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Welcome to TheMoveChannel.com Turkey News Homepage, where you can keep up with all the latest Turkish property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!Will Turkey's new tax deter hungry buyers?
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Demand for Turkey's property has surged in recent years, but new VAT rules announced at the start of 2013 have raised fears that buyer appetites may be curbed.
The new tax, which applies to homes under 150 square metres in size licensed by the end of 2013, will increase costs for investors, say experts, with some expecting sales to fall as a result.
Ömer Faruk Çelik, chief executive officer of Sinpaş REIT, told the Hürriyet Daily News; "Real estate demand was stuck at around 400,000 sales for several years, and the new tax will pull down the sales even lower."
Latest Turkey News
A third Istanbul airport is on its way, after the government reached an agreement for a raft of transport and infrastructure improvements worth a total $50 billion for the city and surrounding areas.
Investment in European real estate soared by 28 per cent in the first quarter of 2013, according to Jones Lang LaSalle.
Turkish property is set to get a kick from the upcoming Under-20 World Cup next month, agents have claimed.
While certain parts of Turkey are already very familiar to buyers looking towards new, developing markets, there are many others still blossoming into booming investment opportunities...
Turkey is upping its game as world golf destination, according to agents.
Turkish property prices are on the up, according to new figures from REIDIN.
Turkey is being tipped as the hot spot for hotel expansion by international and regional operators, following a spate of new deals signed in the country.
Global property investment could top $1 trillion this year, according to Cushman & Wakefield. The firm's latest International Investment Atlas reports that the global property investment market saw a “modest” 6 per cent rise in activity over the court of 2012, with volumes up to US$929billion.
Turkey's appeal to property investors has surged since the start of 2013, as the weaker Pound makes the Eurozone unattractive to UK buyers, according to Turkish property experts Spot Blue.
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