Number of Syrians under Temporary Protection Decreased to 2 Million 935 Thousand 742

Minister of the Interior Ali Yerlikaya announced that as a result of the address investigation studies of foreigners with legal right to stay that they started in September 2023, the number of Syrians under temporary protection decreased to 2 million 935 thousand 742.Yerlikaya stated that a 90-day period was given for Syrians in Turkey to update their addresses, and emphasized that SMS notifications were made in Turkish and Arabic during this period. In addition, information meetings were held in coordination with governorships and NGOs in 81 provinces. During this process, 580 thousand 819 Syrians updated their addresses or made appointments.Minister Yerlikaya said that the foreign identity numbers of Syrians who did not update their addresses were deactivated and these people could only benefit from emergency health services. He also stated that these people could not benefit from public services.With the studies that started in September, 150 thousand 327 Syrians who did not benefit from public services and who had not been in Turkey for at least one year were identified as of October 1, 2024. These people were assessed as having crossed into Europe and were deducted from the places they were registered in the system.The Minister of Interior stated that the total number of foreigners in Turkey has reached 4,174,706, of which 1,032,379 are residence permit holders and 206,585 are persons under international protection.Source: Ministry of Interior, 2024.

Turmoil in Hong Kong’s Commercial Real Estate Market: High Interest Rates and Declining Rental Incomes Drive Distressed Sales

Hong Kong’s commercial real estate market is experiencing significant turbulence due to a combination of high interest rates, shifting consumer habits, and broader economic challenges. One notable case is the Cubus building in Causeway Bay, a mixed-use tower that has been put up for sale due to financial difficulties. The building’s owners, including Phoenix Property Investors and a business entity linked to Sa Sa chairman Simon Kwok, are struggling with debt repayments after a sharp decline in rental income. With over a third of the building’s floors vacant, the property was recently listed for sale at HK$1.4 billion (US$180 million), a significant drop from its peak valuation of HK$2 billion. The situation with Cubus reflects the broader challenges faced by Hong Kong’s commercial real estate sector. High vacancy rates, falling rental income, and dwindling demand from global firms and mainland Chinese visitors have driven down property values across the board. Grade A office rents have fallen by 38% since their pre-pandemic high, while the retail sector has been hit even harder, with property valuations down by about 40%. This market-wide slump has forced many property owners into distressed sales, with nearly 75% of commercial real estate transactions this year falling into this category. Banks, long a key source of financing for the heavily-leveraged sector, are now grappling with rising defaults. For example, HSBC reported US$3.2 billion in commercial real estate loan defaults in the first half of 2024, a six-fold increase compared to the previous year. Despite some relief from a recent U.S. Federal Reserve rate cut, the underlying economic fundamentals remain weak, and experts do not anticipate a market recovery anytime soon. Analysts suggest that it could take until 2025 for the market to stabilize, with demand still tepid, supply abundant, and investor confidence shaky.   While larger, more established developers may be better equipped to weather the downturn, smaller firms and highly-leveraged companies are struggling under the weight of their debt. The overall outlook for Hong Kong’s commercial property market remains bleak, with few signs of immediate recovery.

Istanbul Airport Selected as the Best in Europe According to Google

Istanbul Airport has been named the best airport in Europe, according to a recent study by a prominent holiday rental booking portal. The study, which evaluated Google Review ratings, assessed airports across Europe to highlight both top and underperforming hubs.   Top of the Rankings with a 4.4 Rating With an impressive average rating of 4.4, Istanbul Airport surpassed major competitors, including Francisco de Sá Carneiro Airport in Porto, Portugal, and Athens International Airport in Greece, which ranked second and third. Holidu emphasised the importance of airports in improving the overall travel experience. “Although the end of summer is marked by a massive influx of travellers returning from their holidays, the airport experience remains an essential part of any trip,” the company noted. To help travellers plan more effectively, the study analysed data from Google Maps to create a comprehensive list of the best and worst European airports for 2024.   Istanbul Airport: Excellence in Service and Infrastructure This marks the second consecutive year that Istanbul Airport has taken the top spot. “With a remarkable score of 4.4 from over 101,956 reviews, Istanbul Airport continues to earn the admiration of travellers worldwide,” Holidu stated. The airport was particularly praised for its efficiency, comfort, and top-tier services, further cementing Türkiye’s reputation for world-class infrastructure.   Europe’s Busiest Airport Since its full operation began in April 2019, Istanbul Airport has grown into the busiest airport in Europe. It regularly handles between 1,400 and 1,500 flights per day, according to Eurocontrol. During the week of 26th August to 1st September 2023, it managed an average of 1,494 daily flights. In August 2023 alone, the airport welcomed 7.7 million passengers and oversaw 46,933 flights, highlighting its critical role in international air travel. While Istanbul Airport tops the rankings, Heraklion International Airport in Greece ranked as the worst, with an average rating of 2.6. Bordeaux-Mérignac Airport in France and Manchester Airport in the U.K. followed closely behind.   A Global Hub for Excellence Istanbul Airport's continued rise in international rankings emphasises its importance as a global aviation hub. Its commitment to quality, service, and efficiency ensures that it remains a top choice for millions of travellers worldwide.

Overseas Contracting Services Awards Ceremony: Turkey's International Success

The "Overseas Contracting Services Awards Ceremony", organized by the Turkish Contractors Association (TMB) with the participation of President Recep Tayyip Erdoğan, was held at an important hotel in Ankara. This event was organized to reward the companies included in the "World's Top 250 International Contractors" list published annually by ENR magazine, which is known in the international construction industry. In his speech at the ceremony, Minister Bolat emphasized that contracting and technical consultancy services abroad reveal Turkey's strategic position and economic potential. He pointed out that the technology and knowledge transfer provided by the sector increases the country's infrastructure and construction competence and brings foreign currency to the local economy. Bolat stated that the achievements of Turkish companies in international projects have contributed to Turkey's economic growth and diplomatic relations. Stating that Turkey ranks second after China in the number of contracting companies in the 2024 list of ENR Magazine, Bolat said that it ranks eighth according to international revenues. He emphasized that as of September, the project size of the overseas contracting sector reached 515 billion dollars. The information that 12,277 Turkish contracting projects are carried out in 137 countries offers an exciting opportunity for investors. Bolat stated that Turkish consultants have won projects worth $3.3 billion in 138 different countries and have an average annual income of $200 million. He highlighted the opportunities offered to the sector by the projects within the framework of Saudi Arabia's Vision 2030. Erdal Eren, President of the Turkish Contractors Association (TMB), also spoke at the ceremony. Eren explained that despite the difficult conditions of the past year, Turkey mobilized its domestic power for the reconstruction of the earthquake zones. "We are ready for any task for urban transformation," Eren said, underlining Turkey's goal of becoming a brand in the international arena. For investors, it is important to note that Turkish companies are not only contractors abroad, but also investors and operators. Eren emphasized that the export of construction materials has increased with the contribution of technical consultancy firms in international projects. The ceremony ended with the presentation of awards to the representatives of the companies included in the "World's Top 250 International Contractors" and "World's Top 225 International Technical Consultants" lists. These awards reinforce Turkey's influence and success in the global construction market.

