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Blog

Feb 11 No Comments

Turkish Daily News 27.01.2021

Author: gencer
Categories: News

Turkey Hopes for Bumper Tourism Numbers in 2021

Following a decline in Tourism numbers, due to the 2020 Coronavirus pandemic, Turkey’s tourism sector is hoping that the country’s declining coronavirus cases, coupled with the roll out of the coronavirus vaccine, will attract around 25 million foreign visitors to the Turkish holiday hotspots during 2021.

A recent report from Reuters states that, although it may “take up to two years for Turkey to return to pre-pandemic tourism figures, the country hopes to attract 25 million tourists during 2021”.

In an interview with Anadolu Agency (AA), Ülkay Atmaca, head of the Turkish Professional Hotel Managers Association (POYD),  Sururi Corabatir, said he believes that Turkey’s swift action to limit the spread of the virus early on has helped boost early bookings.  He added that “the healthy and safe holiday opportunity Turkey offers to tourists has reflected positively on 2021 reservations”.

The number of foreign visitors to Turkey in 2019 was 45.06 million, bringing in around $34.5 billion in tourism revenue. In the first 11 months of 2020, the number of foreign visitors arriving in Turkey was just 12 million, a drop of 72%.

The head of the Turkey Hoteliers Federation (TUROFED) declared  “We need to reach a target of 25-30 million in 2021. 2021 is the year of crawling and standing up. 2022-2023 will be the year of running,”   He reiterated that the most important factor towards recovery will be vaccination, followed by a decline in the number of coronavirus cases in both Turkey and the countries who send tourists to Turkey.

The reported number of new cases of Coronavirus in Turkey has dropped significantly in recent weeks, following stricter lockdown measures, with just 7,103 new cases reported yesterday, whilst the countries vigorous vaccination programme, backed by a new delivery of the coronavirus vaccine, has now reached those aged 75 and over.

 

 

Positive Signs from the Turkish Auto Industry

Despite all the obstacles faced by the automobile industry worldwide, during a year overshadowed by the coronavirus pandemic, the Turkish Automotive Distributors Association (ODD) report that the year ended with positive results

The report showed that passenger car sales rose by some 57.6%, year on year, to reach 610,109 units, with almost 162,679 light commercial vehicles were sold in the year, up 77.2% from 2019.

Conversely, reports show that European car sales declined throughout the year, with a drop of 12.5% in November, as measures to restrict a second coronavirus wave hit demand in the continent’s largest markets.  In the biggest EU countries, where sales were down every month except September, year-on-year sales crashed by 27% in France and by 18.7% in Spain, while the drop was more limited in Italy and Germany, where sales fell by 8.3% and 3%, respectively.

As for Turkey, demand for automobiles increased steadily, starting in early June after low-interest loan packages for new and used passenger vehicles were introduced by public lenders. This boosted sales before interest rates started to rise.

Due to the high demand coupled with global supply chain disruptions caused by the pandemic, car dealerships across the country reported limited vehicle stocks. The supply shortage lasted until the end of the year.

 

 

Easy Turkish Tourist Visa Application for Pakistan– Revised January 2021

Pakistani visitors to Turkey, who hold an ordinary passport, are required to obtain a visa in advance of their entry to Turkey.

After completing the online premilinary application form at https://www.konsolosluk.gov.tr/ visa applications should be made through an authorised Visitor Application Centre (VAC) at Anatolia VAC in Islamabad, Lahore or Karachi.

Required Documents:

  • Visa Application Form – completed online, printed and signed by applicant.
  • Passport/Travel Document – valid for at least 6 months from your arrival in Turkey
  • Copies of all pages of any recent previous passport
  • 2 x Biometric photos, 5cm x 5cm with white background
  • Travel health insurance certificate, covering a minimum 30,000 Euros, to cover the period of stay in Turkey and repatriation costs if necessary
  • Polio vaccination certificate (for Yellow Fever and Typhoid). Certificate should be less than 1 year old and be issued by Government hospital or approved laboratory
  • Flight reservation
  • Original letter of invitation, stamped and authorised by the Turkish Notary Public.

To give strenth to your application, it is advised that the applicant obtains a letter of invitation, which should be submitted to the Turkish Notary Public by Turkish citizen. 

The letter should include details such as:  reason for visit, nature of relationship between the visitor and the invitor; full name, date of birth, address and phone number of the Turkish citizen; address where the visitor will stay

In the event there is no letter of invitation, the visitor also needs to provide:

  • Confirmation of hotel reservation
  • Employment letter (if relevant)
  • Bank statements covering the previous 3 months
  • Supporting documents related to the visitor’s reason to return to Pakistan, ie business, property etc
  • Letter of consent from the visitor for verification of submitted information

There may also be additional required documents if the visitor is a student, person under 18 years of age etc.

