In accordance with the amendment made to the Turkish Citizenship Law published in the Official Gazette on 07.12.2018, a new convenience provided for foreigners who want to become Turkish citizens. Foreigners who want to buy an under construction property may also obtain Turkish citizenship, after the regulating contract from the notary for the property sale and committing to buy a property worth of...
Many foreigners have bought homes in Turkey, either for buy-to-let investments, a place to retreat in summer or to live in the country all year round. The popularity isn’t hard to understand because Turkey offers a unique lifestyle and affordable real estate prices, but luxury property in Kalkan has earned a more prestigious status, as the best of Turkish real estate. While foreign buyers...
Commercial property in Turkey is a different real estate market than residential homes, and due diligence, when assessing potential hotels, offices, shops, restaurants or bars will ensure the investment pays off. Whether you want premises for your own business or as a buy-to-let investment, attractive prices per square meter are a big lure but market conditions are still the same, and certain...
As a leading real estate agent, potential buyers often ask us, where is the best place to buy property in Turkey? However, the answer is more complicated than naming one destination, because buyers have different budgets, lifestyle preferences and ideas of what their perfect home looks like. Each region differs and appeals to different levels of society. In this article, we’ll look at popular...
The survey "Expat explorer" organised by HSBC Group in 163 countries; to learn which countries are the best to live and work in. Switzerland has ranked on the first place according to this survey. Turkey has ranked on 7th place among 163 countries, it got ahead of Germany. This survey is the most extensive and long-running around the world. The top 10 list of liveable countries are as followed;...
Frequently, customers ask if buying property in Turkey a good investment? Given that over the decades, the focus of mainstream real estate markets has shifted from just finding a home to making a sound financial commitment, this is a good question. Terms such as flipping houses, capital appreciation and liquidity are all factors that house buyers are considering. So, to answer this, let’s look...
Turkey undoubtedly continues to be one of the hot spots of real estate sales. In these circumstances, economists start to investigate whether this intense economic activity of the real estate market stems from local or foreign customers. When the customer profiles in the Turkish real estate sales are analyzed, it is revealed that both sides run against each other. Top Cities to Buy a Property:...
Turkey is well-established in the health tourism industry and on target for a twenty billion dollar share in the world health tourism market by 2023 according to Ankara Health Tourism Association (ASTUD). In the last ten years, the number of medical tourists in the world exceeded ten million, with a turnover of over $ 100 billion annually. Health tourism isn’t new. Since ancient Greek...
The Energy Performance Certificate (EPC) became mandatory for all purchase, sale, and rental of buildings and structures as of the date of 01 January 2020. EPC is a document that includes information on the minimum energy requirement and the energy classification, insulation properties and efficiency of heating and/or cooling systems of a building. The aim of the EPC is to use energy and energy...
Turkey’s residential property sales in 2019 totalled nearly 1.35 million, a slightly marginal 2% less compared to sales in 2018 according to TurkStat, Turkey’s official statistics authority (Turkish Statistical Institute). 2019 total home sales figures represent a decrease of 26,669 units sold compared to the previous year. The first-time home sales recorded 37.9% with 511,682 sales and...