Istanbul, a giant city with historical and cultural resources and enormous business opportunities is challenging world giants such as Moscow, Paris, London, Tokyo, New York and many more. Istanbul was described as the most promising place for real estate investments in 2012. The number of modern shopping centers increased from 44 to 284 between 2000 and 2011.Turkey, as a regional hub providing easy access t ...

Turkey is considered to be one of the most promising real estate markets in Europe. It is now reported that Turkey has started to issue residence permits for foreigners who buy homes in this country. This right to obtain residence permit is granted regardless of the price of the property acquired. Turkey has recently revised the law governing residency rules and regulations for foreigners buying homes in Tu ...

Turkey which has been on an upward trend for past several years is observed to have shown the same positive performance in the real estate sector as well. Indeed, a report released by Ernst & Young has ranked Turkey the second most attractive market for real estate investors. The report with title The "European Real Estate Assets Investment Trend Indicator 2013" says 40 percent of the participants in a ...

It was reported Turkey's Environment and Urbanization Ministry that 10,687 real estate properties in Turkey had been bought by foreigners in 9 months. This was said to be due to the new arrangement in Turkish reciprocity law. Among those foreigners Germans had purchased most of the real estates in Turkey followed by British and Austrian nationals. The report said German citizens had purchased 2,557 real est ...

Russian and Middle Eastern investors are being lured to Istanbul to buy luxury real estate now that property laws have been relaxed, the economy is strong, prices are relatively cheap in comparison and Turkey is viewed as a safe haven A new wave of wealthy investors from the Middle East and Russia is increasingly eyeing luxury developments in bustling Istanbul, lured by a relaxation in property laws, relati ...

The New York Times covers real estate sector in Turkey The long awaited reciprocity law which was passed through Turkish Parliament and the resulting flurry of activity in the real estate market were widely covered by The New York Times in an article entitled "House Hunting in Turkey.” Stating that the residents from more than 110 countries can buy property in Turkey, the article says that many new prospect ...

Turkey expects a great foreign interest in its estate market thanks to a new code. Still, neighboring countries may have lower chances due to a bunch of restrictions Citizens of Syria, Armenia and North Korea are not allowed to acquire any real property, including residential or business property or land, in Turkey, under a recently announced reciprocity regulation, which also prohibits Greek citizens from ...

Down below are the final details on Turkey’s reciprocity law, which is expected to bring in 300 billion dollars in foreign capital over the next ten years. The following is the road map to which countries nationals are allowed to buy property and under what conditions. What the actual regulations will be in the new real estate reciprocity law passed by Turkey's Grand National Assembly in May depends on a li ...

With the new Reciprocity Law, the issue of Arab investors requiring residence permission will also soon be solved. According to Minister of Environment and Urban Planning Bayraktar, the sector “will affect the obtaining of visas”.The government will soon be initiating a new regulation geared towards facilitating the stays of Arab investors who have begun purchasing homes and property. Along with the new Rec ...

Real estate summit to showcase investment opportunities in Turkey Dünya - Turkey’s recent passing of the law that eases the restrictions on property purchases by foreigners has turned keen eyes on the country’s booming property sector. A large group of investors and businesspeople from Gulf countries and Southeast Asia will be attending the Turkish Real Estate Summit 12 and ISTANBUL REstate Real Estate and ...

Coasts await foreign buyers Due to a major shift in Turkish law that regulates land sales to foreigners, more buyers and tourists from the US, Gulf and Arab nations are expected. An official ad campaign may also help boost land sales and tourism With the approval of new legislation last week regulating the sale of Turkish land to foreigners, tourism centers like Alanya, Didim, Fethiye and Kuşadası have rece ...

The Turkish Parliament has passed the long-awaited draft bill that eases the restrictions on property purchases by foreigners. The lifting of the reciprocity principle enables the citizens of Central Asian, Middle Eastern and other surrounding countries to own real estate in Turkey. The reciprocity principle, in effect up until the adoption of the new bill, only allowed citizens of certain countries that ha ...

