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Turkish economy and Corona crisis 2020

Last edited:Sep 23 , 2022
Turkish economy and Corona crisis 2020
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Turkey has come a long way in the field of real estate development , and has achieved great success in this area , and statistics indicate that the numbers of real estate sold in Turkey are increasing day by day , and the Turkish real estate market has become a competitor to European and Asian markets , and this development and remarkable progress attracts the attention of investors day after day .

Turkey is one of the countries that starred in the recent years in the field of real estate and real estate investment , as the attention of Arab and foreign investors and businessmen turned to it , due to the remarkable growth of residential and investment projects , in addition to the incentives and facilities provided by the Turkish government to investors , which gives them the right to obtain real estate residency and Turkish citizenship according to specific conditions .

Learn about news and laws of Turkish citizenship from here : Turkish citizenship


RH 80- apartments with Bosphorus view and suitable payment plans in Sisli 

A first class residential and investment project in the center of Sisli , specifically in the fast growing Bomonti area .

The project is located in one of the most famous areas on the European side of Istanbul , Bomonti district , a growing area that attracts the attention of investors at the moment , which is characterized by easy access to the most vital places in the city , and its proximity to shopping centers , airports , hospitals , universities and schools .

The project location is just 8 minutes away from Taksim .

This project has been designed in line with the highest quality standards in real estate in Turkey .

All apartments have private balconies with views of Istanbul or the Bosphorus .

The project includes special facilities that provide residents with comfort and entertainment and meet all their needs such as swimming pools , gym, walking paths , sport courts and restaurants , in addition to surveillance cameras and security .

Invest in this project today and benefit from its prices which will increase by 40% after the completion of the project .

All the project details in this link : RH 80


The Turkish economy is characterized by its cohesion and its strength in the face of global challenges and fluctuations , and that being a vital economy , it was and is still a source of confidence among international parties interested in the economic issue , and among Turkish and foreign investors .

The arrangement of the Turkish economy globally is in constant improvement , thanks to the firm steps that Turkey has taken in the path of development and growth . In addition , the private sector has an important position on the economic scene , and the general economic sector in Turkey is concerned with regulatory work and the implementation of trade policy Free foreign affairs , and the freedom to exchange money and services between individuals and institutions without any obstacles , including what can be described as a free market economy .

And Turkey currently considered as , through its solid economy , the eighteenth largest economy in the world , with a gross domestic product of about 736.716 billion dollars , while Turkey aims to reach its economy to the tenth rank as the largest economy by 2023 .

Perhaps the most important characteristic of the Turkish economy through its course in recent years , as it has always proven that it is above expectations , and that it is a coherent , stable economy and capable of overcoming difficulties , despite the critical stage that the Turkish lira is going through , at the end of 2018 , many economic analysts feared from Turkey’s ability to stabilize its economy in the following years , but what happened contrary to expectations , the Turkish budget recorded a surplus of one billion dollars in January of the following year , and this came according to data revealed by the Turkish Ministry of Treasury and Finance at that time , as it indicated reports that the state's revenue during the first month of the following year recorded a rise of seven ninety billion Turkish liras .


RH 163 - One of the best projects in Maslak , ready for housing with a view of Belgrade Forest 

Apartments for sale in Istanbul in a huge project like a full-service city , which includes a shopping center , 5-star hotel and integrated social facilities .

The project provides an ideal choice for housing and investment . The project was built in three phases : the units of the first residential phase have been completed and fully sold , the second phase includes shops and a shopping center , while the third and final phase is a mixture of residential and commercial apartments .

The project is located on the European side of Istanbul , specifically in Maslak , one of the largest real estate development areas in the city .

Maslak is one of the main central districts of Istanbul and it is one of the fast-growing areas of the city .

Maslak area is close to transportation links that will take you to all parts of the city in a few moments , and you can easily access the main areas and sights of the city .

Maslak is the ideal area for investment in Istanbul , where it promises high profits and high returns on investment in a few years .

The project is located only minutes away from Taksim and Levent , not more than 5 minutes from Bosphorus , and 25 minutes from  Istanbul's third airport , which gives it strategic and investment importance .

The project is located near the metro station and public transport .

The project is located in the Cendery Valley , among the regions of Istanbul that have gained the highest value .

The project is located next to Maslak and Levent , which provides a pleasant life with transportation opportunities .

The project attracts attention through its location close to shopping centers , arts , health facilities , transportation and education centers .

All the project details in this link : RH 163


 Turkish real estate market and Corona crisis 

The real estate market in Turkey in general , and in Istanbul in particular , is witnessing a significant recovery and development , witnessed by figures and statistics issued by the specialized institutions for statistics , where a previous statistic showed that the number of properties sold in Istanbul alone during only September of last year 2019 has reached 8 thousand and 347 properties , and the city of Istanbul is considered as one of the biggest selling points and the best types of real estate investment are available in Turkey , and the Turkish real estate market is within the budget of most investors , and the Turkish real estate market remains a safe haven for saving money in relation to many investors .

With the emergence of the Corona virus pandemic , which turned into a global problem and affected all economic sectors , including the global real estate sector , the Turkish real estate sector was also affected with the suspension of flights , land and sea , and the complete closure of borders in front of the movement of individuals .

It is worth noting that the Turkish real estate market has not witnessed a significant decrease yet , especially if we take into account that the Turkish real estate market was in a state of recovery and a huge increase in demand , this coincided since the beginning of the summer season , which is witnessing an increasing demand for real estate in Turkey as a result of the influx of foreign investors and tourists.

The current global situation and the Corona virus crisis have resulted in a decrease in real estate prices in Turkey and the creation of real estate opportunities that may be difficult to obtain again , by buying and selling real estate online , as well as stopping the wheel of the economy and the global recession and declining the exchange rate of the Turkish lira may make it a golden opportunity for real estate ownership in Turkey .

Steps to buy a property without being in Turkey



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