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...
Real estate notary sales are now possible in Turkey. According to new legislation, Turkish notaries may now handle real estate transactions in addition to working with land registry offices. An important part of the Turkish economy is the real estate industry. It accounts for around three million of the 15 million transactions that Turkey's land register offices handle annually. Yet, the increased...
Ideal Estates Opening is Feature Article in the Album Magazine https://www.magazinalbum.com/ideal-estate-yeni-ofisini-acti/ Translation of Article: INTRODUCTION AND OPENING OF IDEAL ESTATES Ideal Real Estate, a prominent player in the Real Estate and Construction sector in Alanya and its surrounding areas for the past 25 years under the brand Ideal Real Estate, has now rebranded as IDEAL ESTATES. The...
Antalya, Turkey’s popular holiday destination, has already welcomed over 1 million foreign tourists, as reported by "Hurriyet Daily News." The province is aiming to host 17 million foreign tourists this year, and the governor Ersin Yazıcı confirmed that Russians make up the largest group of visitors, accounting for 30 per cent of all visitors. Germans came in second at 24 percent, followed by...
About Alanya Gazipasa International Airport (GZP) Alanya Gazipasa International Airport (GZP) is the secondary airport of the city of Antalya, which welcomed around 20 million visitors in 2022. More than 25% of Antalya’s visitors have actually vacationed in Alanya. Due to the remote location of the existing Antalya Airport to major tourist destinations in Alanya, the development and operation of the...
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...
Rental Revenues Individuals' net rental income is liable to income tax at progressive rates. Nonetheless, a specific threshold amount is free from taxation if the property is rented out as a residence. Either the lump sum approach or the actual deduction method can be used to work out net rental revenue. The actual deduction method subtracts actual costs from the gross rental income, including...
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...
