the national currency exchange rate, and the aftermath of the February earthquake. However, in April, the International Monetary Fund published a forecast predicting Turkey's GDP growth to be 31% in 2024. The country...
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With the start of the summer season, investor focus has partly shifted back to resort towns, which is not surprising. Let's discuss what makes the province of Muğla interesting, where several large and small resorts are located. The location is in the southwest of Turkey, on the shores of the Mediterranean and Aegean Seas. It is considered the...
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Content: Mortgage transactions: 9,909 Other transaction categories: 100,679 Primary housing sales: 35,558 Secondary housng sales: 75,030 Sales to foreigners: 2,064 According to official data from the Turkish Statistical Institute (TÜIK), housing sales in May 2024 decreased by 24% compared to the previous year, totaling 110,588 units. The...
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Bodrum is one of the resorts on the Aegean coast in Muğla province, alongside Marmaris, Fethiye, Göcek, Ölüdeniz, and some other tourist spots. However, the peninsula where Bodrum is located is particularly renowned for its comfortable climate, stunning landscapes, and abundance of opportunities for elite recreation — hence its comparison to the...
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Previously not-so-sought-after Ankara is rapidly becoming more expensive in terms of property prices. At the same time, the cost of services, food and other items here is often lower than in Istanbul or popular resorts. Thanks to this, the capital can be considered a good investment destination despite its distance from the coastline. Nevertheless,...
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For many years, affluent Turks and wealthy investors from various countries, including world celebrities, have chosen Bodrum resort and its surroundings to buy summer residences. Property in Turkey offered here is costly, as it is on average in the province of Mugla, to which the location belongs. However, the rental rates for the holiday period...
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As per data released by the Turkish Statistical Institute, housing sales to foreigners in 2023 fell 48.1% year-on-year to 30,005 units. This is the lowest figure in 6 years, since 2017. The share of foreign buyers in total transactions, which was 4.5% in 2022 (sometimes averaging as high as 5%), fell to 2.9% in 2023. The 'net' inflow of foreign...
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