Revolutionary Regulations in the Real Estate Industry

The Ministry of Commerce announced a series of revolutionary regulations to prevent irregularities in the real estate sector and to protect consumers. These new regulations include harsh measures against fake advertisements, price manipulation and unlicensed activities that are frequently encountered on real estate buying and selling platforms.   The Ministry has introduced a regulation stating that the immovables included in the real estate advertisements placed on the online trading platforms must belong to the real owners or authorized persons. An administrative fine of up to 100 thousand liras will be imposed for each violation of advertisement sites that do not comply with this verification process. Thus, the safety of consumers will be ensured by preventing fake advertisements and fraud attempts.   In addition, it was announced that the professional experience requirement for real estate businesses to obtain a certificate of authorization will not be sought until the end of 2024. This exceptional regulation aims to facilitate entry into the sector while providing an immediate solution to real estate businesses that are already operating without authorization certificates.   Drastic measures are also being taken to prevent price manipulations. The Ministry imposes serious fines on sites that publish advertisements without verifying that the real owners or authorized persons of the immovable properties advertised on various platforms belong. In this way, speculative price increases and consumer grievances will be prevented.   While sector representatives welcome the regulations, they draw attention to the necessity of effective implementation and supervision of the regulations. With these new regulations, it is aimed to increase confidence in the real estate sector and better protect consumers, while maintaining competition in the sector in a healthy way.

China and Taiwan: Pieces of a Puzzle

The relationship between China and Taiwan is based on a deep connection that has lasted for centuries and has been shaped under the influence of a number of complex factors. This connection is determined by the interaction of various elements based on the historical, political and cultural heritage of both sides. The relationship between China and Taiwan began during the Ming Dynasty. In the 17th century, the Chinese who fled the Ming Dynasty colonized Taiwan, which led to the island developing a distinct language and cultural identity. After the First Sino-Japanese War in 1895, Taiwan came under the control of Japan, and this was the first step in Taiwan's independence from China. After World War II, Taiwan was occupied by the Allied Forces, and nationalist forces led by the Kuomintang (KMT), which lost the Chinese Civil War in 1949, fled mainland China and took refuge in Taiwan. This has led to a situation in which Taiwan continues to exist under two different administrations, the People's Republic of China (PRC) and the Republic of China (ROC). While the PRC considers Taiwan to be a breakaway province of its territory and uses military threats to force unification, the ROC seeks to maintain its own sovereignty as an independent country. Despite political tensions, there is intense economic interaction between China and Taiwan. Taiwan is one of China's largest trading partners, and the two economies are tightly integrated. Taiwan's high-tech sector and China's manufacturing capacity link the economic interests of both sides. However, the escalation of political tensions could affect economic cooperation and put pressure on trade. The relationship between China and Taiwan is shaped not only by political and economic dimensions, but also by cultural and social interactions. There is a common language and historical heritage between the two communities. Tourism, academic exchanges, and cultural events play an important role in preserving this common heritage and fostering relations. In the field of security, the PRC has increased its military power in recent years and pursued deterrence policies against Taiwan. Taiwan, on the other hand, is focused on strengthening its own defense capacity and is trying to ensure its security by seeking international alliances. This could affect security balances in the region and increase the risk of conflict. The future of the relationship between China and Taiwan is uncertain. Political and ideological differences between the two sides are among the main factors that determine the course of relations. However, under pressure from the international community, steps can be taken towards finding a peaceful solution. Dialogue and diplomacy are critical to achieving reconciliation and stability. The relationship between China and Taiwan is shaped by a complex interplay of historical, political, economic and cultural factors. In the future, strengthening the dialogue between the parties and expanding the areas of cooperation can contribute to ensuring stability and peace in the region.

The Mind Behind the Headlines: ChatGPT and Artificial Intelligence

The rapid advancement in the field of artificial intelligence and natural language processing in recent years has led to the emergence of systems like ChatGPT. Developed by OpenAI, ChatGPT is a language model that utilizes deep learning techniques. GPT, which stands for 'Generative Pre-trained Transformer,' is designed to perform natural language processing tasks by being trained on large datasets. ChatGPT is an application of this technology and can generate human-like responses in real-time conversations. The working principle of ChatGPT is quite complex but fundamentally straightforward. During the training phase, the model learns from a vast corpus of text data, including millions of web pages, books, articles, and other sources. By analyzing this dataset, the model learns the structure and patterns of language. When provided with an input text, ChatGPT uses the patterns it has learned to generate a suitable response. For example, if a user asks, "How's the weather today?" ChatGPT, having been trained on similar inputs, can produce a response like, "Today's weather is sunny and warm." The model considers factors such as word choice, sentence structure, and grammar rules when generating a response. The applications of ChatGPT are extensive and continuously expanding. In particular, it can be used in the customer service industry as an automated response system. It can answer frequently asked questions and resolve basic issues. In education, it can assist students with their homework or provide support to teachers. Additionally, it can help users with language learning and practice. Users can utilize ChatGPT to understand texts written in a foreign language or to enhance their own language skills. However, there are also concerns regarding the use of artificial intelligence systems like ChatGPT. In particular, the potential for the model to generate incorrect or misleading information is worrying for some users. Moreover, the ethical use of systems like ChatGPT and the preservation of individuals' privacy are significant considerations. Transparency regarding how such systems process and store personal data is crucial. In conclusion, artificial intelligence technologies like ChatGPT have significant potential in applications involving human interaction. However, it is essential for these technologies to be used ethically and safely. In the future, as artificial intelligence systems are further developed, it is likely that more complex and sophisticated models will be used in applications involving interactions with humans.

What will happen if the Rafah border crossing is opened?

In recent days, uncertainty over whether Egypt will open the Rafah crossing has become alarming for the more than 20,000 sick and wounded Palestinians waiting at the border. These people are in a desperate wait due to restrictions in access to treatment and health services. In the event that the gate is opened, the direction of a possible wave of migration of Palestinians and the consequences of this migration are not yet clear. However, this situation emerges as an important issue that needs to be addressed not only as a migration event, but also with its humanitarian and conscientious dimensions. If Egypt opens the Rafah Border Gate, it is predicted that Palestinian refugees will head to Egypt first. However, this situation brings with it the fact that the basic needs of refugees must be met. The Egyptian government and the international community must provide support to meet their basic needs, such as housing, access to healthcare, and education. However, in addition to humanitarian aid, long-term social and economic projects will also have to be implemented. Countries such as the European Union and the United States are expected to play an important role in meeting the humanitarian needs of refugees and relocating them. If these countries cooperate with Egypt and other countries in the region to support refugees, the solution process can be more effective and sustainable. However, it should not be ruled out that refugees may not want to live permanently in Egypt in the long term and may turn to more developed countries such as Europe. Europe's harsh migration policies and increasing resistance to refugees make it difficult for these people to reach Europe. Therefore, the desire of refugees to go to Europe and the problems in Europe's reception policies may cause many Palestinians to wait in transit countries such as Turkey. Turkey already hosts 20% of the world's refugees, putting a serious strain on the country's economic and social resources. Turkey may need to increase its capacity to meet this new wave of refugees. However, Turkey's sustainability capacity in this regard and the necessity of acting together with international support should also be taken into consideration. The opening of the Rafah crossing requires taking into account not only the transit of migrants, but also the humanitarian needs of people staying on the Palestinian side of the border. As those living on the other side of the border, they may also need humanitarian assistance if the crossing is opened. In this context, the international community needs to support not only the migrants crossing the border, but also the Palestinians living on both sides of the border. Meeting basic needs, access to health services, educational opportunities and economic support are vital for these people to survive in humane conditions. At this point, the international community should take the Palestinian people's demands for humanitarian aid seriously and provide the necessary support. Photo: Anadolu Agency Taken from the news of Gülşen Topçu dated 12.10.2020. 

