Latest Turkey Real Estate News

President of the Central Bank of the Republic of Turkey (CBT) has said that the Turkish banking sector maintained its strength and added “We have full confidence that our economy and the banking sector will carry their successful performance, further upwards”.

In February 2017, the Turkish parliament approved a new law to abolish the 18% tax rule for foreign buyers of property in Turkey. The new law is a huge advantage for both buyers and sellers.

Residential property sales in Turkey in March 2017 increased by 10 percent compared to the same month of the previous year to reach 129 thousand. Excellent news for the property markets and brings confidence back again.

“Expo Turkey by Qatar” Fair' held in Qatar, brings Turkish construction industry and Gulf investors, together. Industry representatives from all over the world as well as the Gulf States and Arab investors in particular, strengthen relations between the two countries.

While e-commerce has shown strong growth in developing countries, Turkey and India are observed to have taken their places among the fastest growing markets in the industry.

It has been declared by Turkish Culture and Tourism Minister Mr. Nabi AVCI that Turkey is the 6th largest country in the world for “sea, sand and sun tourism” and it targets to take its place among top three.

BODRUM PROMOTION Foundation participated in the 24th Moscow (MITT) International Travel & Tourism Fair, which took place in Moscow between 14-16 March 2017. Members of the Bodrum Promotion Foundation from the Moscow Representation of said Foundation carried out promotional activities at the Bodrum stand, in the show.

President Erdoğan of Turkey and Vladimir Putin of Russia attended meetings in Moscow on Friday, the results of which signal better times for the Turkish economy in 2017.

Istanbul Metropolitan Municipality is preparing to hold a major event under the title “World Cities Expo Istanbul 17” at HALİÇ Congress Center on May 15-18.