 

Feb 11 No Comments

Turkish News Round Up:  29.01.2021

Author: gencer
Categories: News

Sciences

An awards ceremony, held at the Presidential Complex in Ankara, and seen as Turkey’s equivalent to the Nobel Awards, saw recognition for some of the country’s up and coming scientists yesterday.

Hosting the ceremony, which was organized by the prestigious Scientific and Technological Research Council of Turkey (TÜBITAK) and the Turkish Academy of Sciences (TÜBA), President Recep Tayyip Erdoğan recognised the thriving science community, in fields ranging from health, engineering and social sciences.  He observed “Turkey’s accomplishments in the past 18 years are thanks to recognizing knowledge and science. Scientists are undoubtedly the most important architects of this success with their sacrifice of time to create added value for their nation and humanity, along with parents who devote themselves to the education of their children. Every new study or project you undertake demonstrates Turkey’s strength in the sciences. We are trying to support every scientist discovering, researching and producing,”

The president also mentioned the scientists’ efforts in the fight against the coronavirus. “Three innovative (Turkish) vaccine candidates are on the verge of starting phase studies. Work by our professors has the potential to become the third vaccine candidate in the clinical stage in its category in the world,” he said, and observed that there were currently some 436 researchers working on 17 projects for vaccine and drug development via the platform initiated by TÜBITAK.

The recipients of this years’ TÜBITAK awards in the Basic Sciences category were professors Mustafa Soylak, for his endeavours in the field of chemistry and Ismail Turkan who was awarded for his work.  In the Engineering Sciences category professors Ozgur Baris Akan was awarded for his work on communications theory and the “Internet of Things” (IOT)  and Hilmi Volkan Demir was recognised for his work on semi-condutor nanocrystal optoelectronics.

Together with their awards, each recipient receives a research grant, to allow for further studies in their chosen fields.

The TÜBITAK Special Award went to Professor Cengiz Sinan Özkan and a further 13 Incentive Awards were handed down to other noted scientists.

TÜBA international awards were handed to Erik Jeppesen, a Danish professor working on the impact of climate change; Okyay Kaynak, a mechatronics researcher, who serves as emeritus professor at Boğaziçi University in Istanbul ; Palestinian professor Wael B. Hallaq, who is a leading scholar in the field of Islamic legal studies at Columbia University in the USA and Murat Günel, a leading authority in his field of carotid artery and gamma knife surgery.

A further 31 young scientists were awarded the Outstanding Young Scientist award by Tuba.

 

Food

As we all know, Turkish cuisine is among the best in the world – and this was confirmed at the Taste Atlas awards 2020 held recently.  The world’s top 100 world-famous dishes were announced, based on ratings by over 63,000 tasters, with Turkey’s Adana Kebab being ranked in 2nd place with over 60,000 votes, beaten only by the Margharita Pizza.

Turkey was also mentioned a further four times in the top 20 list, with the Doner Kebab (5th), Sarma at 10th, the stuffed vine-leaf dish, Dolma, had a mention at 11th place and the humble Kofte made it at number 20.

The Adana kebab is traditionally made by combining hand-minced lamb and tail fat, kneaded together with garlic, onion, paprika, and hot red pepper flakes, to give a deep red color and a spicy flavor, before pressing onto iron skewers and grilling on an open barbecue.

Marking the recognition of his city’s famous kebab, which received a Controlled Designation of Origin registration in February 2005, Atila Menevse told Turkish radio of his pride that Adana’s trademark dish had been honoured in this way.  “This award is valuable for our city and our country” he said, and continued “we are elated to receive this recognition.  Adana is a city rich in gastronomy, with a wealth of tastes which has been handed down from our ancestors.”

Adana is continuing efforts to promote it’s unique traditional and historical cuisine, with other tastes also being showcased.  Mr Menevse informed reporters ““We are trying to create a brand for our city and provide benefits to its economy. Adana kebab is a taste and jewel known and wondered about around the world, not just in Turkey. We are striving to polish this jewel and others like it, and to raise them to their deserved heights,”

 

School Holiday Ideas

As schools in Turkey begin their annual holiday, which this year has been extended to 3 weeks (albeit most children have been learning from home for several months due to Covid-19 restrictions), many parents will be wondering how to keep their off-spring entertained, and reward them for coping with what must be seen as the most difficult of times, for youngsters who have been incarcerated at home for some 21 hours each day.

Whilst no-one is advocating a hotel break in these strange times, there are countless wonderful and natural outdoor wonders to visit on the doorstep of many of Turkey’s cities and towns.

One such visit could be to your local archaelogical site, many of which are easily accessible, being just a few hours drive, such as Ephesus – the best preserved ancient site on the Mediterranean and a UNESCO listed World Heritage site, or the nearby historic site of Selcuk coupled with the neighbouring Ottoman village of Sirince.