Memorial Day: The Origins and Meaning of a Tradition in the United States

Memorial Day in the United States: Historical Process and Analysis Memorial Day is a national holiday in the United States that is celebrated annually on the last Sunday in May. This day is held to honor the country's military personnel and their sacrifices, to keep alive the memory of the fallen soldiers, and to promote patriotism. Memorial Day has undergone many changes throughout history and has gained a deep meaning in American society. Historical Origins Memorial Day has its origins in the American Civil War. In the early 1860s, various ceremonies began to be held by local communities to decorate the graves of soldiers who lost their lives during the war and to commemorate them. However, these commemorative events were celebrated on different dates and in different regions. First, commemorative events known as "Decoration Day" began to be held in the Southern states at the end of May. These events were held to decorate war graves in the Southern states and to commemorate soldiers who lost their lives in battle. Later, similar events began to be held in the Northern states. The modern form of Memorial Day originated in 1868 with an order signed by General John A. Logan, then president of the United States. This order designated May 30 as "Decoration Day" and officially encouraged the commemoration of all American Civil War veterans. Development and Expansion Over time, Memorial Day has expanded to commemorate all the soldiers who lost their lives in wars in the United States and other parts of the world. Soldiers who lost their lives in World War II, the Korean War, the Vietnam War, and subsequent conflicts were also honored in memory of this day. In 1971, when the United States Congress officially recognized "Memorial Day" as the last Monday, the date of the holiday was changed and it became a three-day weekend holiday. This allowed Americans to make more sense of Memorial Day and celebrate it more widely as a federal holiday. Memorial Day is now recognized as a day of remembrance that honors not only military personnel, but also all service providers, firefighters, police, and other emergency workers. American society sees Memorial Day as an opportunity to remember the losses caused by war, to promote patriotism, and to strengthen solidarity. The Meaning and Significance of Memorial Day Memorial Day is a tradition that has a deep meaning in the United States. This day is an opportunity to honor and remember the sacrifices of the country's military personnel and other service providers. At the same time, Memorial Day is a day of remembrance and unification that strengthens American patriotism and solidarity. Celebrated annually on the last Sunday in May, Memorial Day occupies an important place in American society and represents a deep commitment to the country's history and values. This day is seen as a way to pay tribute to the service of the American people, past and present, as well as to remind future generations of those sacrifices.

Iran: Its Changing Face from Past to Present

Iran stands out as one of the countries with the most complex and rich history in the Middle East. The Persian Empire's enormous civilizational heritage, its rich cultural structure shaped by the influence of Islam, and its geopolitical position make Iran historically and strategically important. The ancient capitals of the Persian Empire are filled with works of art, architecture, and literature that still fascinate visitors today. Persian culture has made great contributions to world history and shaped Iran's identity. However, with the spread of Islam, elements of Islam were added to Persian culture, and this determined the cultural structure of modern Iran. Geopolitically, Iran occupies a strategic position in the heart of the Middle East. With its access to the Persian Gulf, the Caspian Sea and Central Asia, it has become an actor that determines its relations with other powers in the region. In addition, Iran's relations with its neighbors have a direct impact on regional stability and security. Its relations with its neighbors such as Iraq, Afghanistan, Turkey and Pakistan shape the regional balance of power, while its international relations play an effective role in global politics. Economically, Iran has an economy that relies heavily on energy resources. While oil and gas revenues form the country's economic mainstay, it also faces factors such as international sanctions and domestic political uncertainties. Economic problems such as high inflation, unemployment, and income inequality affect the living standards of the Iranian people, causing social unrest. These challenges reveal the need for change in Iran's economic and social structures. Politically, Iran is governed as an Islamic state under the name of the Islamic Republic. There is a complex political system balanced by religious leadership and political authority. Political freedoms and human rights issues are important topics of discussion in Iran. Issues such as press censorship, freedom of expression, and the restriction of political dissent have an impact on the country's political stability and democratic development. However, Iran's efforts in the democratization process and political reforms are promising for the country's future. Culturally, Iran has a rich historical and cultural heritage. The ancient ruins of the Persian Empire, combined with Islamic architecture and art, have contributed to the creation of a unique cultural identity in modern Iran. Although Iran belongs to the Shia sect of Islam, it is home to a variety of religious and ethnic groups. This increases the cultural diversity and richness of the country. Finally, Iran's present and future are shaped by promising opportunities along with internal and external challenges. Iran has survived and adapted to the changes it has experienced throughout history. Today, the country is facing economic and political reforms, and these reforms are critical to Iran's future development and stability. The future depends on Iran strengthening its role in the regional and global arena by preserving its cultural heritage and improving its international relations. Iran, with its changing face from the past to the present, looks to the future with hope. Finally, Iran's present and future are shaped by promising opportunities along with internal and external challenges. Iran has survived and adapted to the changes it has experienced throughout history. Today, the country is facing economic and political reforms, and these reforms are critical to Iran's future development and stability. The future depends on Iran strengthening its role in the regional and global arena by preserving its cultural heritage and improving its international relations. Iran, with its changing face from the past to the present, looks to the future with hope. The migration of Iranians to Europe emerges as a reflection of this changing face. In recent years, the wave of migration from Iran to Europe has increased. The reasons for migrations include economic hardship, political pressures, and flight from conflict zones. European countries accept many Iranian refugees. Iranian immigrants may face a variety of challenges in their new country. Language barriers, cultural differences, and difficulties in finding jobs can complicate the integration process of Iranian immigrants. However, many Iranian immigrants successfully settle in their new country and contribute to society. The presence of Iranians in Europe shapes the social, economic and cultural fabric of societies, while also contributing to economic growth and diversity.

Antalya's Luxury Hotels Attract Foreign Investment Like a Magnet

Antalya is one of the most important tourism centers in Turkey. The city, which welcomes millions of tourists every year, attracts visitors from all over the world with its natural beauties, historical and cultural riches. This makes Antalya an attractive destination for foreign investors as well. In particular, luxury hotel investments have increased significantly in Antalya in recent years. Among the main reasons for this are the opportunities created by the city's strong tourism potential, increasing demand and competitive environment. Hotel and Real Estate Project Specialist, Dr. Çağlar Türkoğlu states that there are many advantages for foreign investors who want to invest in luxury hotels in Antalya. Some of these include: The city's strong tourism potential allows hotels to achieve high occupancy rates and profitability. Increased demand is helping to increase the prices of hotels and help investors earn higher profits. The opportunities created by the competitive environment offer investors the opportunity to buy or rent hotels at more affordable prices. Foreign investors who want to invest in luxury hotels in Antalya should pay attention to the following points: It should analyze the location, target audience and tourism potential of the city well. Before investing in a hotel, you should research the legal regulations and tax policies in the region. It should work with a team experienced in hotel management. Antalya's luxury hotel investments offer attractive opportunities for foreign investors. The opportunities created by the city's strong tourism potential, increasing demand and competitive environment help investors earn high profits.

