Economi Turkey

Turkey to raise minimum wage by 21.56% in 2021

Turkey is raising its minimum wage by 21.56% as of Jan. 1, the country's family, labor and social services minister announced on Dec. 28.  Net minimum wage for single people will be 2,826 Turkish liras ($377) a month, up from 2,324 Turkish liras a month ($310), Zehra Zümrüt Selçuk said. The new gross minimum wage, before deductions such as social security premiums and income...

fair expo

Turkish real estate companies to be promoted to Turks in Europe

Some 76 Turkish real estate firms will introduce projects to Turks in Dusseldorf, Germany as part of the “My Home Turkey” real estate and investment fair supported by the Environment and Urbanization Ministry, Demirören Media and ISTexpo on Feb. 8-10. For three days, participant companies will introduce special campaigns, payment methods and details of the...

Online real estate sale

Online Property Sale for International Real Estate Investors

Turkish real estate companies have launched online property sales to foreigners as the coronavirus pandemic prevents potential homebuyers traveling to the country.  “The online sales began in March. Local companies meet with customers on digital platforms such as Zoom, Facetime, Skype and WhatsApp. This is an innovative approach,” said Faruk Akbal, the head of the Real...

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Turkey Top Ranked Market in Latest Global Real Estate Price Index

According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year. But it's worth noting inflation currently sits at around 12%. European countries occupy eight of the top 10 rankings this quarter with Baltic and Central and Eastern European nations well represented. New Zealand, Germany and South Korea, three countries that were...

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