The Trump group is willing to invest in a further real estate business with Turkey’s Doğan Holding, Donald Trump, head of the group, says as he tours the newly finalized Trump Towers Mall project in central Istanbul The Trump Organization is interested in engaging in new real estate projects with Turkey’s Doğan Holding, as well as a separate plan to take its Trump Hotel Collection business to Turkey, accord ...

Parliaments’s Justice Commission agrees to reinstate a 10 percent limit on foreign ownership of land in a single district as members of the ruling party succumb to objections A parliamentary commission discusses a draft on foreign ownership of land.The ruling Justice and Development Party (AKP) has agreed to reinstate a 10 percent limit on foreign ownership of land in a single district, during discussions a ...

Foreigners looking to purchase real estate in Turkey tend to pick coastal regions known for their warm weather and sandy beaches, according to data from Turkey’s Land Registry Directorate. Antalya, one of the most preferred holiday destinations in the Mediterranean, has proven popular with Germans, while the majority of Britons have chosen Mugla, another tourist hotspot, either to settle down or to make a w ...

Residential sales in Istanbul are steadily increasing as more foreign nationals and firms migrate to Istanbul, Turkey’s financial and cultural center. More foreign nationals and firms generating prospects for strong demand and urban transformation projects are causing an increase in home sales in Istanbul, according to a monthly report issued by a construction association. “The prospect of projects aiming t ...

PROPERTY FOR SALE: Newly built summerhouse (villa) at Akarca (Seferihisar/Izmir) - CODE 111227-1 DETAILS: 100 square meters very close to the sea, with garden PRICE: 180.000 TL  (95.238 USD / 72.874 EUR / 60.811 POUND) AKARCA is within the boundaries of SEFERIHISAR town, a CITTASLOW (slow city). It lies on a beautiful bay about 50 kms to the west of Izmir, one of the biggest cities of  Turkey with all moder ...

PROPERTY FOR SALE: Precious piece of land at SIGACIK DETAILS: 550 square meters with construction permit and suitable  for housing PRICE: 155.000 Turkish Liras SIGACIK is within the boundaries of SEFERIHISAR town, a CITTASLOW (slow city). It lies on a beautiful bay about 50 kms to the west of Izmir, one of the biggest cities of  Turkey with all modern facilities. Today SIGACIK is a most magnificient place t ...

Istanbul, a giant city challenging world giants such as Moscow, Paris, London, Tokyo, New York and many more, was described as the most promising place for real estate investments in 2012 in a study conducted with hundreds of expert administrators. It is indeed so as the country has a remarkably strong economic growth (is spite of global crisis) and the city has a young and energetic population hungry for “ ...

Foreign investments in the real estate sector in Turkey have reached 2 billion U.S. dollars in 2011. According to data from International Direct Investment Bulletin gathered by AA correspondent, Turkey attracted 15.7 billion U.S. dollars of foreign direct investment in 2011. Flow of foreign direct investment in Turkey has increased 74 percent between January and December 2011 when compared to the same perio ...

Demand for villas by the Bosphorus in Istanbul skyrockets. Interest from foreigners in real estate sector in Turkey has substantially increased in the recent years. Strategic location, cultural wealth and similar characteristics of Turkey have truly contributed to this situation. How does the situation for Turkey look like in 2012? It seems that 2012 is going to be a difficult year for the real estate secto ...

PROPERTY FOR SALE: Precious piece of land at SIGACIK DETAILS: 370 m2 with construction permit and suitable  for housing PRICE: 55.000 Turkish Liras (29.570 USD / 23.207 EUR / 19.164 POUND) SIGACIK is within the boundaries of SEFERIHISAR town, a CITTASLOW (slow city). It lies on a beautiful bay about 50 kms to the west of Izmir, one of the biggest cities of  Turkey with all modern facilities. Today SIGACIK i ...

Turkey tops the table of the most improved country in real estate transparency for 2010, according to a report by Jones Lang LaSalle and LaSalle Investment Management. The two organizations released the “2010 Global Commercial Real Estate Transparency Index” on Thursday. Since the last index was released two years ago, Turkey has moved up 27 positions in the rankings and improved more than any of the 81 oth ...