Swiss Life AM gains Sweden "physical market entry" through real estate firm acquisition

According to Nick Fitzpatrick's news in Funds Europe dated January 26, 2024; Swiss Life Asset Managers has acquired Sweden-based real estate company Wilfast Förvaltning AB for an undisclosed sum. The acquisition strengthens Swiss Life Asset Manager's geographical footprint in the Nordic countries and further strengthens its position as one of Europe's "leading institutional property managers", the asset manager said. All employees will be retained at the Gothenburg location of the company, which was founded in 1992 to provide property services and project development within real estate.  Wilfast manages real estate with an underlying property value of SEK 20 billion and covering a total area of approximately 1.6 million square metres. The company specialises in commercial properties in Sweden, Denmark and Finland.

Are you a first-time home buyer? Will you buy a home in 2024?

1. Set your budget If you are going to buy a house for the first time, you first need to determine your budget. Buying a home is a big investment, and it's important to prepare accordingly. When setting your budget, consider your monthly income, expenses, and how much you can save to own a home. 2. Choose a home according to your needs When buying a home, it is important to choose a home based on your needs. How many people will live in the house? How much space should you have at home? What features should be in the house? By asking yourself these questions, you can find the best home for your needs. 3. Conduct location research When buying a home, location is also an important factor. In which region do you want to buy your house? Should your home be close to your workplace, school, shopping malls, and other social amenities? By answering these questions, you can find the location that works best for you. 4. Research the real estate market Before buying a home, you need to research the real estate market. Find out how house prices are doing, which areas are more popular, and which properties sell faster. This information will help you make the right decision. 5. Get help from a real estate agent Getting help from an experienced real estate agent in the real estate market can be beneficial for first-time home buyers. A real estate agent can help you find the right home, stay within your budget, and advise you on negotiating. 6. Take a good look at your home Before buying a house, inspect the house thoroughly. Is there any damage or problems inside and outside the house? Is the electricity, water and sewage installation of the house intact? By answering these questions, you can make sure that your home is sturdy and livable. 7. Have the house inspected by an appraiser Even if you inspect the house thoroughly, there may be a problem that is overlooked. For this reason, it is useful to have the house inspected by an appraiser. The appraiser can ascertain the value of your home and any damage or problems. 8. Handle the title deed carefully One of the most important stages of buying a house is to make the title deed. When performing title deed transactions, carefully check all documents and make sure that there are no problems. 9. Apply for a mortgage If you're going to take out a loan to buy a house, you'll need to apply for a mortgage. When applying for a mortgage, check your credit score and compare the interest rates offered by banks. 10. Get home insurance Insuring your home helps cover your financial losses in the event of possible damage. When taking out home insurance, consider the value of your home and any potential risks. 11. Decorate your home Decorating your home according to your own taste makes you feel more comfortable in your home. When decorating your home, consider your budget and use long-lasting materials. 12. Have your home regularly maintained and repaired Regularly maintaining and repairing your home helps you maintain the value of your home and prevent potential problems. When maintaining and repairing your home, trust the experts. 13. Pay the property tax Owning a home also entails paying property taxes. Paying your property tax on time helps you meet your legal responsibilities. These suggestions can be useful for first-time home buyers. By taking these suggestions into account, it can help you make the right decision and get your dream home.

12 Tips to Make New Real Estate Agents Successful

Real estate is an exciting and rewarding profession that helps people achieve their dreams of owning a home. Real estate agents understand the needs and wants of their clients, helping them find properties that suit them and complete the buying or renting process.   One of the beautiful things about the real estate profession is that it offers the opportunity to change people's lives. Real estate agents work to improve the lives of their clients and help them find their dream home. This can be a meaningful experience, both materially and spiritually.   Another great thing about the real estate profession is the opportunity to meet people and build new relationships. Real estate agents build close relationships with their clients and are involved in their lives. This can be a rewarding experience, both personally and professionally.   The real estate profession also offers the opportunity to use creativity and problem-solving skills. Real estate agents must find new solutions to meet the needs of their clients. This can be a satisfying experience, both mentally and emotionally. We have listed 13 important points to be considered in order to be successful in such an enjoyable profession. 

Australian Open 2024

Sabalenka Starts Strong Title Defense at Australian Open

Disease X

Disease X is a disease that has not yet been identified by the World Health Organization (WHO), but is thought to have the potential to cause a global pandemic in the future. Little is currently known about disease X, but the WHO estimates that this disease may have: Characteristics:         ·Zoonotic: It can be transmitted from animals to humans.         ·It is transmitted by respiration: It can be spread by coughing and sneezing.         ·Severe: It can cause serious illness and death.         ·Rapid spread: It can spread quickly and cause a global pandemic.         ·WHO's Disease X Preparedness Efforts:         ·WHO is working to prepare for Disease X:         ·Research and development: Research is being carried out to determine the source of the disease and how it spreads.         ·Vaccine and drug development: Vaccine and drug development studies against the disease continue.         ·Surveillance: A global surveillance system has been established for early detection and follow-up of the disease.         ·International cooperation: Cooperation is being made with countries to coordinate a global response to the disease. Concerns About Disease X: Because there are many unknowns about Disease X, this disease poses a serious threat to global health. WHO warns countries to be prepared for Disease X. Precautions Against Disease X: You can take the following precautions against disease X:         ·Wash your hands frequently.         ·Cover your mouth and nose when coughing or sneezing.         ·Avoid contact with diseased people.         ·Be careful when traveling.         ·Get vaccinated. More About Disease X: For more information about Disease X, see these resources:         ·World Health Organization (WHO): https://www.who.int/emergencies/diseases/novel-coronavirus-2019         ·U.S. Centers for Disease Control and Prevention (CDC): https://www.cdc.gov/coronavirus/2019-ncov/index.html Note: Information about Disease X is constantly updated. Therefore, it is recommended that you look at the above sources for the most up-to-date information.

Tensions Escalate in Yemen

How Will the US and UK Attacks on the Houthis Affect the Region?

Earthquake in the Sea of Marmara!

On 2024.01.10 at 20:10:06 an earthquake with a magnitude of 3.7 occurred at a depth of 12.8 km at coordinates of latitude 40.4147 and longitude 28.8730 - Gemlik Bay (Sea of Marmara). It is likely that the earthquake was felt. You can access information about the places where the earthquake was felt on the website or mobile application of Boğaziçi University Kandilli Observatory. Earthquakes with a magnitude of 3.7 usually do not cause damage. Still, don't forget to notify the authorities if you are in the earthquake zone and notice any damage or injuries.

Severance Pay Ceiling Rises: Good News for Workers in the New Year

Along with the salary increases of civil servants, there is a significant increase in the severance pay ceiling! This increase of 49.25 percent will offer more advantages to workers. So, how will this new severance ceiling be implemented? Here are the details!