Another outing could be to Troy, (known in Turkey as Truva), the site of the famous Trojan wars, and of course the Trojan Horse as related in Homer’s Iliad, and where an impressive new archeology museum stands to enhance your family’s experience.

Troy is located conveniently close to the coastal town of Canakkale, where you can take a boat to Gallipoli, the historic battleground where thousands of Turkish, British, Australian and New Zealand troops lost their lives in World War 1 and whose valiant efforts are remembered at grand ceremonies on Anzac Day (April 25th).

 

On another day, why not visit the lesser known walled town of Iznik.  This pretty and historical town, previously Nicaea, is known as the birthplace of the Nicaean Creed, the foundation of Christianity.   The town’s Lake Iznik, which recently revealed the St Neophythos Basilica, is home to many species of waterfowl and, being a flat terrain, is an ideal place to take the family for an afternoon’s cycling around it’s 32km perimeter.

The town is also known for it’s famous pottery and there are numerous ceramic workshops available.

 

Another suggestion for yet another family outing – this time to the Yedigoller National Park (7 lakes) in the Black Sea province of Bolu.  Winter often sees heavy snow in this region, which makes the area a magical place to visit at this time of year.

The area is home to a variety of wildlife such as bears, lynxes, foxes, wolves and otters – with a separate reserve for deers and is an excellent place to hike or cycle.

 

Finally, a little bit further away from Istanbul, yet just over an hour’s flying time, is one of Turkey’s most visited areas – Cappadocia, which captivates visitors due to the ‘fairy chimneys’, thespecial formations of rock which are prevalent in this area.  Whilst the area’s famous balloon rides may not be an option in freezing conditions, winter generally sees this area covered in a blanket of snow, making for an ethereal experience to this magical birthplace of Christianity.  Your children will be enthralled with their visit to an underground city, and in awe of the tales of early Christians hiding many feet beneath the surface of the town.

The Goreme Open Air Museum is home to many well-preserved churches and cave paintings, and indeed, your hotel here is very likely to be one of the many which have transformed some of the area’s caves into unique rooms usually with steaming hot tubs and hamams also on hand to warm up after your day’s exploring.

The towns and areas mentioned here can be considered far more enjoyable during the cooler winter months, and far less busy than in the tourist-ridden, sweltering summer days and it is often fascinating to explore the history, beauty and forgotten towns and villages right on your doorstep.

Feb 02 No Comments

Turkish News Round Up -01.02.2021

Author: gencer
Categories: News

The fight against PKK

It is reported that, together with Iraqi military forces, Turkey may soon launch an operation in Sinjar, Northern Iraq – the home of the terrorist organisation PKK, which has been responsible for many terrorism attacks in Turkey over the last 40 years.

Experts describe how such an attack would not only  deal a heavy blow to terrorist groups like the PKK and Daesh, but it would also thwart the formation of a terror corridor by the PKK’s offshoots and restore stability in the region, although such partnership would require the sincere commitment of the Baghdad and Irbil administrations.

Can Acun, a foreign policy expert, Turkey said “We see that the PKK exploits instability in the region to strengthen itself, and this poses a threat to not only Turkey but also the interests of the Baghdad and Irbil administrations,” Acun said, adding that the elimination of the PKK would work in favor of all legitimate actors in the region.

It is not yet clear whether the operation with be a joint or unilateral one, but Mr Acun noted that Iraqi military aspires to eliminate groups linked with PKK, such as the Sinjar Resistance Unit and that Turkey is ready to provide support if necessary.

Turkish and Iraqi officials have held several meetings in recent months to discuss the issue of Sinjar. Most recently, the National Security Council (MGK) discussed the matter and Defence Minister Hulusi Akar has just visited Iraq, saying that co-operation between Ankara and Baghdad, as well as Ankara and Irbil, will lead to important developments in terms of the fight against terrorism.

Tourism

Despite falling tourism numbers, which saw revenue slashed by 2/3 last year due to the Covid-19 pandemic, Turkish Tourism chiefs are confident that 2021 could see more tourists visiting the country’s holiday hotspots before the end of the year.

Taleb Rifai, secretary-general of the U.K.-based World Tourism Forum Institute (WTFI), told Anadolu Agency (AA). “Turkey is doing very well. If Turkey continues to inspire trust and confidence for visitors, it may reach the pre-2020 rates before the end of 2021”

The revenue raised by Turkey’s tourism sector is necessary to decrease the current account deficit.  However, with global travel restrictions, stay at home orders and the closure of restaurants and hotels, the number of foreign visitors fell by 71.7% in 2020, leading to a drop in income of $12.06 billion (88.19 billion TL), a shortfall of 65.1%.

