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...
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...
A real estate investment portfolio can be a great way to build wealth over time. A well-diversified real estate investment portfolio can provide a steady stream of income, as well as the potential for long-term capital appreciation. However, building a real estate investment portfolio is not something that should be taken lightly. It requires careful planning, research, and execution and at Ideal Estates,...
Title Deed Procedure Changes for Foreigners Previously, foreigners who wanted to purchase property in Turkey had to obtain approval from military units in order to get their Title Deed (Tapu). However, a law passed on October 8, 2013, eliminated the need for approval for other apartments in the same building or parcel once one had been approved. Properties located on unapproved parcels, however, still...
Turkey plans to launch an international property stock exchange, allowing properties within the country to be marketed globally. In 2017, Deputy Prime Minister Nurettin Canikli announced that banks were facing difficulties financing the construction sector. In search of alternatives, the government devised a solution to sustain the growth of the revitalized industry. The solution arrived at was the...
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...