What lessons has Japan learned from earthquakes over the past century?

According to BBC News Turkish, 55 people lost their lives in the earthquake in Japan, the tsunami warning has been lifted, search and rescue efforts continue   The number of people who lost their lives in the 7.6 magnitude earthquake that occurred yesterday in Japan has risen to 55. Search and rescue efforts continue after the earthquake. Prime Minister Fumio Kishida said search and rescue workers were "racing against time". Up to 3,000 rescue workers are searching for those trapped under the rubble on the Noto Peninsula.  Images taken from the helicopter reveal that many buildings and infrastructure have been damaged and fires have broken out. Road transport to the city of Wajima, on the northern tip of Noto, was closed. Japan's military is also distributing food, water and tents to those forced to flee their homes. The government said 57,360 people had been evacuated from their homes.   The Japan Meteorological Agency (JMA) had issued a major tsunami warning for the coastal cities of Ishikawa, Niigata and Toyama in the west of the country after the earthquake. JMA later removed this warning.

10 Rules for Renting Real Estate in Turkey: How to Rent Out an Apartment or Villa Correctly and Profitably

Turkey has cemented its status as one of the most popular tourism destinations in the world. A large number of tourists arriving in the country creates an increased demand for rental housing, so many investors prefer to invest in local real estate in order to receive income from renting it out to renters in the future. This article will be useful for those who have decided to enter this field. Let's take a look at the top 10 aspects of buying and managing rental homes.

Turkey's Cities with the Highest Rental Income Named

According to the news of the Yeni Şafak; One of the Turkish companies for assessing the value and profitability of real estate studied the demand and profitability of rental housing in cities and individual regions of the Republic of Turkey. It turned out that the most profitable area for renting out apartments and villas was the Mamak area in Ankara with an annual profitability of 8.54%. The second place was taken by the Esenyurt district in Istanbul, receiving 7.93%. Altindag in Ankara closes the top three, where profitability was estimated at 7.62%. Next on the list are several areas in the capital of the country, as well as in Izmir, Bursa, Istanbul, Mersin and Antalya. Thus, the most profitable area for renting out housing in Bursa is considered to be Yildirim, in Antalya - Kepez, in Mersin - Yenisehir, and in Bursa - Osmangazi. Among the provinces, Antalya stands out favorably as the most popular locality among foreign buyers and investors. It is one of the best Turkish cities for relocation and offers developed infrastructure, a pleasant climate and many foreign communities.

Türkiye to Tighten Rules for Airbnb Style Rentals

According to the news of Prime Property Turkey, The Turkish government is taking assertive measures to address the pressing issue of escalating rental costs within the country. Their proposed bill, submitted by the ruling Justice and Development Party (AK Party) to the Parliament, intends to bring short-term rentals under tight regulation, a move that draws parallels with popular vacation rental platforms such as Airbnb. Under these proposed regulations, landlords would be required to secure permits from the Culture and Tourism Ministry to engage in short-term rentals. In addition to the permit, homeowners would need to fulfill several other obligations, including the payment of taxes and displaying a designated sign on their property. These measures have been deemed necessary as residents in Turkey are grappling with the challenge of finding affordable housing, particularly in the face of escalating property prices, partly attributed to persistent consumer inflation. To mitigate the impact of these economic forces on residents, Turkey implemented a measure limiting annual rent increases to a maximum of 25%. This regulation was introduced in June of the previous year but inadvertently led to a significant uptick in legal disputes between landlords and tenants. Before this regulation, annual price hikes for existing tenants were limited to the average annual inflation rate over the preceding 12 months.  

Türkiye Attracts Over $250B in Foreign Investments

According to the news of Prime property turkey Türkiye has attracted over $250 billion in foreign direct investments (FDI) since 2003, marking a significant increase in international capital inflow, according to Ahmet Burak Dağlıoğlu, the head of the Presidency's Investment Office. This achievement is attributed to structural reforms and investment targets that have drawn the attention of global investors. Dağlıoğlu highlighted the pivotal role of political stability since 2003 in fostering international investments. He also pointed out that the majority of FDI in Türkiye comes from Europe, emphasizing the country's pivotal role as an alternative production hub for Asian countries and its proximity to European markets. Dağlıoğlu stated that direct investments are crucial for Türkiye's aim to become one of the world's top ten economies, focusing on addressing the current account deficit, employment creation, and technological transformation. Türkiye's commitment to these goals is an attractive prospect for international investors, especially given the country's growth trajectory and export-focused economy. Sustainability, digitalization, and geopolitical developments have reshaped the global supply chain, and Dağlıoğlu underlined the importance of Türkiye's strategic location, infrastructure investment, and green policies in enabling its integration into the global supply chain.

Antalya lures not only holidaymakers but also foreign businesses

According to the news of Hurriyet Daily News Antalya, one of Türkiye’s most popular holiday spots where foreigners heavily buy residential properties, has also become a magnet for international investments.    

THE CONCEPT OF RENTAL MIGRATION APPEARED IN TURKEY

According to the news of Turk estate A new term that is increasingly referred to in the Turkish media is "rental migration." This is about people who are forced to move to cheaper cities and neighborhoods because they can no longer afford the high rent in their current locations. Rental migration is becoming more common among pensioners, students, and minimum wage workers who are unable to cope with the excessive rents. According to the latest data from the Center for Economic and Social Research (BETAM), in Istanbul, the average cost of renting for a typical housing unit for a family of four - with an area of 120 sq. M. - starts at 17,000 Turkish Liras (TL). This poses a challenge for families with only one breadwinner, especially considering that the minimum wage is currently 11,402 TL. As a result, many people are migrating to other places. They are moving from Istanbul to places like Kırklareli, where rental rates are more reasonable and the risk of earthquakes is lower. However, this relocation comes with its own costs, such as moving expenses, transportation, and painting the new place, which can amount to around 50,000 TL. Pensioners are particularly affected by this situation. For example, the average pensioner from Istanbul's Pendik district saw their rent increase from 1,750 TL in 2022 to 4,000 TL in 2023, and then immediately to 9,500 TL. In contrast, the average pension is only about 7,000 TL.   This is why more and more pensioners, students, and low-income individuals decide to not only move to cheaper districts and provinces but also to live with relatives or friends. It's worth noting that Istanbul is not the only city with unaffordable rents (rent rates have grown by more than 700% in just four years):. In Ankara, it is also very difficult to find housing cheaper than 10,000 TL. This has led to a growing trend of people leaving Turkey's largest metropolis. In addition to high prices, the risk of earthquakes is another factor driving people to leave Istanbul. This is why so many individuals are now seeking alternative places to live.

