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Properties sold to foreigners online

Turkish real estate companies have launched online property sales to foreigners as the coronavirus pandemic prevents potential homebuyers traveling to the country.  “..

Turkey’s economic outlook and strategies for future

The Central Bank of the Republic of Turkey (CBRT) kept its policy rate at 8.25% at the Monetary Policy Board (MPC) meeting held on Aug. 20. In a statement after the meeting, the board said that the re..

Istanbul mansion of Jewish architect who fled Nazis on sale for $13 million

The Istanbul mansion of renowned Jewish German architect and urban planner, Bruno Taut, who fled Nazi Germany for Turkey, has been put on sale for TL 95 million ($12.8 million). The villa, overlook..

Istanbul metro boosts number of female drivers

Metro Istanbul, the municipality’s company running metro lines, hired 88 female drivers, increasing the number of female drivers from only 11 to 99. New drivers received their badges after compl..

How to buy a home in Turkey as a foreigner

If you are looking to buy a house in Turkey as a nonresident, there are a few things you should keep in mind when it comes to legal matters. From the documents you need to understanding what you're lo..

Istanbul ferry fares almost free now

Ferry services between Istanbul’s Asian and European sides dropped their fares to only TL 0.05 for a limited time starting on Thursday. The city's Transportation Coordination Council (UKOME)..

Cheap loans bring fivefold increase in housing sales in Turkey

As part of the Turkish real estate firm Emlak Konut's campaign that was announced in early June, 6,300 units worth around $1.27 billion have been sold so far.. Home sales soared in Turkey due t..

Over 9,000 foreign investors gain Turkish citizenship in 2 years

More than 9,000 foreign investors have gained Turkish citizenship with the legislative amendments that make it possible for foreigners to acquire it with a $500,000 (TL 3.38 million) investment. A ..

Turkish lira strengthens against dollar with new swap move with Qatar, more to come

Turkey and Qatar’s central banks raised the currency swap limit to $15 billion from $5 billion, the Central Bank of the Republic of Turkey (CBRT) announced Wednesday, while Treasury and Finance ..

Turkey ranks 14th among world's most advantageous real estate markets for foreigners

In new research that listed the 25 most advantageous real estate investment markets, Turkey secured 14th place, outpacing countries like Spain, Portugal and Greece thanks to its affordable prices, gro..

Turkey to relax coronavirus restrictions from June 1

Turkey will lift restrictions on intercity travel and allow restaurants, cafes, parks and sports facilities to reopen from June 1 as it eases restrictions imposed to curb the coronavirus outbreak, Pre..

Turkey's Arab community adapting to pandemic lifestyle

Like others, Arab immigrants that include the diaspora living in Turkey are also struggling to adapt to life during self-isolation, secluded and cut off from their busy routines. But for many the lock..