Noting that coronavirus-related travel restrictions caused the tourism sector to collapse, Rifai said noted that, even if borders reopen, people will probably not start traveling immediately due to issues with “trust and confidence perceptions” however it is believed that Turkey’s robust vaccination programme will have a positive impact on the tourism sector.

The Culture and Tourism Ministry kicked off a Safe Tourism Certificate program at the very beginning of the coronavirus outbreak, implementing effective measures at airports, accommodation facilities and beaches to curb the spread of the disease, which led to tourists being able to holiday with peace of mind.

Touching on Turkey’s success in dealing with the crisis in the 21st century, Rifai underlined the importance of strong political will and belief for the resilience of the tourism sector.  “It is about everyone in the world. It is not about competition but rather coordination and good management,” he added.  Mr Rifai added that the world will not return to the “good old days” in the short run but feels “We will go back to sustainable growth maybe by 2022,” he said. “It will depend on how successful governments are in promoting safe vaccines and the vaccine’s success rates,” he noted.

In 2019, Turkey welcomed 45 million foreign visitors, up from 39.5 million from 2018.  Amongst others, Turkey welcomes visitors from Russia (16.8%), Bulgaria (9.8%), Germany (8.8%), Ukraine (7.8%) and Great Britain (6.4%).

Export

Friday saw two trains leave Turkey, carrying export goods on the Baku-Tblisi-Kars railway.  One train, heading to Russia is the first block train to use the route, whilst the second train, carrying boron containers to China is the third train to do so.

The trains indicate Turkey’s importance on the modern Silk Route trade and global transportation network. At the sending off ceremony in Ankara, Transportation and Infrastructure Minister Adil Karaismailoğlu, said the country has become the most strategic connection on the Iron Silk Road and also noted that China’s Belt and Road Initiative (BRI) project – an ambitious initiative connecting China, Asia, Europe and the Middle East and covering a large trade and investment area – is important for Turkey and is an opportunity to expand exports.

The BTK line connects Azerbaijan’s capital Baku on the Caspian Sea to Turkey’s eastern border city of Kars via the Georgian capital, Tbilisi. Meanwhile, China’s Iron Silk Road connects China to Europe via Turkmenistan and Kazakhstan to Baku via train ferries. The trains cross Georgia to enter Turkey via the BTK and then reach the western coast of Turkey before entering Europe.

The BTK started operations on 30th October 2017, and began a new era in global rail transportation.  Mr Karaismailoğlu informed reporters that the rail line has reduced cargo transport time between China and Turkey to just 12 days from one month, while the integration of the Marmaray tunnel, which connects Istanbul’s Asian and European sides, and lies beneath the Bosphorous, thus being dubbed “the project of the century,” has reduced the travelling time between East Asia and Western Europe to 18 days.

Mr Karaismailoğlu stated “The export train we are sending off today will travel approximately 4,650 kilometers (2,889 miles) to Moscow, using the BTK line, carrying some 3,321 dishwashers, stoves and ovens produced in Turkey, and delivered to the Vladimir Region of Russia in 15 containers over 15 wagons,” before adding that the development in this transport, which was previously carried out via sea and land routes, is the result of the trust shown in Turkey’s railway transportation.

Underlining the importance for both Russia and Turkey to transport their exports and imports via the railroad and thus strengthen commercial relations, Karaismailoğlu noted that these shipments are not just for commercial activities alone.

“Trade and purchasing are among the most important elements of the multidimensional relations between Turkey and Russia and also strengthen the bridge of friendship between the two countries,” he said.

Turkey-EU Relations – Health

On Thursday, The head of the European Union Delegation to Turkey, Ambassador Nikolaus Meyer-Landrut, visited the construction site of a new 300-bed state hospital in Turkey’s southern province of Kilis, which is being financed by the EU, managed by the Council of Europe Development Bank (CEB) and implemented by Turkey’s Health Ministry.

Kilis, located near the border with Syria, has seen its population double due to an influx of Syrian refugees and is one of the provinces with the highest percentage of Syrian refugees.

“The construction of this hospital, which will provide health services to both the local community and Syrian refugees, is part of a European contribution to improve the health structure in the Kilis province.  It will double the space available in hospitals in the area,” Meyer-Landrut told journalists after visiting the hospital construction site which, according to the CEB, is expected to be operational by October 2021.

The ambassador also visited the refugee health center and the Elbeyli temporary refuge center.

Continuing his visits in the region, Mr Meyer-Landrut

Going on to Gaziantep to continue his visits in the region Mr Meyer-Landrut stopped at the Archaeology and Cultural Heritage Institute in Gaziantep , which was established in collaboration with the EU. The envoy underlined the significance of mutual cooperation between Turkish and EU institutes as well as artists within the scope of dialogue with civil society.

