The Turkish Lira has been on a turbulent ride the last few years, gripping Turks and emerging economies with a financial interest in the country, falling by 42% since the beginning of 2018 alone. What's happening to the Turkish Lira in 2019? We explore the reasons for the Lira crisis and what it means for investors in Turkey.
Foreigners looking for the best place to buy property in Turkey are entering a healthy market with many destinations offering a full portfolio of off-plan, new build and resale apartments and villas for sale. Mass availability is driving Turkey’s real estate market, and buyers have many advantages to tap into and use. You have much potential for a profitable investment and here are the best places to buy in Turkey today.
Since 2002, Turkey’s real estate market has grown in popularity with foreigners who either seek a life in the sun or want an alternative method to build their investment portfolio. At the moment, while other industries struggle through current economic woes, the foreign housing market is at an all-time high. In September 2018, foreign property sales increased by a staggering 151 year on year.
Knowing the basics of Turkish property law is essential for anyone thinking of buying a home in the country. This will help safeguard your interests, but also ensure that after you’ve chosen your new home, you can stay involved with the legal process of applying and signing for your title deeds. This blog answers all the questions you need to know before buying real estate in Turkey.
Bitcoin is taking over the world. Since its 2009 inception, the cryptocurrency has grown in value and popularity so that now it can be used to purchase anything from food to flights. Always eager to embrace new technologies, Property Turkey now offers a selection of properties available for purchase with Bitcoin. Director Cameron Deggin explains why the company is embracing Bitcoin.
As defined in their 2023 vision plan, Turkey has a goal to be one of the top performing economies in the world. Given that just 20 years ago, it was drastically underperforming, it is a big target to set. However, the Turkish government has a strategic game plan and they are the mega projects of Turkey, an impressive portfolio consisting of roughly 100 transport, energy and infrastructure endeavours, exceeding a construction cost of 100 billion USD.
For many people, the year 2023 will be important for Turkey. Not only because it will be the 100th anniversary of the formation of the Turkish Republic but also because the AKP ruling government have set themselves an impressive set of targets to achieve by this deadline. The records break down into specific categories focusing on the economy, energy, foreign policy, healthcare, transport and tourism.
Much of Turkey’s success in recent years and its strength to bounce back from disastrous situations has been its global alliances. The strategic plan to form diplomatic relationships with several countries around the globe includes courting the Chinese, who just happen to have the world’s second-biggest economy and largest population count. The reasons for doing this are plentiful, and it all starts with the Belt and Road Initiative.
After a stellar 2017 which saw growth beat expectations to reach 6 percent, experts are predicting the year ahead. While foreign direct investment and domestic growth will continue, the Turkish economy will be hampered by its current account deficit and the issue of inflation. Overall growth is expected to be around 5 percent over the next five years.
Thanks mainly to strong economic growth and stability, 2017 saw a notable return for Turkey's property market after 2 years of political tension and regional unrest. We examine the factors driving Turkey's real estate market and why investors will target Turkish property in 2018.
Basin Ekspres property is no longer Istanbul’s best kept secret. The region on Istanbul’s European side has well and truly come into its own, with quality housing developments and improved infrastructure. We explain why real estate investors should look to Basin Ekspres in 2018 - which will mark the last year of incredible bargains to be found in the area.
Turkey’s third-quarter growth has surpassed all predictions. The economy expanded by 11.1 percent between July and September, putting the country ahead of giants China and India and putting growth on track to top 6.5 percent. Thanks in part to structural reforms and investor incentives, the economic growth bodes well for continued economic success in 2018.