Property Sales Increase in Turkey due to Turkish Lira Drop

Foreign Currencies exchange rates made real estate prices very attractive, which had led to an increase in buying demand by foreigners and Turkish expatriates, whilst real estate companies are witnessing a strong demand for property right now, especially in major cities such as Istanbul, Ankara, and Izmir.

شراء عقارات في تركيا

Last month hit an increase of 23 percent in the number of foreigners and Turkish expatriates who owned real estate in Turkey, where many Turk’s expatriates, foreign investors and Arabs were able to buy the properties they wanted at a more affordable price after the foreign exchange rate increase in Turkey, especially during October and November.

According to figures released by the Turkish Statistical Institute, 2,677 apartments were sold to Arabs and foreigners during the month of October.

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Expectations of a large growth in investment volume in Turkey for 2018

The volume of investment in the public and private sectors is expected to grow by 14.5 percent next year compared to this year, the Turkish Minister of Development said during a speech at a meeting of the Turkish parliament to discuss the draft budget for 2018.

In his speech, the minister praised the new plan to attract investors, through which investors can obtain all the necessary permits from the one hand in the development agency in Istanbul, without having to review any other government agency, and said that investments next year will be in the field of Health, education, potable water, and science technology, as well as social programs to fight poverty and unemployment.

On the other hand, he pointed out that his country is doing a lot of effort to fight unemployment, where more than 900 thousand jobs are provided each year.

TAMALOK

Turkish Projects Entered the “AEC Excellence Awards 2017”

AEC

The Istanbul Metro and Tunnel Project and the Istanbul III Airport Project have entered the competition for the AEC Excellence Awards, one of the most prestigious international awards to be held in Las Vegas, USA.

The metro line (Kabataş-Mecidiyeköy-Mahmutbey) is 22.5 km long and consists of 19 stations, and 83% of the excavation has been completed and planned to be opened in 2019.

Istanbul’s third airport will be one of the world’s largest and most modern airports. It will provide services to 200 million passengers a year on completion. while the operation of the airport is expected to generate revenues of 22 billion euros in 25 years and will provide more than 100,000 jobs annually at the opening of its first phase.

Turkish Exports Hit a High Record in August

According to the Turkey Economy Minister, Turkey achieved the highest number of exports in August, reaching 13 billion and 287 dollars, up 12.36% from the previous year.

The total value of Turkish exports during the first eight months of this year reached 103 billion and 348 million dollars, an increase of 10.82 percent compared to the previous year.

The Turkish minister said that Turkey seeks to raise the growth rate in its economy to 4.4% by the end of this year.

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Turkey Economy to Rank 10th Globally by 2023

Turkey Minister of Economy declared that Turkey is seeking to develop its economy in various fields in order to reach number tenth globally and third in Europe by 2023.

The minister pointed out that Turkish economy ranked 13th in the world, and the fifth in Europe according to the International Monetary Fund, and the Minister expected a remarkable growth in the second quarter of this year.

اقتصاد

Turkey Determine the Number of Days of Eid Al-Adha Holiday in Turkey

The Turkish cabinet approved the Eid Al-Adha holiday after days of argument

In a press conference following the government meeting headed by Recep Tayyip Erdogan, Deputy Prime Minister and Minister of Government Bakir Bouzdag announced that Eid al-Adha holiday will be extended for ten days in a row to support tourism companies, travel, land and air transportation, and touristic resorts.

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Holidays

Saturday 26 August 2017 Weekend

Sunday 27 August 2017 Weekend

Monday 28 August 2017 Integrated

Tuesday 29 August 2017 Integrated

Wednesday 30 August 2017 Victory Day, public holiday

Thursday 31 August 2017 Arafa Day, Integrated

Friday 01 September 2017 Eid Al-Adha / First day

Saturday 02 September 2017 Eid Al-Adha / Second day

Sunday 03 September 2017 Eid Al-Adha / Third Day

Monday 04 September 2017 Eid Al-Adha / Fourth Day

May blessings of Allah always shine upon you and your family

Turkey Plans to Build a Third Airport in Antalya

The Turkish president said; the government intends to build a third airport in Antalya at the end of this year, in addition to the construction of two railway lines to connect Antalya the first tourist city across the country.

The Turkish president pointed to the signing of a cooperation agreement between Turkey and Japan for the establishment of a large medical hospital in Istanbul worth 1.5 billion dollars, adding that international investment flows to Turkey due to its flexibility and facilities in the legislation on investment in general.

Istanbul Ranked First on Real-estate Sales for Foreigners

tamalok 205 news

Real estate sales for foreigners in Turkey rose by 24.8 percent in June, according to a government source The number of properties sold to foreigners during the last month is one thousand and 926 properties.

The Saudis ranked first, buying 612 properties, followed by Iraqis with 239, Kuwaitis with 136, Russians with 115, and the British with 87 properties.

Istanbul topped the list of states in real estate sales to foreigners, with 903 properties, followed by Antalya with 408, Bursa 93, and supported by 77 and Ankara with 68 and Mogla 60 properties.

https://www.tamalok.com/en/news/205

اسطنبول تدعوكم لمهرجان التسوق السابع

إنها فرصة سانحة لزوار مدينة اسطنبول الساحرة لحضور مهرجان التسوق في الفترة الواقعة بين 1- 6 من تموز- يوليو 2017 والقيام برحلة استكشاف رائعة لحضارة المدينة، تاريخها، آثارها، ثقافتها، وفنونها.

مهرجان التسوق في اسطنبول

سيتم تنظيم المهرجان في 9 مراكز تجارية حيويّة مهمة، وسيضم حوالي 200 مصمم تركي وأجنبي، كما ستقام معارض وورشات عمل على هامش هذا المهرجان المميز، في حين سيشهد العديد من المسابقات بالتصميم، وتعطى جائزة أفضل تصميم للفائز الأول.

بدأ تنظيم هذا المهرجان في اسطنبول عام  2011، واكتسب منذ ذلك الوقت شهرة واسعة، وأصبح علامة تجارية عالمية بفضل تضافر الجهود وتعاون مؤسسات المدينة وجهاتها العامة والخاصة.

Turkey to Attract More Foreign Investment

Over the past years, Turkey has been keen to attract foreign investments by various means. It has introduced laws and regulations to encourage the inflow of foreign capital to invest in various fields. It has facilitated many procedures and had provide many advantages. The facilities granted to invest in real estate in Turkey are an obvious example.

Turkey has already made extraordinary efforts to attract $ 12.3 billion in foreign investment and has signed several agreements around the world; despite turbulence in the region in 2016 and the drop in global investments.

This is reflected in the World Investment Report 2017 issued by the United Nations Conference on Trade and Development (UNCTAD), which pointed out that this achievement reflects the diversity of industrial structure in Turkey, where manufacturing accounted for about half of the total foreign investment, unlike most countries in the region that rely mainly on oil .استثمار.jpg