ANTALYA WITNESSES GAZIPASA BECOMING ONE OF THE MOST EXPENSIVE DISTRICTS

  According to the news of Turk estate  Gazipasa, the area surrounding the airport of the same name and located closest to the resort city of Alanya in the province of Antalya, is experiencing a significant increase in the cost of both renting and buying properties. This information comes from experts at Endeksa, a predictive real estate data analytics and insights platform, who have recently updated their data to include June's real estate transactions. According to their information, the average price for a typical 2+1 residence in Gazipasa has reached 2,714,460 Turkish Liras (TL), while a 3+1 format costs around 3,726,150 TL. It is worth noting that prices are even higher in luxury complexes and branded residential buildings. In addition, Endeksa has provided information on the rental market in the province of Antalya, specifically the different areas where one can rent housing based on a budget of 15,000 TL. This information is useful for both tenants looking for suitable options and property owners who want to determine a fair rental price for their apartments. So: in Akseki - 278 sq. m; in Aksu - 101 sq. m; in Alanya - 99 sq. m; in Demre - 142 sq. m; in Dosemealti - 147 sq. m; in Elmaly - 176 sq. m; in Finike - 200 sq. m; in Gazipashe - 133 sq. m; in Kashe - 117 sq. m; in Kemere - 87 sq. m; in Kepese - 134 sq. m; in Konyaalti - 93 sq. m; in Kumluje - 203 sq. m; in Manavgathe - 139 sq. m. Gazipaşa district is gaining popularity, partly due to the ongoing expansion and improvement of the airport. In recent years, there has been a significant rise in passenger traffic, including international passengers.

Technical groundwork for Türkiye's 1st offshore wind plant due in 2024

According to the news of Daily Sabah The technical groundwork for Türkiye's inaugural offshore wind power plant is set to commence in 2024, an industry official said Monday, part of the efforts to utilize clean energy sources to curb the country's heavy external dependency. The field sizes for offshore wind energy plants were determined in August as part of the Renewable Energy Resource Area (YEKA) framework, paving the way for technical studies to begin in 2024, said Murat Durak, chair of the board of the Offshore Wind Energy Association (DÜRED).  

Türkiye's assets abroad total $308.6B as of October

According to the news of Daily Sabah Türkiye's assets abroad slightly decreased to $308.6 billion (TL 8.96 trillion) at the end of October, down 0.1% from end-2022, the official data released on Monday showed. Liabilities against non-residents fell 3.5% to $603.5 billion, the data from the Central Bank of the Republic of Türkiye (CBRT) showed.  

Turkish central bank to slow tightening pace with rate hike to 42.5%

According to the news of Daily Sabah Türkiye’s central bank is expected to tighten its policy again this week, but at a slower pace compared to previous months, as it approaches the end of its cycle, according to market surveys. Since June, when President Recep Tayyip Erdoğan appointed former Wall Street banker Hafize Gaye Erkan as its governor, the Central Bank of the Republic of Türkiye (CBRT) has lifted its key rate by 3,150 basis points – including hikes of 500 basis points in each of the last three months.  

Erdoğan visits Hungary as ties with Türkiye deepen

According to the news of  Daily Sabah Accompanied by a large delegation, President Recep Tayyip Erdoğan arrived in Budapest on Monday, on his second visit to the European country in four months. The president was welcomed by his counterpart Katalin Novak and was later scheduled to meet Hungarian premier Viktor Orban. Novak and Erdoğan joined a welcoming ceremony at Budapest's Heroes Square before heading to a meeting of bilateral talks with Orban.  

Referee punched: Turkish FA halts league football after club president hits Super Lig official

According to the news ofZ NBC Turkish football bosses suspended all leagues after a referee was punched to the ground by a club president following a top-flight game on Monday.    

Profits from Russian frozen assets 'could go to Ukraine'

According to the news of Euobserver Special income arising from an EU freeze of Russian assets belongs neither to Russia nor the EU and can rightly go to Ukraine, according to a legal blueprint on how to help fund post-war reconstruction. "These revenues do not constitute sovereign assets and do not have to be made available to the Central Bank of Russia under applicable rules, even after the discontinuation of the [EU] transaction prohibition," the EU foreign service (EEAS) said in a 12-page text, dated Tuesday (12 December).

888 Million TL Mersin Hotel Investment

According to the news of Turkish Insider A 246-room hotel will be built in Mersin with an investment of 888 million TL.  

Antalya Tourism Season Now Lasts 12 Months

According to the news of Turkish Insider In Antalya, which broke an all-time tourism record with approximately 15.5 million tourists, the season stretched over 12 months, as well as an increase in the number of tourists and revenues.  

Expansion of the Chinese market from Antalya. China's leading tour operators and OTA (Over The Air) will be in Antalya.

According to the news of Turkish Insider In December 2023, Antalya, one of Turkey's leading tourist destinations, will be the venue for an outstanding event organized in collaboration with the Chinese online tourism platform Trip.com and its subsidiaries, including tour operators and agencies. This event is also supported by the Turkish Tourism Promotion and Development Agency (TGA). It is planned that the event will be held at the Limak Lara Hotel within the framework of the Antalya Resort Hotels Association (AKTOB) from 09:30 to 12:00 on December 20, 2023.    

AI-powered tourism apps unveiled in Istanbul

According to the news of Hurriyet Daily News  In a bid to boost tourism and make it easier for tourists to access the city, Istanbul Municipality has launched the "Visit Istanbul" web portal that features an artificial intelligence tourist guide application and a platform for content creators.  

Şimşek meets with investors in Spain

  According to the news of Hurriyet Daily News Treasury and Finance Minister Mehmet Şimşek has held a meeting in Spain with representatives of Spanish companies and the finance industry.

No place for hate in America against Jews, Muslims or anybody else: Biden

According to the news of Yeni safak US President Joe Biden warned Monday against a rise in antisemitism around the globe as he marked Hanukkah, a Jewish festival that lasts eight days. "I also recognize you're hurt from the silence, and the fear and for your safety because the surge of antisemitism in the United States of America and around the world is sickening." "You know, we see it across our communities, and schools, and colleges, and social media," Biden said at the Hanukkah reception in the East Room of the White House. The US is implementing "the first ever" national strategy to combat antisemitism, he added. "Let me be clear: There is no place for hate in America against Jews, Muslims or anybody else.”    

Top Ukrainian diplomat meets Azerbaijani, Hungarian, Armenian counterparts in Brussels

According to the news of Yeni safak Ukraine's top diplomat met his Azerbaijani, Hungarian and Armenian counterparts in Brussels, where he attended a ministerial meeting of the EU Eastern Partnership and a session of EU Foreign Affairs Council. “It was good to meet with my Azerbaijani colleague Jeyhun Bayramov to discuss Ukrainian President Volodymyr Zelenskyy's Peace Formula and our bilateral cooperation,” Ukrainian Foreign Minister Dmytro Kuleba wrote on X late Monday. “I reiterated Ukraine's support for Azerbaijan's territorial integrity within its internationally recognized borders, as well as initiatives to develop regional cooperation in the space between the Caspian and Black Seas." In a separate statement, Azerbaijan's Foreign Ministry said the two ministers exchanged views on cooperation prospects between Azerbaijan and Ukraine in various fields, including transport, energy and humanitarian. Bayramov informed Kuleba on the recent developments in the South Caucasus region and the process of Azerbaijani-Armenian normalization. Kuleba later held talks with his Hungarian counterpart Peter Szijjarto, and informed him of the “recent changes to the Ukrainian legislation on national minorities,” besides discussing the issue of opening Ukraine's EU accession talks. It was the first in-person meeting between the two since the start of Russia's war on Ukraine in February 2022.  