Saying that the EU has finalized the transfer of 6 billion euros (about $7.3 billion) to be used in projects for migrants according to the deal between Ankara and Brussels in 2016, Meyer-Landrut said the bloc expects the projects to be implemented, mostly by local authorities, after the transfer of the promised amount in the migrant deal. He added that cooperation with Gaziantep will be strengthened with the new projects due to the province’s position as an important hub for refugees.

Gaziantep Mayor Fatma Şahin, said the municipality created a “Gaziantep model” in its relations with refugees, carrying out special projects for children’s rights, women’s rights and human rights. The veteran mayor added that she would like to continue working with the EU delegation on joint projects for refugees.

 

May 18 No Comments

Turkish Airlines plans to reopen a limited number of flights

Author: turesta.com
Categories: Investment Turkey,Real Estate Turkey
Turkish Airlines plans to reopen a limited number of flights

Turkish Airlines will fly to just 19 countries next month. Slowly develop the service to 99 countries by September, according to an outline plan. The airline shut down all international passenger flights because of coronavirus. However, the airline will fly to just 19 countries next month, the April-dated plan suggested. Besides, Turkish Airlines has drafted a flight plan for June, July, and August, Anadolu Agency reported.

Turkish Airlines: 22 destinations in 19 countries

According to the three-month flight plan, starting in June, Turkish Airlines will fly to 22 destinations in 19 countries, including Canada, Kazakhstan, Afghanistan, Japan, China, South Korea, Singapore, Denmark, Sweden, Germany, Norway, Austria, the Netherlands, Belgium, Belarus, Israel, Kuwait, Georgia and Lebanon, with a weekly frequency of 75 flights. Reporters show that it plans to progressively build up the number of destinations to 99 countries in September.

Turkish Airlines, which carried more than 74 million passengers last year, has suspended passenger flights until May 28 after borders were shut down to stem the spread of the novel coronavirus. Ankara has launched efforts to gradually revive the economy from late May after the spread of the virus slowed over the past two weeks. Turkey has about 130,000 confirmed coronavirus cases.

Source: TRTWorld and agencies

If you want to learn more about how to buy a property in Istanbul, from the comfort of your home. Please call or message us.  Our Consultants are waiting to call you back, to explain how you can soon be the owner of a new property in Istanbul, with minimal effort! Alternatively, check out the FAQ page on our website. You can also find more information about the services we offer.

Mar 26 No Comments

How Covid-19 Effects Turkish Real Estate Market?

Author: turesta.com
Categories: Investment Turkey,Life Style in Turkey,Projects,Real Estate Turkey,Turkish Economy
How Covid-19 Effects Turkish Real Estate Market?

Even though Turkey is quite successful in the ranking of the fight against Covid-19, the disease has affected Turkey as well as all over the world. While many sectors are economically affected by this situation, the effects have also been in Turkey’s real estate market.

Real estate market fluctuations began to occur. The main reason for this decline against previous high market conditions is, of course, new travel restrictions. But that doesn’t have to be an obstacle to investors.  Affordable homes are still waiting for investors in the immobile market. In fact, in this period, the prices are affordable, more than it has been in the past years. The only question on your mind must be “How to buy property from Istanbul Online?” It is the answer is simple: Turesta.

How Covid-19 Effects Turkish Real Estate Market?

Buy Online Property

Turesta is a well known real estate agency of Turkey. It has the widest and most up to date portfolio in the Istanbul market. On its page, every listing has a detailed explanation, with location information, videos and price information. You can relax knowing that you will not pay any commission or agency fee with Turesta. The price you see is the price you pay!

Turesta’s expert team is working remotely to answer all of your inquiries and can organize virtual Skype meetings with developers, to organize virtual tours of the property/properties you are most interested in.  During this process, our dedicated and professional team can answer all of your questions to give you peace of mind.  Once you have made your decision, a reservation fee is enough to start the buying process.

Turesta’s After Sales Team can help you to arrange a Power of Attorney, following which we can continue the process of buying your property, without you having to leave the security of your own country.

Turkish Real Estate Market:

Investment Opportunity: 25% Discount

The project you should see as an investment opportunity during this period is TUR214 with a 25% discount. What makes the TUR214 project different as a concept is that the project offers you the standard services. (Even you don’t aware that you have needed.) For example, you can see the traffic density when you leave your home. Or another example, you can arrange to air-condition at your home when you are on the way home.  Moreover, the projects offer life not only with smart home automation scenarios. But also with extraordinary architectural solutions in order to provide security measures, white goods, lighting, power/energy saving, and necessary comfort for modern life.

Are you asking yourself why I would buy this project? We have six simple answers:

  • 25% Discount
  • Art&Smart concept
  • Location advantage
  • Investment advantage
  • Smart home system
  • Modern architecture

If you are interested in learning more about how to buy a property in Istanbul, from the comfort of your home. Please call or message us.  Our Consultants are waiting to call you back, to explain how you can soon be the owner of a new property in Istanbul, with minimal effort! Alternatively, check out the FAQ page on our website. You can also find more information about the services we offer.

