TURKISH PROPERTY SALES TO FOREIGNERS SURGE 151 PERCENT IN SEPTEMBER: TURKSTAT

Property sales to foreigners in Turkey skyrocketed by 151.1 percent year-on-year in September, reaching 5,615 units, the national statistical body announced Friday. The number of purchases by foreigners in the first nine months of this year has already surpassed the 12-month figures last year. During this period, foreigners mostly preferred properties in Istanbul, which led

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TURKISH ECONOMY GREW 5.2 PCT IN Q2, DRIVEN BY PRIVATE CONSUMPTION

The Turkish economy grew by 5.2 percent in the second quarter of this year compared with the same period last year, the country’s statistical authority announced Sept. 10.  The Turkish Lira firmed to 6.47 against the dollar after the data from around 6.4850 beforehand. Second quarter gross domestic product (GDP) expanded a seasonally and calendar

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TURKEY TO ATTEND GLOBAL REAL ESTATE EVENT IN FRANCE

Some 250 Turkish companies are expected to participate in MIPIM 2018, Istanbul commerce chamber says ANKARA Some 250 Turkish companies will participate in an international real estate exhibition in Cannes, in southern France, the Istanbul Chamber of Commerce (ITO) said on Monday. The MIPIM 2018, which gathers the most influential international property professionals, is scheduled

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TURKEY GDP GROWTH IMPROVES IN Q1

Turkey’s economic growth improved slightly in the first quarter after easing in the previous quarter, data from the Turkish Statistical Institute showed Monday. Gross domestic product grew 7.4 percent year-on-year, just above the 7.3 percent expansion seen in the fourth quarter. Similarly, calendar adjusted GDP expanded 7.2 percent from last year versus 7.4 percent a

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15,508 REAL ESTATE PROPERTIES IN TURKEY SOLD TO FOREIGNERS IN 2017

Real estate purchases by foreigners in Turkey doubled in 2017 compared to the previous year. General Directorate of Land Registry and Cadaster general manager Mehmet Zeki Adlı provided information about the real estate sales to foreign nationals from Turkey in a statement. Recalling that some limitations related to the real estate sales to foreigners were

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PROPERTY SALES TO FOREIGNERS UP 15.8 PCT IN MARCH

The number of residential properties sold to foreigners increased 15.8 percent in March compared to the same month of last year, the national statistical body said Friday. According to Turkish Statistical Institute (TurkStat) data, 1,827 houses were sold to foreigners in March, of which 556 were in Istanbul, followed by Antalya, Bursa, Yalova and Trabzon.

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FOUNDATION FOR KANAL ISTANBUL TO BE LAID THIS YEAR, TRANSPORTATION MINISTER SAYS

To realize its goals for 2023, the year when the Turkish Republic celebrates its 100th anniversary, the country is implementing several mega projects. The government is set to lay the foundations of one of the country’s biggest projects, Kanal Istanbul, this year With the primary focus on the year 2023, the 100th anniversary of the

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FOREIGN NATIONALS SPENT $4.6B ON TURKISH REAL ESTATE LAST YEAR

After seeing a decline in 2016, housing sales to foreigners in Turkey recorded a 22.2 percent increase, reaching 22,234 and generating $4.6 billion in 2017 the value of house sales to foreigners in 2017 was recorded at $4.6 billion, registering a 19.4 percent increase compared to the previous year, according to a report, titled “Current

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