Thriving Construction Market in Turkey: A USD 51.64 Billion Growth Story In recent years, Turkey has witnessed a remarkable surge in its construction market, driven by an augmented demand for real estate properties. According to Technavio, a leading market research company, the Thriving Construction Market in Turkey is set to grow by a staggering USD 51.64 billion from 2021 to 2026. Unveiling the...
Turkish Real Estate-100% Surge in Returns Over Two Years Turkish Real Estate-100% Surge in Returns has established itself as a particularly lucrative setting for capital growth, giving investors the chance to double their money in just two years. Residential homes purchased by savvy investors who entered the market in March 2021 saw the value of their holdings soar. This sharp increase in property...
Turkey has emerged as a popular destination for foreign property buyers, and Belgian investors have shown a keen interest. The country's strategic location, rich cultural heritage, and booming economy make it an attractive choice for those looking to invest in real estate. Apart from the alluring lifestyle and diverse landscapes, there are several tax benefits that foreign buyers from Belgium and other...
Benefits of Mortgage Finance for Foreigners Purchasing a Home in Turkey Mortgage Finance for Foreigners provides the simplest financing options for non-Turkish Residents who want to buy a home. Characteristics of Foreigners' Mortgage Finance At reasonable profit and allocation fee rates, a different payment schedule with a maximum duration of 120 months can be created. Up to 75% of the expert...
You may have thought of buying an off-plan property if you're interested in investing in the Turkish real estate market. Let's start by defining an off-plan property. A property that has been purchased off-plan is one that has not yet been built. So, purchasers have a variety of designs and layouts to choose from when choosing a property. You can personalize your property if you purchase off-plan real...
The Progression of the Relaxation of the Rules The Turkish real estate market didn't originally allow international purchasers until 2002. However according to the "reciprocity clause," only inhabitants of nations that granted Turkish citizens reciprocal rights, such as Britain, Germany, and the Netherlands, were permitted to own property, and they were only permitted to do so in a select few zones. The...
In January 2023, 97 thousand 708 properties were sold in Turkey When compared to the same month the year before, the number of properties sold in Turkey climbed by 10.6% in January, reaching 97,708. 17.8% of all properties sold in Turkey came from the 17,415 real estate sales in Istanbul. Both Ankara and Antalya saw total home sales of 8,808 and 5,572, respectively, making them the second and third most...
Current Public Notary Fees 2023 | Power of Attorney Notary Fees The most recent list of notary costs for the year 2023 has been released. Prices for general Power of Attorney (POA) and notarization of property title deeds and automobile transactions are regularly requested in the modern day. This year, 148.50 TL was set as the administrative paperwork charge. The notary public receives 171 TL on the sale...
Foreign Investment in Turkey - Official Figures According to official Turkish statistics, between 2003 and 2017, foreign investment in Turkey grew exponentially. Foreigners bought properties worth 42 billion USD in Turkey. The real estate sector saw a significant increase in interest from foreigners before 2013, when a new law eliminated the need for reciprocal buying rights between nations, making it...
Foreign Direct Investment in Turkish Real Estate Sector In 2011, the total amount of Foreign Direct Investment (FDI) in Turkey's real estate sector was recorded at $200 million, the highest in the past eight quarters. According to "Real Estate Sector in Turkey and the World Second Quarter 2011", foreign investment in the real estate sector had doubled compared to the first half of the same year, reaching...
