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Real Estate Sales Statistics Across

Turkey in December 2022
1,485,622 Real Estate Sold across Turkey in 2022   Real estate sales decreased by 0.4% in 2022 compared to the last year and amounted to 1,485,622 houses. Istanbul had the highest share in house sales with 259,654 houses and a 17.5% share. According to the number of sales, Istanb...

Turkish Citizenship New Law

No Citizenship by a Shared Property
Can More than One Person Gain Turkish Citizenship through a Single Property?   It is no longer possible to apply for Turkish citizenship through investment in real estate with the acquisition of a property as share partners.   Yes, that is correct. As I mentioned earlier, the r...

Turkish Citizenship by Investment for 250,000$

will Increase to 400,000$ on 13 June 2022
In the practice of granting Turkish citizenship to foreigners in return for the purchase of the real estate, the minimum investment amount increased from $250,000 to $400,000 and will enter into force on 13 June 2022. In other words, it is last 12 days to get Turkish citizenship with a minimum i...

Turkish Citizenship by Real Estate

Investment will Increase to 400,000$
The value of the Turkey real estate to be purchased for the acquisition of Turkish citizenship is going to increase.   The value of the real estate to be purchased for obtaining citizenship will be increased from 250 thousand dollars to 400 thousand dollars.   The regulation w...

The Leader District for the Most Houses Sale

in Istanbul in 2022 & 2023
In 2022, most houses were sold in the Esenyurt district in Istanbul! It will be the leader in 2023 with sales of 40 thousand of houses! Esenyurt, which has come to the top in recent years in the ranking of the districts where the most housing sales are made in Istanbul, is expected to be the lead...

Istanbul Airport Metro

was Put into Service!
Kagithane-Istanbul Airport Subway, which was launched as the "fastest subway in Turkey" and was eagerly awaited, was put into service with a ceremony attended by President Recep Tayyip Erdogan.   Kagithane-Istanbul Airport Metro named Turkey's "fastest subway", was...

Very Useful Tips for Foreigners

Buying Property in Turkey
Useful Tips for Buying property in Turkey   Useful Tips for Buying property Turkey, from whom to buy, exchange rate calculation, benefits of buying a property, some special rules which bring limitations for the foreign investment, and important points about installment sales payment. &...

The population of Turkey

in 2023
According to the latest United Nations data prepared by Worldometer, the current population of Turkey is 86,641,367 as of Tuesday, January 17, 2023.   According to UN data, Turkey's 2020 population is estimated to be 84,339,067 people in the middle of the year. The population of Turk...

A Historical Peak has Seen in the Real Estate Sale

to Foreigners in Turkey!
A Historical Peak was Seen in the Real Estate Sales to foreigners in Turkey! Russians Bought the Most Property in Turkey   A historical peak was officially seen in property sales to foreigners in Turkey. In 2022, sales to foreigners increased by 15.2% compared to 2021 and reached 67,490 h...

Approximately 3.5 Million Real Estate Sales

Transactions were made in Turkey in 2022!
According to the official data announced, in 2022, a total of 3 million, 434 thousand, 389 real estate sales transactions were made in Turkey. The total revenue generated from these transactions was 41 billion, 555 million, 205 thousand, and 953 Turkish Lira.   The figures provided in...

Prices of Villas and Detached Houses

for Sale in Istanbul December 2022
As of the end of December 2022, the prices of villas for sale in Istanbul have increased by 112.81% and the average square meter unit is  37,755 Turkish Liras.   The average size of the Istanbul villas and detached for sale is 309 square meters. The average square meter ...

The Forecasts for the

Turkish Economy in 2023
Turkish economy will be the 10th largest economy in the world with an economy of $2 trillion, per capita income of $25 thousand and exports of $500 billion in 2023. It is true that reducing inflation often comes with costs, as monetary policy measures such as raising interest rates can have negat...