 

 

Mar 24 No Comments

Coronavirus And How You Can Still Invest in Turkish Real Estate

Author: turesta.com
Categories: Investment Turkey,Legal Affairs,Life Style in Turkey,Projects,Real Estate Turkey,Turkish Citizenship,Turkish Economy

As Turkey introduces more measures in order to beat the Coronavirus, coupled with the news that flights from 46 more countries are banned from entering the country. There is little doubt that Covid-19 is affecting many lives and livelihoods.

However, despite such desperate times, many investors are still considering how they can acquire new properties. They are also considering how they can acquire and/or passports, in safer countries. (For themselves and their families.)

The good news for investors is that, as borders close and fewer buyers are visiting Istanbul, there are fewer property sales, which can only mean that developers are worried.  This is turn is sure to see some good deals available, as developers are keen to make an extra sale. 

Fortunately, with the aid of modern technology and improved communications, Investors are able to take advantage of this situation, and beat the travel restrictions, by buying property without even visiting Istanbul – here’s how.

How to buy property from Istanbul Online

Turesta has the widest and most up to date portfolio in the market. Every listing has a detailed explanation, with location information, videos and price information.  And, with Turesta, you can relax knowing that you will not pay any commission or agency fee.  The price you see is the price you pay!

Turesta’s expert team is working remotely to answer all of your inquiries and can organize virtual Skype meetings with developers, to organize virtual tours of the property/properties you are most interested in.  During this process, our dedicated and professional team can answer all of your questions to give you peace of mind.  Once you have made your decision, a reservation fee is enough to start the buying process.

Turesta’s Aftersales Team can help you to arrange a Power of Attorney, following which we can continue the process of buying your property, without you having to leave the security of your own country.

Finding and Buying Real Estate in Turkey for Sale

Advantages of Buying Property Online

Knowledgeable investors know that timing is everything!  As the property market reels from the current situation, when working with Turesta, you are in the best possible position!

By buying online you have the advantage of having the time of your side, without having to worry about travel constraints, battling with traffic, etc.  All the information you need will be at your fingertips, direct from our website, or from our experienced and knowledgable consultants – who will liaise with the developers, and handle all the buying process, on your behalf, keeping you informed every step of the way, in a hassle-free and secure manner.

With the widest and the most up to date portfolio in the market, Turesta has a reputation for fair-trading, honesty, and credibility, which is why we continue to have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

You will not pay any commission or agency fee…

One of the cornerstones of our success is that the properties we choose high standards of quality and design. Also, we choose it in optimum locations. Are you are looking for a home to live in or making a rational investment plan? We ensure that you get the best value for your money.   Not forgetting that, when you make a property purchase through Turesta, you will not pay any commission or agency fee.  The price you see is the price you pay!

Istanbul is a place for family life and a growing investment market for domestic and foreign investors. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas which are attracting investors’ attention.

If you are interested in learning more about how to buy a property in Istanbul, from the comfort of your home. Please call or message us.  Our Consultants are waiting to call you back, to explain how you can soon be the owner of a new property in Istanbul, with minimal effort!

Alternatively, check out the FAQ page on our website.Yyou can also find more information about the services we offer.

 

 

Mar 18 No Comments

Finding and Buying Real Estate in Turkey for Sale

Author: turesta.com
Categories: Investment Turkey,Legal Affairs,Life Style in Turkey,Projects,Real Estate Turkey,Turkish Citizenship,Turkish Economy
Finding and Buying Real Estate in Turkey for Sale

Turkey is one of the most preferred countries in the search of investment. If you have been thinking about buying real estate in Turkey, whether for investment or living, now the best time. Therefore, in this article we want to introduce you to Turkey real estate market.

Where is Turkey?

Turkey is officially known as the Republic of Turkey. It is located at the crossroads of the Balkans, Caucasus, Middle East, and eastern Mediterranean. The country is a unique one which connects Asia and Europe. The part of Turkey in Europe is separated from Anatolia by the Sea of Marmara, the Bosporus and the Dardanelles. The country is positioned 95% in Asia and 5% in Europe. It is also surrounded by sea on three sides. The Mediterranean in the south, the Aegean in the west, and the Black Sea in the north.

Finding and Buying Real Estate in Turkey for Sale

Where Is The Capital of Turkey?

Ankara is the capital of Turkey. The city became the Turkish capital on 29 October 1923. It is the second largest city of Turkey. First largest city of Turkey is Istanbul. It located at the centre of Turkey’s road and railway networks. And Ankara also is one of the important commercial and industrial city of Turkey.

