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....
Real Estate Investment in Alanya, Turkey Executive Summary: This proposal outlines a lucrative real estate investment in Alanya, a rapidly growing and highly desirable area on Turkey’s Mediterranean coast. Alanya offers a blend of lifestyle, tourism, and a strong real estate market, making it an ideal location for investors seeking both immediate returns and long-term growth. Investment...
A Comprehensive Guide for Foreigners Buying Property in Alanya: From First-Time Homeowners to Retirees Alanya, with its idyllic Mediterranean coastlines, sunny weather, and rich cultural history, has become an increasingly popular destination for foreigners buying property in Alanya. Whether you're a first-time holiday homeowner, a retiree looking for a peaceful haven, a senior seeking a long-term...
Alanya Real Estate Market Analysis: Trends, Pricing Strategies, and Investment Opportunities Overview of the Alanya Market: Alanya, located on Turkey's Mediterranean coast, is one of the most sought-after destinations for real estate investment. Known for its scenic beauty, mild climate, and vibrant tourist industry, Alanya attracts a large number of international buyers, especially from Europe, Russia,...
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...
Preparing Rental Contracts in 2024 - Pay attention to this detail! As discussions between landlords and tenants continue, many people are researching what to consider when preparing rental contracts in 2024. So, how do you prepare a rental contract for 2024? Here are the things to pay attention to... Over the past two years, discussions between property owners and tenants have escalated significantly....
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...
Turkish Economy Grows: Impressive Economic Performance in Early 2024 In the first quarter of 2024, the Turkish economy grows impressively, with a significant GDP growth rate of 5.7%. This strong performance, reported by TurkStat and published by The Investment Office, places Türkiye among the fastest-growing economies globally, surpassing many other emerging markets. Government Policies Drive...
Türkiye-Germany Investment Conference Highlights Türkiye's Competitive Edges Showcasing Türkiye's Investment Landscape The Investment Office hosted the Türkiye-Germany Investment Conference themed "Türkiye as an Investment Destination" at the Turkish Embassy in Berlin. The event brought together business leaders and public officials from both Türkiye and Germany, providing a valuable platform to...
A Comprehensive Guide to Buying Under-Construction Property in Turkey When a property is under construction, it signifies that the building process is actively ongoing. This can encompass a range of projects, from residential apartments to commercial spaces. These properties are not yet ready for occupancy but are being built and developed. This is a Comprehensive Guide to Buying Under-Construction...