Investors’ Eyes Are on

Istanbul Real Estate
Istanbul is the largest city in Turkey and has a thriving real estate market that has attracted significant attention from investors in recent years. The city's strategic location at the crossroads of Europe and Asia, along with its growing economy and tourism industry, have made it an attrac...

Foreigners' Interest has Doubled in

Turkish Real Estate!
Foreigners' Interest has Doubled in Turkish Real Estate!  Which country's citizens buy the most property in Turkey?   In the last 20 years, while the purchase of land and real estate by foreign citizens has increased, the citizens of countries we have not even heard of sta...

The Russians Demand for

Real Estate Peaked in Turkey!
Turkey is preferred in the first place in international real estate investments by Russians.   Housing sales to foreigners in Turkey increased by 34%  last month and reached 45 thousand 69 units, and it is expected to reach the highest number of housing sales of all time by the end ...

EBRD ups Its 2022 Economic Growth

Forecast for Turkey
International organizations continue to raise their growth forecasts for Turkey in their current reports. Finally, the EBRD increased its growth expectation from 2% for the Turkish economy to 4.5%.   Stating that Turkey will maintain its strong growth with the effect of export-oriented p...

Is Mahmutbey-Esenyurt-Bahcesehir

Metro Line Opening?
The 18-kilometer Mahmutbey-Esenyurt-Bahcesehir Metro line with 11 stations in total, which will serve more than 3.5 million people will open in 2024.   There was a last-minute development regarding the Mahmutbey Esenyurt Bahcesehir Metro, which the people of Istanbul were eagerly waiting...

The Number of Tourists in Turkey

has Exceeded 32 Million
Turkey hosted a total of 32 million 500 thousand 190 tourists in the first 8 months of 2022. Germany ranked 1st in the ranking of the countries sending the most tourists in the first 8 months of the year, with an increase of 105.73% and 3 million 850 thousand 816 people.   The Minist...

The Most Valuable Districts in Real Estate

have been Revealed in Turkey!
The most valuable district in the Turkish real estate market at the last quarter of 2022 is Sariyer, Besiktas ve Cesme.   Entering the last quarter of 2022, the most valuable districts in the Turkish real estate market became a matter of curiosity. Within the scope of the study carried ou...

Istanbul Airport Became the First in Europe

with 1,351 Daily Flights
Istanbul Airport became the 1st among the airports in Europe with an average of 1,351 daily flights from 5 to 11 September 2022.   According to the flight report of the European Organization for the Safety of Air Navigation (EUROCONTROL), Istanbul Airport retained its top spot among the b...

More than 2 Million Turkish Real Estate Sales

Transactions were made in 8 Months
2 million 137 thousand 670 real estate sales transactions were made in Turkey and 24 billion 480 million 235 thousand 785 Turkish Liras title deed fee income was obtained in the first 8 months of 2022.   According to the information acquired from the officials of the General Directorate o...

Turkey's Exports Reached

21.3 Billion Dollars in August!
Turkey's exports reached 21.3 billion dollars in August. Trade Minister Mehmet Mus said, "Our August exports increased by 13% compared to the same month of 2021 and reached 21.3 billion dollars.   This is the highest August export to date. Trade Minister Mehmet Mus announced...

Turkish Economy Recorded 7.6% Growth

in the 2nd Quarter of 2022
According to TUIK (Turkish Statistical Institute) data, the Turkish economy grew by 7.6% in the 2nd quarter of 2022. According to the data, while finance and insurance activities increased by 26.6%, service activities increased by 18.1%, there was a decrease in the agriculture, forestry and fisherie...

New Turkish Passport

Locally Made, Modernized Passports
Turkey will issue new locally made, modernized passports. Locally made Turkish passports will start to be printed as of August 25, 2022.   Interior Minister Suleyman Soylu stated that as of 2023, the printing of new identity cards and driver's licenses will begin.   The In...

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Turkey real estate news, tourism in Turkey and all about announcements and legal issues concerning foreigners like Turkish citizenship, residence permit, investment, live in Turkey.

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