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Invest in Turkish real estate

Invest in Turkish real estate Invest in Turkish real estate:  Ziad Al Bassam, the CEO of the Saudi Arabian-based Al-Bassam Group, has announced that the group and Sumou Holding will launch a new fund of TL 2 billion ($750 million) in Saudi Arabia in order to invest in Turkish real estate. Delivering a speech at…

istanbul gains value with mega construction projects

Istanbul gains value with mega construction projects Istanbul gains value: istanbul is an extremely crucial center for the construction and real estate sectors as, especially, when the real estate sector is concerned, it is apparent that Istanbul is the biggest market for real estate. The migration to this metropolis continues at the same fast pace…

Real estate prices Istanbuls third airport

Real estate prices Istanbul’s third airport Real estate prices Istanbul’s third airport: According to data published last October, real estate prices in Çatalca and Eyüp – districts close to Istanbul’s third airport – rose respectively by 76.46 percent and 29.81 percent. Rent prices also went up. The monthly rate for apartments in Arnavutköy and Çatalca…

New City Project in Istanbul

‘New City Project’ in Istanbul envisages huge city park, 50,000 residences for urban transformation New City Project in Istanbul : The Istanbul Metropolitan Municipality (İBB) Council approved Wednesday a plan to build approximately 50,000 residences in Esenler district on the few remaining large slots of land near the city center, which was handed over by…

Kanal Istanbul mega project

Kanal Istanbul mega project Kanal Istanbul mega project The omnibus bill, which includes regulations on compulsory traffic insurance, the Kanal Istanbul project and the cancellation of general health insurance premium debts, has passed into law after receiving parliamentary approval. The omnibus bill stipulates amendments to some laws, statutory decrees and the law relating to pensioning…

Istanbul’s Eurasia Tunnel to be completed 8 months earlier

Istanbul’s Eurasia Tunnel to be completed 8 months earlier Transportation, Maritime, and Communication Minister Binali Yıldırım announced on Thursday that the ongoing construction of Istanbul’s Eurasia Tunnel will be completed by the end of 2016, eight months ahead of the planned schedule. The Eurasia Tunnel project will connect the Asian and European sides with a…

Turkey, collapsing currency, booming house prices

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Turkey: collapsing currency, booming house prices Turkey’s residential property market is now one of Europe’s best performers, despite modest economic growth. During the year to end-Q2 2015, Turkey’s nationwide house price index surged 18.96% (10.95% inflation-adjusted), according to the Central Bank of the Republic of Turkey (CBRT). During the latest quarter (Q2 2015), house prices…