Türkiye's communications director highlights media's responsibility for improved Turkish-Greek relations

According to the news of Yeni safak The Turkish communications director on Tuesday highlighted the media's responsibility for improved relations between Türkiye and Greece. Addressing the 2nd Greek-Turkish Media and Academy forum in Athens via a video message, attended by Turkish and Greek diplomats, journalists, and scholars, Fahrettin Altun said: “We must develop a new approach in the field of communication and media, taking the side of truth against attempts to sever the bonds of Türkiye and Greece.”   Drawing attention to the media landscape that has emerged after the Israel-Palestine conflict on Oct. 7, Altun said: “The events in Gaza have once again demonstrated how destructive the untruthful and manipulative media content, to which the public has been exposed, is and can be for humanity.”

Turkey's Renewable Energy Push: A Green Revolution

Türkiye is making significant strides in its quest for a sustainable future, with a focus on renewable energy. The country is investing heavily in wind and solar energy projects in an effort to diversify its energy mix and reduce dependence on traditional sources. Recent advances in technology and government incentives have spurred the development of large-scale renewable energy projects across the country. This green revolution not only contributes to the preservation of the environment, but also positions Turkey as a leader in the region's transition to cleaner and more sustainable energy solutions. The government's commitment to achieving renewable energy goals has attracted international attention, demonstrating Turkey's commitment to a greener and greener future.

Turkish Cuisine Takes Center Stage in Global Culinary Scene

Turkish cuisine is making waves on the international culinary stage, gaining recognition for its rich flavors and diverse offerings. From traditional delights like kebabs and baklava to lesser-known gems like manti (Turkish dumplings) and karnabahar tava (cauliflower sauté), Turkish dishes are captivating the palates of food enthusiasts worldwide. Renowned chefs are increasingly drawing inspiration from Turkey's culinary heritage, incorporating Turkish flavors and techniques into their menus. Culinary tourism is on the rise as visitors flock to experience authentic Turkish dishes and explore the country's diverse regional cuisines.

Turkey's Thriving Tech Scene Sparks Innovation Hub in Istanbul

In a move to foster innovation and entrepreneurship, Turkey has been witnessing the rise of a thriving tech scene, particularly in Istanbul. The city is becoming a hub for tech startups, attracting investment and talent from both domestic and international sources. Incubators and accelerators have been instrumental in nurturing the growth of these startups, covering a wide range of sectors from fintech to artificial intelligence. The Turkish government's initiatives to support the tech ecosystem, coupled with the city's vibrant energy, position Istanbul as a rising star in the global tech landscape, with the potential to rival established innovation hubs.

Turkish Riviera Emerges as a Premier Luxury Travel Destination

In recent years, the Turkish Riviera has witnessed a significant surge in popularity as a premier luxury travel destination, attracting discerning travelers from around the globe. The region's stunning coastal landscapes, pristine beaches, and historical sites have become magnets for those seeking a blend of culture and relaxation. Upscale resorts and boutique hotels along the coastline offer world-class amenities, making the Turkish Riviera a sought-after destination for those in pursuit of an exclusive and indulgent travel experience. The Turkish government's efforts to promote sustainable tourism have also contributed to the region's appeal, ensuring that visitors can enjoy the natural beauty while preserving the environment.

Türk Telekom mulls big tech investment with a foreign company: CEO

According to the news of Bazaar times Türk Telekom is holding talks with a foreign company for an investment to develop new generation technologies, said Ümit Önal, its CEO.  

Bitcoin rally shines spotlight on investor risks

According to the news of Techxplore A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.  

Erdogan: Turkey follows agreements on the creation of a hub for gas supplies from Russia to Europe

According to the news of TASS Turkish President Recep Tayyip Erdogan reaffirmed his commitment to agreements with Russian leader Vladimir Putin on the construction of a gas hub in the republic to supply gas from Russia to Europe. The Turkish leader said this in an interview with Turkish journalists on board the plane, returning from Greece. "As you know, we wanted to build an energy hub in [Istanbul's] Atasehir district. We want to turn one of the towers there into a place where we mobilize energy distribution capabilities. As you know, we have decided to create a [gas] center in Thrace to supply natural gas from Russia to the Balkans and Europe. We agreed on this with Russian President Vladimir Putin," he was quoted as saying by the state-run Anadolu Ajansı news agency.

Renault to invest over $430M to turn Türkiye into export hub

According to the news of Daily Sabah: French carmaker Renault Group on Thursday said it plans to reduce its production costs by increasing the use of digital and artificial intelligence technology, and announced plans to expand its presence in Türkiye. The company will be investing 400 million euros ($430.92 million) by 2027 to make four new models at its site in the Turkish northwestern Bursa province in collaboration with Türkiye’s OYAK Group, including a new low-cost SUV Duster.  

Türkiye becomes world's most cyber targeted region in 2023

According to the news of Daily Sabah Throughout 2023, Türkiye has emerged as one of the most targeted regions for cybercrime globally, according to findings released by Kaspersky, underscoring the nation's increased vulnerability to cyber threats as digitalization efforts persist among institutions. As the digital landscape continues to expand, Türkiye has remained a focal point for cybercrime activities. Kaspersky's insights and statistics from the third quarter of 2023 reveal a concerning trend in the regional threat landscape. Moreover, the report offers predictions on how the cyber threat landscape might evolve in the coming year, highlighting the need for proactive measures.  

Reuters learned about Turkey's delay in approving Sweden's application to NATO

According to RBC: Turkey has notified NATO that it will not ratify Sweden's application to join the bloc by the meeting of the alliance's foreign ministers, which will be held on November 28-29, Reuters reports, citing sources. Last week, the Turkish parliament's foreign affairs committee postponed a vote on Sweden's application to join NATO in order to continue negotiations on the topic, the agency writes. According to him, representatives of individual NATO member countries expected that the ceremony of Sweden's admission to the bloc would be held within the framework of the meeting of foreign ministers in Brussels. As Bloomberg wrote in October, citing a representative of the Swedish government, NATO Secretary General Jens Stoltenberg named the dates of November 28-29 in a letter to members of the bloc as the latest for Sweden to join it.