Turkey Real Estate

The real estate market in Turkey achieved nearly $29 billion in income in between 2011-2018. Istanbul was the first province with 58.488 sales in between 2015 and January 2020. According to information provided by the Turkish Statistical Institute (TurkStat), nearly 1.35 million housing units were sold in Turkey in 2019. While up to 45,500 houses were bought by foreigners, seeing a 14.7% increase compared to the previous year. In January 2020, 3.907 houses were sold to foreigners. In house sales to foreigners became 3.907 by increasing 23.3% compared to the same month of the previous year. Istanbul was the first province with 1.875 sales in January 2020. 

Real Estate in Turkey for Foreigners

Turkey welcomes foreign investors due to its advantageous programs. An investor may become eligible for Turkish citizenship upon purchase of real estate. When you buy property/properties, with a combined value of at least $250.000, you can apply to the Tapu Office and request to obtain Turkish Citizenship. Turkey has a privileged citizenship program for investors called “The Turkish Investor Program”. The program enables an investor to receive a Turkish Passport with same rights as a Turkish citizen. For more information about citizenship program, you can visit our “The Turkish Investor Program” page.

Which City is the Most Popular According to Real Estate Market?

The largest city in the country is Istanbul which natural bridge between Europe and Asia. It is the favorite destination for travelers with its nature, history and culture. Many thousands of tourists visit Istanbul every year, to savor the extensive historical sites which date back to the 6th century BC. The city divided into 39 districts.

The positive side to Istanbul is that it has a variety of options in terms of lifestyle, from a modern environment to traditional local settings. It boasts many appealing aspects such as a multicultural society, rich history and an advantageous geographical location. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention. Buying real estate from Turkey can be a challenge. 

Real Estate Market in Istanbul

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

You can find properties in Istanbul with high standards of quality and in an optimum location to fulfill your expectations. Whether you are looking for your own home, or an investment property. Istanbul has a wide variety of real estate options.

International financial & real estate experts such as Deloitte, HSBC, Bloomberg, KPMG and Knight Frank are expecting property prices in Istanbul to keep soaring up in the next 5 year period due to below reasons:

    • It’s now cheaper and faster to build new properties thanks to improved construction technology
    • Increasing house prices driven by the demand & young population
    • Rising foreign demand in Turkish property market
    • Actual and forecasted record levels of tourism in Turkey
    • Extremely healthy economic conditions of Turkey

Istanbul Real Estate Statistics

In the 2019, real estate sales to foreigners in Turkey reached its highest level. Istanbul took the first place with 18,207 homes corresponding to an increase of 50 percent compared to previous year in 2019 Statistics. Turkish Statistical Institute (TurkStat) has announced that 113,615 houses had been sold in Turkey in January 2020. Istanbul took the first place again in list. It followed by Ankara with 11,989 house sales.

As a Real Estate Agency Turesta’s History

Buying real estate or any property in a foreign country, especially coupled with a Citizenship application, can seem very complicated.  Without doubt you need to find a professional and trustworthy real estate lawyer to guide you through your property purchase and Turkish Citizenship application. For that reason, you may have already discovered that there are many real estate agencies in Turkey.

What sets us apart from them is our integrity. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services. 

 

 

Mar 18 No Comments

Buy Property From Istanbul Online

Author: turesta.com
Categories: Investment Turkey,Legal Affairs,Projects,Real Estate Turkey

Due to current events, travels are limited. As a result, there is only one question in mind of those who are considering buying property from Turkey. How can I buy real estate from Turkey (especially from Istanbul) without coming to the country? Answer is simple: buy property from Istanbul online!

Turesta has the widest and the most up to date portfolio in the market. Every listing has detailed explanation, location information, videos and price information. In addition Turesta’s expert team working remotely to answer your enquiries.

Turesta Is With You…

Who are we? Turesta has the widest and the most up to date portfolio in the market. Every listing has detailed explanation, location information, videos and price information. In addition Turesta’s expert team working remotely to answer your enquiries. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

How to buy property from Istanbul Online

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

Turesta’s expert team organize virtual meetings with developers through Skype organize virtual tours in the property that they are interested. During this process our expert team answers all the questions you have in mind. When the investor made decision, it is required to send a reservation fee to start buying process. After this, investor should arrange power attorney, Turesta after sales team can walk you through these process step by step.

Advantage of Buying Property Online

Timing is everything when you are making investment, when you are buying property online, you are agile to make your decision in the right time. You are not restricted with travel agendas, you don’t have to travel across to city one project to another. You can see all the related details through our consultants or our website.

It is hassle free and secure, Turesta’s expert team will handle all the process on behalf of you, complete your property purchase process. Most of our clients doesn’t even have to move a finger when they are in Istanbul now you can get benefit of this service without leaving your country.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services.

