Latest Turkey Real Estate News

According to the United Nations World Tourism Organization (UNWTO), tourism worldwide is showing a strong recovery. Best performance was seen in Mediterranean countries including Greece and Turkey within Europe.

Fitch has raised its growth forecasts for Turkey, Brazil, South Africa and Poland. Fitch raised its growth forecast for 2022 from 2.4 percent to 4.5 percent.

Natural gas pipes will be laid on Black Sea, to land. A ceremony is expected to be held on June 13 with the participation of President Recep Tayyip Erdogan to launch the pipes.

Trade Minister Mehmet MUS evaluated the growth figures for the first quarter of the year announced by TURKSTAT. He said, 7.3% growth is really a great success for Turkey.

Turkish government lifts PCR test requirement at entry to Turkey. From June 1, there would be no requirement for PCR with a negative result for entries to Turkey.

The amendment on the subsequent acquisition of Turkish citizenship was published in the Official Gazette. The amendment makes it possible to purchase real estate worth 400 thousand dollars.

A hike in house prices which have recently seen price increases exceeding 100 percent, also came after 3 separate housing packages announced by President ERDOGAN.

Minister of Trade Mehmet MUS and Minister of State for Foreign Trade of the United Arab Emirates Thani Bin Ahmed Al Zeyoudi held a press conference for the “Turkey-United Arab Emirates Comprehensive Economic Partnership Agreement”.

According to a recent study on the change in house prices for sale in all cities, the increase in Istanbul was 118 percent, followed by Ankara with 104 percent and Izmir with 84 percent, on an annual basis.