interior
Saudi firm invests $500M in real estate project in Istanbul Saudi Arabia-based Al Qemam Group’s Akzirve Gayrimenkul will embark on two new real estate investments worth approximately $500 million in Istanbul. One of the projects is expected to bring in $1.25 billion in revenue, Akzirve Gayrimenkul CEO İbrahim Maasfeh said. Speaking at a press conference…
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…
Three Turkish cities among top 20 for rising house prices According to a report released by London-based residential and commercial property consulting company Knight Frank, three cities in Turkey were among the top 20 cities in the world with the highest increase in house prices. The greatest increase in house prices in Turkey was in…
Russians and British top buyers of Turkish properties Economic trustworthiness is also reflected in real estate sales to foreign buyers. From the Bahamas and Commodore Islands to the Dominican Republic and Mozambique, foreigners from 120 countries have purchased properties worth $18 billion in Turkey over the last six years, while in the last year alone…
Owning a home is a keystone of wealth… both financial affluence and emotional security.