FAQ
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The record-reaching historic high growth of the euro and dollar in comparison with the Turkish lira, as well as the luxury residential projects built after the outbreak of the pandemic caused an explosive demand for housing from foreigners, as we have recently told. In 2021, analysts hope that a sales record of residential real estate to investors...
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Much information is available, depicting Turkey as one of the world’s most popular destinations to visit and relocate to. The country is among the top ten leaders in the world in this category, and there are many reasons why the country is so attractive to foreigners. But, who are these migrants, how many of them are there, and which nationalities...
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A dual-citizenship is not only a bonus for an investor with access to many benefits of living in another country but is also an effective investment tool. From this point of view, we want to consider citizenship in Turkey, the conditions, and the process of obtaining it. Content: Benefits of Turkish citizenship A residency is an option for...
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Each country has its own rules for issuing visas and citizenship, benefits, and the difference between them. There is a legal gap between residence and citizenship, the difference between them is nominal, and foreign nationals are not usually permitted to have citizenship at all, only resident cards. Turkey, of course, has its own position on this...
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The Turkish tax system is simple. It is available to all categories of the population. It is unified. Only the amounts of money taken from individuals vary. All taxes can be divided into three categories; direct income taxes, indirect taxes, and social taxes (the wealth tax goes into the social security system). This article will also discuss...
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This article is devoted to the rights of ex-pats who want to move to Turkey. We offer you an opportunity to become acquainted with your rights in healthcare and social security. We will inform you of your options when looking for a job, as well as how to buy real estate and how this can lead you to obtain a resident visa or citizenship. We...
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TÜIK recently published housing sales statistics for August 2021. The number of residential real estate transactions amounted to 141,400 units. Content: Record number of transactions with foreigners Foreigners bought about 10% of housing in Istanbul and 18% in Antalya 34,000 transactions after lowering the threshold of instant...
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The excessive and unapproved construction community’s increase in rent for housing has recently caused controversy and remains the main news on the agenda. In megacities, the situation is controversial; in Istanbul and remote areas, rates have increased from 30% to 70% over the year. Is there a limit to this? Content: There are 3 main reasons...
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Despite the ongoing global economic crisis, the real estate sector in Turkey has revived in recent months. It is rapidly increasing in both pace and volume. Moreover, in some situations, the pandemic even created some positive outcomes; it has directed buyers to more spacious and comfortable properties such as houses. Besides this, it has updated...
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In a cite (private residential complexes), there are many common areas. Additionally, how exactly they should be shared is often controversial between apartment owners. Many are dissatisfied with how neighbors decide where theirs and someone else's spaces are. Moreover, it is not the owners and their family members who cross the border of "mine...
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