Turkish CitizenshipForeigners can obtain Turkish citizenship by investing their money in the purchase of real estate in the country. It is quite simple: you need to buy any real estate in Turkey (residential, commercial, land) worth 400 thousand dollars or purchase government securities – bonds worth 500 thousand dollars for 3 years. For this money […]
In Turkey, the layout of the apartment is denoted by numbers. The first number indicates the number of bedrooms, the second – the number of living rooms. 0+1 Normal studio, where the living room and kitchen are combined. The area from 35 to 65 sq.m. 1+1 Two-bedroom apartment, where there is one bedroom and a […]
The president said the new housing project will increase supply and help reduce rental prices. He called it the largest social housing project in the country’s history. The homes to be built as part of the project will be offered to first-time homebuyers under favorable payment plans, the president said Aug. 1 after a cabinet […]
A law published in the Official Gazette No. 31880 dated June 28, 2022 makes significant amendments to Law No. 1512 “On Notaries” and authorizes notaries to execute real estate purchase and sale agreements in Turkey. No later than January 1, 2023 will enter into force a long-discussed provision authorizing the notarization of contracts for the […]
Turkish renters are facing problems in the pursuit of profit. New tenants are either making late payments or leaving the apartment before the contract expires. What’s wrong? Landlords who are trying to make money by renting out their properties at inflated prices are facing problems. New tenants either don’t make payments at all or leave […]
Earlier this week, Turkish Justice Minister Bekir Bozdag issued a statement according to which the authorities decided to introduce a separate clause in the current law regulating rent increases. Already today, June 11, 2022, Turkey’s official government gazette Resmi Gazete came out with temporary changes to the “Debt Law” (6098 sayılı Türk Borçlar Kanunu), which […]
Turkish Institute of Statistics (TÜİK) has published statistics on real estate sales in May 2022, including foreign buyers.According to the institute, 122,768 properties were sold in Turkey, twice as much (an increase of 107.5 percent) as a year earlier, but 7.73 percent less on a monthly basis. Residential sales to foreigners in May 2022 in […]
Turkey leads the world’s top 10 in home price growth in the fourth quarter of 2020, according to a study of the Global Residential Cities Index, published this week by the consulting firm Knight Frank. Three Turkish cities (year-over-year price increase) led the global ranking of home price growth at once : Ankara +30.2%Izmir +29.4%Istanbul […]
