Fikirtepe on the city's Asian side is a notorious slum area. However, this is about to change quite dramatically as $18 billion is poured into the area to build new homes and improve local infrastructure. A government official has said Fikirtepe will become a city within a city as construction ramps up in earnest.
Turkey is a hot favourite with Arab tourists and investors, who are attracted by the country’s culture and the ease of investment. Investment opportunities for Arab buyers are legion, and extremely lucrative. We examine the top seven factors enticing Middle Eastern buyers to move to Turkey.
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.
The ever-growing city of Istanbul seems to be growing upwards. Construction is booming, and with it, giant buildings are appearing all over the city. Already the tallest city in Europe, Istanbul's set to become one of the tallest on the planet. Cameron Deggin explores some of his favourite Istanbul city skyscrapers.
With his determination to create functional yet beautiful living spaces filled with innovative objects and his philosophy of democratic design, Philippe Starck's become a household name in the creative world. His new G by Yoo project in Istanbul's Media Highway is well placed to cause a sensation among investors and city professionals. Property Turkey is pleased to present our clients with an exclusive discount and payment plan. Contact us to find out more.
When investing in a large city like Istanbul, it's difficult to get your bearings. Prices, build qualities, locations - it all varies so much. Unfortunately, there are a large number of unscrupulous companies ready to take advantage of new buyers. This includes the growing phenomenon of guaranteed rental income. We explain how it works - and how best to avoid getting scammed in Istanbul.
The iconic central Golden Horn area, clearly visible on every city map, is smartening up. New developments and improved infrastructure are attracting investment and prices are climbing. Middle class Turkish buyers are snapping up property at extremely favourable prices. So why aren't more foreign buyers sitting up and taking notice?
Istanbul's Media Highway region has become an investment hotspot as new developments draw buyers attracted by quality builds, favourable capital gains and high rental returns. The government has ploughed almost a billion dollars into the region's infrastructure and construction, improving links from Media Highway around the city and beyond. Discover why investors are turning to this central city area.
Istanbul's third bridge opened last week to great fanfare. The eight-lane bridge has eased congestion in the city, shortening commuter journeys all over the city. What's more, according to
Istanbul is not only Turkey's shining star, but the rising star of the real estate world with more than 250,000 properties being sold in Istanbul last year alone, leaving developers struggling to keep up with demand as more and more savvy investors look to take advantage of government initiatives for regeneration, prime areas, and the districts of tomorrow. In a city of 17 million, prices of Istanbul's real estate are rising quickly, and in this blog we put together our top investment opportunities in the city today.
Undoubtedly, any visitor to Turkey will quickly notice the obsession with Turkish carpets and rugs. Adorning the tiled floors of most Turkish homes, shops in touristic centres make a roaring trade as people scramble for a traditional Turkish carpet as an ideal holiday souvenir or gift for a loved one. Have a read of everything you need to know when looking for carpets in Turkey.
The last 15 years has seen a new trend across the world to preserve parks, squares, and gardens, within cities that are typically nicknamed concrete jungles. Istanbul is likewise rising to the challenge to provide sustainable living spaces away from tall skyscrapers and traffic jams. Have a read of the best green parks you will find in Istanbul.
Turkey’s most popular city, Istanbul straddles two continents and provides a natural gateway between the East and the West. In the last 10 years, stratospheric development in Istanbul has seen investors rush to capitalise on Istanbul’s property boom. Stats show that one in five Turkish property sales are now being made in Istanbul, making the city one of the most exciting markets in the world. So, WHY and WHERE should you invest in Istanbul? Read on to discover just what sets this metropolis city above the rest.
With the aim of boosting the property market, the government is planning to offer work permits to anyone who buys Turkish real estate above a certain level. The move follows the 2013 offer of residency visas for home buyers, and will probably extend to allowing buyers to become Turkish citizens. Turkey's property market is booming, with properties increasing by 93 percent in the last five years. However, critics say the market still has room to grow.
May 29 marks the anniversary of The fall of Constantinople, in 1453. Although the Byzantine occupants of the city were outnumbered ten to one they fought valiantly against the invading Ottoman army. The 53-day siege and subsequent conquering of the city marked a turning point not just for the Ottoman Empire, but for the future of Islam, Turkey and the wider world.
Some of the most creative designs, motifs, logos and stencil drawings are seen across a variety of districts, but the stand out neighbourhoods are usually around Istiklal Avenue, in Taksim Square; Tunel, Karakoy; Sishane; as well as Maltepe, Kadikoy and Moda. Is Istanbul street art graffiti or talent? Have a read of this blog and discover some of the best street art of Istanbul.
Every visitor to Istanbul knows Taksim Square and Istiklal Caddesi. However, there are some incredible suburbs and rural regions just a short drive from the central city. Some are leafy, some are coastal - some are in up-and-coming parts of Istanbul itself. Join us on a tour of Istanbul’s best kept secrets.
Istanbul's Selim Bridge, the third link between the Asian and European sides of the city, was completed on Sunday in an official linking ceremony attended by Turkey's president and prime minister. The enormous suspension bridge will officially open in August and will help ease traffic in the city, as well as being an important link to the Marmara Motorway. The bridge is one of a number of city-changing infrastructure projects championed by President Erdogan.
Stretching for more than 1 mile, from the tunnel funicular to the independence monument in Taksim Square, Istiklal Caddesi is the busiest street in Istanbul and a must-see for anyone visiting. Its primary function is shopping and entertainment but old buildings still stand among modern and new builds. More than 3 million people walk it every day - let us take you through the best things to see and do on Istiklal.