Modern Maslak is attracting a ton of foreign and local investment. There is a great demand for both commercial and residential properties because the area is a hub for shrewd investors and those seeking a high-quality life in Istanbul. Maslak provides strong capital growth, favorable rates of returns on investment, and excellent rental returns for individuals seeking attractive real estate...
BUY VILLA IN ISTANBUL: The increased demand for detached homes brought on by the outbreak has increased the cost of villas by close to 50% in Istanbul’s Islands, including ile, Büyükçekmece, Sariyer, and Eyüpsultan. Foreigners expressed interest in Sisli’s real estate, where prices increased by more than 30%. Due to the need to maintain privacy during the epidemic, detached homes are in...
Foreigners Get Turkish Tapu Ownership Transferred In 3 Days. The General Directorate of Land Registry TKGM recently amended the housing law in January 2014, allowing foreigners to quickly transfer the tapu name title to their name. Previously, the buying process was the same for both Turkish and foreign buyers; however, foreign buyers had to wait for the Aegean Military approval paperwork to come back,...
Foreign home buyers in Turkey are granted a one-year residence permit. In recent years, the Turkish government has made it easier for foreign citizens to buy houses and real estate in Turkey. With the repeal of the Reciprocity Law, buyers from 184 countries can now purchase Turkish real estate in Turkey with just a passport and three photos. The change is intended to encourage foreigners and businesses...
Turkey citizenship was granted to 7,312 people who contributed $250,000. Turkish Passport And Citizenship Investment: Following the amendment to the regulation on the application of the Turkish citizenship law on September 19, 2018, 7,312 people who own property and paid a fee of $250,000 were granted citizenship. “There is no other country on the planet that sells citizenship so cheaply,” said...
Buying A Property In Turkey And Residency? In general, budget an additional 8% to 10% to cover your tax obligations and other expenses. This will cover the 3% stamp duty tax (a one-time small fee) that must be paid to the land registry office, the 2% fee for getting copies of the “Tapu,” the 2% fee for getting connected to local utilities, and the 2% fee for legal and attorney...
TURKISH REAL ESTATE TO BE PURCHASED IN TURKEY IN CASE OF: REAL ESTATES ACQUIRED TO THE CONTRARY OF THE FOREGOING, Real estates without structures discovered to be used in violation of the purpose of acquisition and for which an application is not filed with the Ministry on time or for which projects are not completed on time. Real estate and limited rights in rem acquired through inheritance that...
Economic confidence index realized as 86.4 Economic confidence index which was 89.5 in November decreased by 3.5% in December to 86.4. This decrease in economic confidence index stemmed from the decreases in services, retail trade and construction confidence indices. Services confidence index decreased by 9.2% and became 70.4, retail trade confidence index decreased by 7.8% and became 87.6,...
In Turkey, house sales decreased by 18.7% in November 2020 compared to the same month of the previous year and hence, became 112 thousand 483. For the house sales of November 2020, Istanbul had the highest share of house sales with 18.8% and 21 thousand 158 sold house. In house sales, 36 thousand 658 of houses were sold for the first time First house sales in Turkey became 36 thousand 658 by...
Real Estate Transaction of 2020 In Turkey, 1.499.316 houses were sold in 2020 In Turkey, house sales increased by 11.2% in 2020 compared to the previous year and hence, became a million 499 thousand 316. In the January-December period, sales of mortgaged houses were 573 thousand 337 and increased by 72.4%, and in other types of sales, it was 925 thousand 979 and decreased by 8.9%. The share of the...
