Turkey's Economic Fortunes Brighten: Fitch Ratings has upgraded Turkey on Tighter Monetary Policies In a significant turn of events, Fitch Ratings has upgraded Turkey long-term foreign currency issuer default rating from "B" to "B+." This upward revision comes as a result of the country's proactive stance on monetary policy, aimed at reining in inflationary pressures. Fitch's decision underscores the...
A First-Time Buyer's Guide to the Alanya Property Market Alanya, a beautiful city on Turkey's southern coast, is known for its turquoise waters of the Mediterranean, captivating historical sites, and vibrant cultural scene. However, navigating the property market in a new country can be overwhelming for first-time buyers. But no need to worry, our comprehensive first-time buyer's guide to the Alanya...
Post-Pandemic Property Trends in Turkey: A Shift Towards Space, Comfort, and Investment The COVID-19 pandemic fundamentally altered the way we live, work, and interact with the world. This impact extended far beyond public health, significantly influencing the global property market, including Turkey's dynamic landscape. Let's delve into the post-pandemic property trends in Turkey, exploring how buyer...
Turkey Attracts Over $10 Billion in Foreign Investment Despite Global Slowdown Exciting news for Turkey! The Central Bank of the Republic of Türkiye (CBRT) has announced a significant increase in foreign direct investment (FDI) in 2023, Turkey Attracts Over $10 Billion in Foreign Investment. This is a positive indication for the Turkish economy, particularly given the current global climate of decreasing...
Turkey Ranks 3rd among Russians' Housing Preferences! Russia's interest in Turkish properties has become more prominent in the global real estate market. According to official data from Yandex Nedvijimost, Turkey Ranks 3rd among Russians as the preferred location for housing. This finding is part of a larger study that examines the countries where Russian nationals are actively searching for...
Turkey's Economic Renaissance from JP Morgans Perspective In a recent investor meeting hosted by JP Morgan, Stefan Weiler, the Head of Central & Eastern Europe, Middle East, and Africa (CEEMEA) debt capital markets, shed light on the growing interest from the global investor community in Turkey. The shift in sentiment is attributed to significant changes in macroeconomic policies and a notable...
2024's Prime 4 Best Real Estate Investment Locations In the dynamic landscape of the 2024 Turkish real estate market, investors have spotlighted four cities for their burgeoning property investments Istanbul, Izmir, Muğla, and Alanya are witnessing increased attention from both local and international investors. The rise in housing prices, particularly in touristic areas like Alanya, one of the best real...
Turkish Contractors Shine Globally: A $501.9 Billion Milestone Turkish contractors have made an indelible mark on the global construction landscape, undertaking projects worth an astonishing $501.9 billion since 1972. After a challenging 2022, the year 2023 saw a remarkable resurgence, culminating in contracts totaling $27.392 billion in December alone. Let us delve into how Turkish contractors shine...
Turkey's Investment Office: Paving the Way for Global Business Ventures The Investment Office of the Presidency of the Republic of Turkey stands as the official entity dedicated to showcasing Turkey's investment potential to the global business community. Operating under the direct purview of the President, Turkey's Investment Office plays a pivotal role in promoting and supporting investments that...
Turkey's Economic Triumph: Turkey Achieves Record Export Figures In a momentous announcement, Turkish President Erdoğan heralded a historic achievement for Turkey's economy, unveiling a remarkable surge in exports that reached a staggering USD 255.8 billion, remarking that Turkey achieves record export figures. This 0.6 percent year-on-year increase not only sets a new record but also showcases the...