 

 

Mar 03 No Comments

March 2020: Now is a great time to invest in Istanbul

Author: turesta.com
Categories: Investment Turkey,Legal Affairs,Projects,Real Estate Turkey,Turkish Citizenship,Turkish Economy

Istanbul has long been a favorite destination for travelers whether for business or pleasure. And the number of property sales to foreign investors continues to grow. However, with the recent news announcement, which proves that there is every reason to be confident in Turkey’s economy. The property market is bound to see even more sales to foreigners over the coming months.  Of course, prices will rise, to meet demand, so there really hasn’t been a better time to invest in Istanbul!

Turkey’s Economy

Official figures just released show that Turkey’s economy grew by 0.9% in 2019, with GDP standing at $755 billion last year.  These figures have resulted in Fitch ratings upgrading Turkey’s 2020 GDP forecast by 0.8% to 3.9%, according to Douglas Winslow, the ratings service’s director, who explained that confidence in Turkey’s economic growth is increasing.

Turkish Government’s Plans

The Turkish government have also released plans which show acontinuing commitment to investment in Turkey’s economy, with 11 projects receiving funding totaling some $71m.  This announcement, together with news that further support is being introduced to increase Turkey’s tourism market, by removing the visa requirement for several countries, aiming to attract around 75 million foreign tourists by 2023, was welcomed by financial markets and industry bosses.

Undoubtedly foreign visitors will also see the opportunity to invest in the country’s property market and property sales to foreign investors is expected to increase month by month during 2020.

Invest in Istanbul, Turkish Citizenships and More…

Another indication that buying a new property in Istanbul is at the forefront of investor plans was confirmed by the news that Turkey has already granted more than 5,000 Turkish passports since legislative amendments were made 2 years ago. Turkey’s Interior Ministry said a few days ago that citizenship applications continue to rise, with 5,111 Turkish citizenships already issued, and a further 9000 still being processed.  Acquiring Turkish citizenship is an easy process for investors who buy Turkish real estate to the value of $250,000.  This figure was substantially reduced 2 years ago whichh ledled to a boom in demand for residential properties across the country.

According to information provided by the Turkish Statistical Institute (TurkStat), nearly 1.35 million housing units were sold in Turkey in 2019, with up to 45,500 houses being bought by foreigners –  a 14.7% increase compared to the previous year.

If you have been thinking about buying a home in Turkey, whether for investment or living, now is the best time. Furthermore, Turesta’s reputation for integrity and good service. backed up with a no-fee service, and smart legal team will ensure your purchase and citizenship application is a smooth and easy process.

As one of the industry’s longest established companies Turesta Real Estate offers  the best  service for investors. With our finger on the pulse, we are fully aware of latest legislative changes and offer sound advice and support to all investors. .  Our experienced Aftersales Department   can take care of your property, whether you are looking for a simple key holding and bill payment facility, or need to earn money by renting your property, our team is at your service in Istanbul

Turesta, a name you can Trust

For further information, or advice about investing in Istanbul , please call or message us. 

You can also visit our office in Istanbul, to  chat with a specialist

For more information please check out  our FAQ page and services.

 

Feb 24 No Comments

Istanbul, Turkey – Real Estate News February 2020

Author: turesta.com
Categories: Investment Turkey,Legal Affairs,Projects,Real Estate Turkey,Turkish Citizenship,Turkish Economy

Istanbul, Turkey – Real Estate News February 2020. Yesterday saw an exciting news announcement. Turkey is relaxing visa rules for several countries, in an attempt to increase tourism and attract new business links.  A natural follow on from this rule, is that new visitors to Turkey will undoubtedly see the potential for buying property. They see the potential in places like Istanbul, Antalya, Bodrum etc, which will lead to increasing prices to meet demand.

The new law, aimed at attracting new visitors to Turkey, will come into effect from 2nd March, 2020, following which Real Estate experts believe that property sales to foreigners will increase.  Istanbul in particular is bound to attract more foreign property buyers, who may want a holiday home in this most exciting of cities, whilst other investors in Turkish property will buy in order to take a Turkish Citizenship by Investment.

Real Estate News Alert February 2020: Over 1.35 million Turkish properties sold in 2019

The sale of property in Turkey continues to rise, and foreign buyers were responsible for 45,500 house sales in 2019. An increase of over 14% on 2018 – over 20,000 of these being in Istanbul. It is one of the world’s favourite cities for tourism, education, business and living.  These figures are expected to increase in 2020, particularly with the news that travellers from the United Kingdom, Austria, Belgium, the Netherlands, Spain and Portugal will no longer have to apply for a travel visa, which will no doubt see property sales to foreign Investors reaching new heights.

As one of the industry’s longest established companies Turesta Real Estate is best place for investors. We offer advice and support to all investors. We are here with an excellent legal team to assist with Citizenship applications. And also we have a very experienced Aftersales Department who will look after your property in your absence. Turesta offer a commission-free service, backed up with our promise of competence, confidentiality and continuing service.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services.

 

 

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