Business in Istanbul

Ataturk Airport to become Istanbul Ataturk National Park
Ataturk Airport was Istanbul’s major International Airport Hub before the construction of Istanbul Airport, Ataturk’s modern successor. Located on Istanbul’s European Side, Ataturk Airport occupies some of the finest, well connected, and vast land within the city limits. The total area of the holding amounts to 8.5 million m². The future allocation of that 8.5M for the “People’s Park” project will be around 5.2M m².

Turkey to address soaring rents as house price index leaps 110%
Turkey’s residential property price index (RPPI) continued to move northwards and surged an annual 110% in March in nominal terms, official data showed.

Turkish house sales rise 38.8% in April; Russians top foreign buyers
Turkish house sales rose 38.8% in April on the year to 133,058 houses, data from the Turkish Statistical Institute showed on Tuesday, with more than double the houses sold to Russians compared to a month ago as they sought a financial haven.

Turkey Introduces $75,000 Minimum on Property for Foreigner Residence Permits
According to the latest decision by the Presidency of Migration Management of Turkey, foreigners who wish to obtain short-term residence permits or family residence permits via purchasing immovable property in Turkey will be subject to a minimum value as part of updated criteria.