Turkish Economy

When will the April 2025 Rental Increase Rate Be Announced? As of April 1, 2025, both landlords and tenants in Turkey are keenly awaiting the announcement of the April 2025 rental increase rate. The April 2025 rental increase rate, determined by the Turkish Statistical Institute (TÜİK), is based on the 12-month average of the Consumer Price Index (CPI) and serves as the maximum allowable rent hike...

Exploring Turkey’s Ambitious Reform Agenda for 2025-2027: Shaping the Future Economy, Investment Climate, and Global Standing As Turkey embarks on Turkey’s Ambitious Reform Agenda for 2025-2027, the country is positioning itself to become a more resilient, innovative, and sustainable economy. This multi-faceted reform plan targets economic modernization, social progress, and environmental...

Turkey’s Foreign Direct Investment Surges to $11.3 Billion in 2024, Defying Global Decline Turkey has once again solidified its position as a prime destination for foreign direct investment (FDI) in 2024, attracting an impressive USD 11.3 billion in inflows. According to the Central Bank of the Republic of Turkey (CBRT), this represents a 5.6% year-on-year increase, defying global economic...

Turkey's 2025 Rental Income Tax, Regulations and Deadlines As of March 1, 2025, Turkey has commenced its annual tax return period for property owners earning rental income. This period extends until April 2, 2025, adjusted to accommodate public holidays on March 31 and April 1. Understanding the intricacies of Turkey's 2025 Rental Income Tax is crucial for property owners to ensure compliance and avoid...

Turkish Property Sales Rise in 2024 as Interest Rates Drop The Turkish real estate market experienced a significant rebound, as Turkish property sales rise in 2024 due to favorable interest rate cuts and rising market demand. Residential property sales rose by 20%, driven by lower borrowing costs and increasing investor confidence. With further interest rate reductions anticipated in 2025, Turkey’s...

Turkey Lowers Interest Rates by 250 Basis Points Turkey’s central bank has announced a significant 250 basis-point reduction in its benchmark interest rate, bringing it down to 45%. This decision by Turkey lowers interest rates is part of a broader monetary easing policy initiated in late 2024, aligns with expectations from economists who have been monitoring the country’s evolving inflation and...

A Guide to Understanding Living Costs in Alanya Alanya, a picturesque city on Turkey's southern coast, has become a sought-after destination for expatriates and investors. Its appealing real estate market, reasonable living costs, and streamlined residence permit procedures make it an attractive choice for many. In this Blog, we will assist you in Understanding Living Costs in Alanya. Understanding...

Turkey’s housing market rebounds, reaching levels last seen in 2022 after a long slowdown. In September, sales of pre-owned homes increased by 33%, while new home sales surged by 47%. Rebound in Mortgage Sales A resurgence in mortgage-based sales also supports this recovery in the housing market. In September, mortgage-backed home sales nearly doubled compared to the same period last year....

Turkey's Removal from the Grey List expected to boost foreign investments Turkey's removal from the grey list by the Financial Action Task Force (FATF) is anticipated to draw in more foreign investments into the country. On June 28, FATF declared that Turkey has been removed from the "grey list" of nations requiring special scrutiny. FATF recognized Turkey's efforts to enhance its anti-money laundering...

UAE Investments in Turkey's Economic Sectors Suhail Al Mazrouei, the Emirati Minister of Energy and Infrastructure, stated that the UAE is planning significant investments in various sectors in Turkey. At the St. Petersburg International Economic Forum, Al Mazrouei revealed the Gulf state’s interest in exploring energy, agriculture, transportation, tourism, and more opportunities. This information about...