Snapshot: Where the Macro Stands Now Inflation keeps easing. May CPI cooled to 35.41 % y/y, the lowest since late-2021 and well below April’s 37.86 % print reuters.com. Policy on pause—cut in sight. On 19 June the CBRT held its one-week repo at 46 %, but its statement hinted the door is open to cuts once the disinflation trend is “firmly established.” Markets and economists now put high...

Turkey has implemented significant updates to its Turkish Citizenship by Investment (CBI) program, introducing new regulations that enhance transparency, standardization, and compliance. These changes are particularly relevant for foreign nationals pursuing Turkish citizenship through real estate investment. Below is an in-depth overview of these updates: 1. New Documentation RequirementsCitizenship...

Istanbul is implementing a paid entry system in the busy districts of Eminonu and Kadikoy to combat traffic congestion. Known as Congestion Pricing, this initiative aims to reduce density, promote public transport, and enhance urban life quality. Following pilot evaluations, the system could expand throughout the city, aiming for greener transportation.

Explore Istanbul’s Grand Bazaar: A Timeless Journey Through History and Culture Step into the heart of Istanbul’s vibrant past and present.Istanbul’s Grand Bazaar is more than just a marketplace; it’s a living tapestry of history, culture, and commerce. Established in 1461, this legendary site has been a hub for traders and travelers for over five centuries, earning its reputation as one of the...

The Turkish real estate market continues to make waves as 165,138 houses were sold in October 2024, marking a 76.1% increase compared to the same month last year. With major cities like Istanbul, Ankara, and Izmir leading the charge, this surge highlights the growing demand for property across the country.Key Highlights of October 2024 SalesTop-performing provinces:Istanbul: 24,812 salesAnkara: 15,257...