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Latest News
Low interest rate opportunity for environment-friendly houses
Banks have started offering credit with low interest rates for environment-friendly housing projects in the aftermath of the successive initiation of these projects by real estate companies.
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Ağaoğlu starts delivery of homes two months early
The Istanbul-based Ağaoğlu conglomerate will deliver the houses in the first stage of My World Starland Project to their owners in Istanbul's Ataşehir district from June 30 to July 21.
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Real estate agents wait for Turkish expatriates to return
Kazım Karabekir Temel, chairman of Kayseri Real Estate Agents Chamber, has drawn attention to the stagnation in the real estate sector.
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105 houses for sale in 'Gönül Evleri'
Akın Construction Company is undertaking the construction of 'Gönül Evleri' in Istanbul's Kağıthane district, on an area of 7,300 square meters.
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Global returns dragged down by UK
Investors in global commercial real estate achieved a lower return last year as a result of falling prices in the U.K., according to researcher Investment Property Databank.
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Homes less affordable as prices fall, rates rise
Rising mortgage rates in the U.S. are driving up the cost of buying a house even as prices fall, making property more expensive across the nation, according to a new study by Zillow.com, an online provider of home valuations.
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Turkey ranks middle in trade index
Turkey ranked 38th in the “Enabling Trade Index,” featured in the Global Enabling Trade Report 2008, which explores the factors enabling trade in individual economies.
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The Four Seasons opens its 2nd hotel
The Four Seasons chain opened the doors of its second Istanbul hotel, situated on the shores of the Bosporus on the city's European side, last weekend.
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'Hanımeli Evleri' project on offer
Turkish Real Estate Investment Company Doğa Real Estate Agency completed the construction of a sample apartment in the Hanımeli Evleri project in Bodrum's Hebil Bay, reported Turkish weekly Ekonomist Sunday.
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Apartment demand weakens in NYC
Manhattan apartments costing $1 million or less saw weaker demand as cutbacks by Wall Street firms meant few shoppers and an increase in the number of dwellings for sale, Barron's reported, citing a real-estate appraiser.
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Demand for sustainable housing increases
The number of construction projects in the country seeking harmony with nature and offering a sustainable lifestyle with more efficient energy and water usage is gradually increasing.
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Boom in demand for Istanbul's Levent district
The Levent Loft Bahçe Project offers some of the first apartments in Istanbul designed in the “loft” concept, in which old factories and storage buildings are transformed into modern living spaces
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Turkish investors warn housing administration
The government should provide subsidies for the private sector operating in the real estate market, instead of conducting separate construction projects, according to a recent report.
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New campaigns launched by real estate firms and banks
Following in the footsteps of real estate firms such as Güneri İnşaat, Mimart Yapı and Soyak, which have launched new payment plans to counter stagnation in the sector...
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Home sales to foreigners brought to a halt
The "Investate '08 – Turkey Coasts Real Estate Investment" conference will be held this year on May 24-25 at the popular resort town of Bodrum on the Turkish Riviera.
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Turkey’s new rich find the Midas touch
She was only eight when she began visiting the family’s bank...
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Turkey and beyond: rewards of buying in the risks and distant lands
Laura Howard seeks out the new hotspots...
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Swimming for peace
Young swimmers in Bodrum and from the Greek island of Kos...
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Snowfall to end in Istanbul today
Temperatures are expected to rise today...
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Location of third Bosporus bridge determined, but being kept secret
The location of the third bridge to be built across the Bosporus...
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Ferry tours between Bodrum and Samos Island
Ferry tours from Bodrum to Greece's Samos Island...
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Investor Guide

 

Turkey is actively courting foreign investors, seeking their capital, know-how and ability to create and exploit markets. Mehmet Onaner, General Director for the General Directorate of Foreign investments, says 'American investments in the different sectors of the Turkish economy have been beneficial, not only for the investors themselves, but also for the Turkish people. Investments have had many positive effects on employment, production, and State tax revenues, technological capacity of the country and the foreign trade balance.

A recent amendment in the Turkish constitution now extends arbitration rights to foreign concerns. With this innovation, its dynamic, and growing economy, huge market Turkey offers numerous opportunities to international investors. Turkey invites international investors from all countries and business sectors to take place in such a promising investment environment.

According to European standards, Turkey is huge-around half as large again as France. When it joins the EU in the next ten years or so, it will in fact become the largest member state-so when it began its application for membership last year, it witnessed a flurry of foreign investment, particularly from Dubai, which will help boost its already fast-improving infrastructure. Public funds are pouring into improving roads and airports, and corporate investors are creating resorts, golf courses and other tourist facilities wherever they can.

It shows that Turkey is more than a great place to buy a holiday home in the sun. With the great climate, costal regions, large cheap workforce, very inexpensive cost of housing, and gateway to the Middle East it is inevitable that its value will double next 5 years.

 

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