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In February 2024, we find ourselves in a period where the rate of increase in housing prices has slowed down, and in some regions, there is even a decline. This situation highlights February as a favorable month for those looking to make real estate investments and save money.

Recent market trends indicate that February is offering advantageous conditions for homebuyers. Housing prices have decreased in certain regions, opening up a significant window of opportunity for investors and those aspiring to become homeowners.

Pegasus Airlines has clinched top honors at the "Youngest Aircraft Fleet 2024" awards organized by ch-aviation. The airline secured recognition in both the categories of "4th Youngest Aircraft Fleet Worldwide 2024" and "4th Youngest Aircraft Fleet in Europe 2024."

The airline's commitment to fleet rejuvenation and sustainability efforts played a pivotal role in earning these prestigious awards. Güliz Öztürk, CEO of Pegasus Airlines, emphasized the significance of investments in younger aircraft, stating, "Our strategy of investing in younger planes is a cornerstone of our fleet strategy, enhancing fuel efficiency and supporting our sustainability goals. Travelling with our new-generation fleet, with an average age of 4.6 years, offers our passengers a more comfortable experience and sustainability advantages. We take pride in the recognition of our collective efforts to support aviation's sustainability goals."

Every year, Runtalya Marathon brings together running enthusiasts from around the world, offering the joy of running amidst the unique beauties of Antalya. This year's Runtalya Marathon, held on March 3, 2024, provides an ideal platform for those looking to test their athletic spirit and endurance.

Set against the magnificent landscapes of Antalya and the cool breeze of the Mediterranean, Runtalya Marathon attracts thousands of local and international runners each year. The marathon includes not only the classic 42.195-kilometer marathon course but also various categories such as half marathon and 10K runs for those preferring shorter distances. This diversity encourages participation from runners of all levels, making the event accessible to a wide audience.

ProperHome Turkey is pleased to provide our valued readers with a comprehensive guide on title deed transactions, one of the crucial steps you may encounter when investing in real estate in Dubai. Dubai stands out with its luxury and modern lifestyle, making it an attractive real estate market. Here, ProperHome Turkey presents key information on the title deed transfer process for those who are eager to seize this exciting investment opportunity:

Introduction: The year 2024 signals a period of exciting developments in Turkey's real estate sector. Economic stability, new projects, and investment opportunities are expected to boost the dynamism of the real estate market.

New Projects and Housing Demand: As we enter 2024, numerous large-scale real estate projects are planned to be implemented nationwide. These projects are anticipated to increase housing demand, particularly in major cities, driving momentum in the real estate market.

In January, a total of 80,308 residential properties were sold across Turkey, marking a 17.8% decrease compared to the same month last year. Istanbul led in property sales with 13,423 units, capturing the highest share at 16.7%. Following Istanbul, Ankara recorded 6,709 sales (8.4% share), and Antalya followed closely with 5,250 sales (6.5% share). The provinces with the fewest sales were Ardahan (17 units), Hakkari (38 units), and Bayburt (40 units).

The real estate sector in Turkey is attracting attention with its dynamic structure and various attractive opportunities. According to recent data, the real estate market in our country continues to show vitality, providing investors with diverse advantages.

Movement in Housing Sales: In January, a total of 80,308 housing sales were recorded nationwide in Turkey. While there was a 17.8% decrease compared to the same period last year, housing sales in major cities such as Istanbul, Ankara, and Antalya stood out, reflecting the dynamism in the sector.

Kepez Municipality transformed the 1000-square-meter transformer building that supplied electricity to the old Textile Factory's machines in previous years into a library instead of demolishing it. The library, named after the late author, translator, and educator Cemil Meriç, will open its doors to book enthusiasts on Wednesday, May 19th, at 18:30. With a capacity of 200,000 books, the library also stands out as the largest library in Antalya. Kepez Mayor Hakan Tütüncü will present Antalya's richest library to the youth on May 19th, Atatürk Memorial Day, Youth and Sports Day.

We often hear stories about the hospitality of those living in Turkey, a result of the Turkish people being accustomed to living with various cultures. One of the things Turkey excels at is bringing different cultures together to live as a single community.

Looking back in history, we see that Anatolia hosted some of the world's greatest civilizations. Anatolia was an international meeting point for travelers, explorers, and traders during the Ottoman Empire. These lands attracted people from all over the world to witness enchanting natural beauties and cultural heritage.

n December 28, 2023, the "Regulation on the Rental of Residential Properties for Tourism Purposes," covering rentals for less than 100 days, was published under the administration of the Ministry of Tourism and Culture. With this regulation, anyone wishing to engage in daily or short-term rentals through applications like Airbnb is obligated to comply with the requirements specified in the regulation. If you are renting through such applications, you need to apply for a permit. Be sure to check our relevant page for details: Tourism Accommodation Rental Regulation.

The Russian news agency TASS has announced that the Embassy of Russia in the Republic of Cyprus will start providing consular services for Russian citizens in the capital of Northern Cyprus, Nicosia.

Turkey is a significant tourism destination serving as a bridge between Europe and Asia due to its geographical location. Here are several key elements highlighting Turkey's tourism potential stemming from this unique position:

You have two options to ship your vehicle to Turkey. The first one is you can come in your car. The other one is someone can transfer it for you or a proxy of you can bring it to Turkey on your behalf.

Real Estate Marketing and Sales Professionals Association (GAPAS) states that housing prices in Turkey are no longer accessible to everyone, especially after the recent price increases. However, it is thought that this problem can be overcome with some changes in the property system.

In line with the decision taken at the Presidential Cabinet meeting on April 12, 2022, the minimum real estate purchase value for Turkish citizenship applications is increased from $250,000 to $400,000.

In the regulations made in 2018, the minimum real estate purchase limit had been reduced to $250,000 instead of $1.000.000 for obtaining Turkish citizenship through property investment.

Recent fluctuations in the real estate market, associated with a decrease in prices, have created favorable conditions for foreign investors. The reduction in housing costs has significantly increased the interest of foreigners in acquiring property in Turkey.

Until now, foreigners could obtain a residence permit in Turkey with a rental agreement. However, a new regulation was implemented with the decision of the Presidency of Migration Management of the Ministry of Interior (İçişleri Bakanlığı Göç İdaresi Başkanlığı). The residence permit will no longer be obtained with the rental agreement.

The Presidency of Migration Management has declared a new announcement on 30.06.2022 about the residence permit (ikamet) application in Turkey. The foreigners would not exceed 20% of the population in one neighborhood and 10% of the population in a town/district and city according to the state migration policy.

When examining the real estate sales data for the year 2023 in Turkey, a significant decrease in sales to foreigners is evident. Despite the overall sale of 35,005 properties during this period, sales to foreigners decreased by 48.1% compared to the previous year. However, the share of real estate sales to foreigners in the total property market is still noteworthy at 2.9%.