In a bid to increase numbers of property sales to foreigners, the Turkish government is set to pass a law that will grant overseas buyers citizenship when they purchase a property valued at more than 250,000 USD. The offer will appeal to buyers from the Middle East and Europe seeking not only excellent return on their investment, but access to a large regional hub with favourable tax laws.
Property Turkey Blog
During a rocky year in terms of tourism, the number of property sales rose in Turkey in 2016, indicating that despite ructions Turkey is still seen as a safe haven for property investment. In 2017 we predict demand will once again rise, fuelled by domestic demand and Middle Eastern buyers. Discover what else is in store for Turkish property in 2017.
For the most part, expats in Turkey enjoy splendid lifestyles. Attracted by hot summer days, cool evenings and a cheap rate of living, we go about our daily business with ease. Occasionally, though, some situations and interactions with native Turks leave us speechless. Mainly arising from a difference in culture and traditions as well as a language barrier, when they happen, we are quite uncertain of how to respond. Here are some examples of awkward scenarios that most expats in Turkey have encountered at least once.
Every summer, many destinations in Turkey enjoy an influx of foreign tourists. However, despite extensive tourism promotion throughout the world of Turkish places to visit, few people explore the Black Sea region. Called Karadeniz Bolgesi in Turkish, its vast distance across the northern coastline promises unique experiences in a wide range of genres including cultural, rural, foodies, landscape, and historic travel.
High up in the green hills of Selcuk, in Aegean Turkey sits a small, unobtrusive village with roughly 600 locals. Hidden away from sight, the only way to reach it is via a long, winding road snaking its way up Ephesus Mountain. Yet every week hundreds of foreign and Turkish day-trippers ascend the mountain, having heard about the many good reasons to visit Sirince, one of a few villages in Turkey that are still thriving.
Buying a property abroad is an exciting experience that opens up a different lifestyle. With many countries to choose from, Turkey is a favourite choice, mainly because of low prices in a relatively, new property market. There is much potential especially for long-term investors, and plenty of locations to choose from, ensures potential buyers have an extensive portfolio at hand. One of those idyllic destinations is Antalya on the Mediterranean coast of Turkey. Numerous reasons explain why it has captured the attention of foreign Turkish property buyers.
The last two decades have seen incredible changes for Turkey's largest city. In response to a growing population and fuelled by a strong economy, there are more construction projects underway than ever before. But in a city with almost more neighbourhoods than you can count, where do you start? Answer: with our list of the top five Istanbul investment property hotspots for 2017.
July's coup attempt, rising numbers of Syrian refugees, terrorist scares and a Russian charter flight ban all contributed to what was a very bad year for Turkish tourism. Visitor numbers are down 30%, a figure that's worrying not only to tourism officials, but to the small businesses and operators who rely on the tourist industry. What will 2017 bring?
Every country has its drawbacks - even Turkey. We came up with a list of twenty-three reasons to steer clear of the country that straddles Europe and Asia. Read on to discover why you really should steer clear of Turkey.
Low key Gundogan isn't typically on the Bodrum tourist trail. But that's changing: more and more visitors to Turkey are discovering this peaceful spot, with its unusual rock formations and laid-back charm. Property in Gundogan is select: a lack of land means limited options for construction, which makes Gundogan a little pricier than the rest of the peninsula. But is it worth buying property there? Read on to find out.