Russians are fleeing Turkey en masse: sad reasons revealed

According to Turprom: In 2022, Turkey became an attractive destination for many Russians to move, but recently the situation has changed dramatically. We will look at the sad reasons for this mass outflow through the prism of the history of Russian women, as well as analyze the prospects for life in Turkey in the context of the changes taking place in the country. "The streets of Antalya, Alanya, Istanbul and Bursa were filled with Russian-language relocans. But something has changed - refusals for residence permits, soaring prices, relocators are leaving: some to Dubai, some to Thailand, some to Serbia," she said on the air of her Zen channel Nasturtium. So, why Russians are fleeing Turkey, which until recently was a magnet: prices. The cost of living in Turkey has skyrocketed, frustrating those accustomed to the country as an affordable place to live. Inflation does not correspond to changes in the exchange rate, which creates misunderstanding among residents. Even the usual stores have become inaccessible due to high prices. From the latest news: the Turkish lira has collapsed to a historic low (details here). "I used to be able to go to Migros and buy half a store for 400 lira. Now 400 lira is cheese, 4 ice creams, basturma and bread. To roughly convert it into rubles, multiply by 4," the author complained. Economic situation. The Minister of Finance is fighting inflation, but raising the key rate to 40% may be too high a burden for business, which may affect business activity in the coming year. Tourism and prices. Turkey continues to attract tourists, but the old reputation of cheap holidays is fading. Life has become more expensive, and luxuries that used to be available have become unaffordable. Comparison with other countries. Comparing prices in Turkey with other countries popular with relocators, it becomes clear that the changes are not limited to Turkey. The dynamics of the exchange rate of the local currency against the ruble also plays a role, the author noted. "If you compare Turkey with Turkey a couple of years ago, the prices, of course, are shocking. But all over the world (and especially in countries popular with relocators), prices have risen a lot. And here it is necessary to take into account not only the exchange rate of the local currency, but also the speed of the dynamics of the exchange rate against the ruble," she said. Difficulties with a residence permit. Tourist ikamet (residence permit) has become difficult to obtain, especially after changes in legislation. Property owners face restrictions when obtaining residency, and tourist ikamet has become a rare exception. Uncertainty with real estate. Homeowners are nervous because they are in a "limbo" state about a residence permit. Real estate prices have become a key factor in obtaining a residence permit, and the question of the availability of a tourist ikamet remains open. The current situation raises questions among Russians who consider Turkey as a place of permanent residence. Uncertainty over prices, residence permits, and the country's future economic situation has cast doubt on the republic's attractiveness for relocation. Perhaps, closer to the summer, after the municipal elections, the situation will become clearer, - this is the forecast given by the blogger.    

Turkey's Baykar announced plans to send a satellite into space in 2025

According to the news of the time son One of the largest manufacturers of unmanned aerial vehicles in the world, the Turkish company Baykar expects to send its first satellite into space in 2025, said Selcuk Bayraktar, chairman of the company's board of directors. "Work on our space initiative has been going on for 1.5 years. We don't go where everyone else is going, we anticipate the future and prepare to race for that future today. We are working on low-orbit command satellites and orbital vehicles. In 2025, we will send our first satellite into space," the Akşam newspaper quoted him as saying. According to him, the company will develop a satellite that will support the development of innovations for global navigation systems and special communication applications.

Turkish house sales cool in October, plunging 8.7% year-over-year

According to the news of  Daily Sabah  Home sales in Türkiye dropped by 8.7% in October, compared to the same month previous year, according to the official data released on Thursday. Some 93,761 residential properties changed hands last month, also down from 102,656 in the prior month, the Turkish Statistical Institute (TurkStat) said. From January through October, sales dove 14.3% year-over-year to 993,835 units, the data said. The data also showed the mortgaged house sales decreased by 58.0% last month when compared to the same month a year earlier and stood at 5,577.       House sales continued to slow down after the short rise in sales registered in August, which with 122,091 units marked the highest level this year. Istanbul, Türkiye's largest city in terms of population dominated the housing market in October, having the highest share with 15.9% of all sales with some 14,941 sold units. It was followed by the capital Ankara and western Izmir with 7,394 (7.9%) and 5,192 (5.5%) housing sales, respectively. Housing sales to foreign buyers, meanwhile, maintained a downward trend as well and plunged 52.9% year-over-year to 2,536 units this October, the TurkStat said.       The Mediterranean resort city of Antalya had the largest share of sales to foreign buyers with 931 units. Istanbul followed with 758 properties sold to foreigners, while the southern province of Mersin came third with 294. Among foreign nationals, Russians bought the largest number of houses – 713 units – followed by Iranians with 235, Germans with 152 and Ukrainians with 138. In the first 10 months of the year, residential sales to foreigners plummeted 44.4% from the prior year to 30,599, the data said.

Turkey's Provinces and Districts with the Highest Rental Yields Named

According to the news of Dahab  Of the districts in Turkey's major cities, Mamak, the fourth largest district of Ankara, turned out to be the most profitable in terms of renting out housing. The rental yield here was 8.54% per year. In second place with 7.93% per annum is Esenyurt in Istanbul. Third on the list is Altındağ, also a district of the capital, with a profitability of 7.62%. These data are published in a report by the real estate appraisal company Endeksa. There are also several districts in the highest positions of the rating: Keçiören in Ankara (7.3%), Konak in Izmir (7.24%), Yıldırım in Bursa (7.14%), Etimesgut in Ankara (7.3%), Osmangazi in Bursa (6.94%), Küçükçekmece in Istanbul (6.92%). In Antalya, Kepez stands out (6.86%), in Mersin, Yenişehir (6.82%) is the most profitable. Among the provinces as a whole, Ankara has the highest rates (7.29%). A detailed review of real estate in this region has recently been published on the HomesOverseas.ru portal. The top five also includes: Bursa (6.45%), Mirt (5.97%), Adana (5.83%) and Istanbul (5.73%). Antalya is in 7th place with a yield of 5.53%.

Sales of apartments and houses to locals in Turkey have decreased, among other things, due to high prices

According to the news of Dahab In the first ten months of 2023, home sales in Turkey fell by more than 14% compared to the extremely active last year and amounted to about 994,000 units. In 2023, the number of properties sold is estimated to be 1.2 million, compared to an average of 1.4 million to 1.5 million units in the last three years. Experts believe that high housing prices, high interest rates, restrictions on access to credit and more attractive rates on deposit accounts are to blame for the reduction. The average cost of real estate in Turkey rose in October by 103% compared to last year and exceeded 3 million Turkish liras ($105,000), according to the valuation company Endeksa. Ahmet Büyükduman of Istanbul-based appraisal company Gayrimenkul Değerleme drew attention to a 60 percent decline in home sales using mortgages, saying that this is the main reason for the overall decline. "People no longer see houses as an investment," said Gökhan Taş of MasterTürk Group. "Only those who really need housing buy apartments. Prices in lira are not going down and will not go down...," he added. According to Tash, potential buyers in the market now have a strong bargaining position with sellers. He believes that this situation is likely to persist until the summer of 2024.

Turkish passport for real estate investment will rise in price to $600,000

According to the news of Gazete Pencere the Ministry of Interior's Migration Management is making a new regulation in the sale of housing to foreigners. On October 16, 2023, the Ministry of Interior, Directorate of Migration Management, issued a regulation increasing the lower limit for the sale of housing to foreigners for residential purposes from 75 thousand dollars to 200 thousand dollars. As a result of a new regulation by the Ministry of Interior, Migration Management, the lower limit for the sale of housing to foreigners as of 2024 is 600 thousand dollars. Making a statement on the subject, Atem President Hakan Akçam said: "Currently, foreigners who buy real estate for 400 thousand dollars are given the right to apply for Turkish citizenship. Housing sales to foreigners are at the lowest level in the last 2.5 years According to TurkStat data, in October 2023, housing sales to foreigners have fallen to the lowest level in the last 2.5 years. After the pandemic, housing and rent increases in Turkey continued to increase rapidly, while the number of housing sales passed the decline.  Stating that one of the reasons for the upheaval of the market on the housing side in real estate is housing sales to foreigners, Akçam drew attention to the decline in sales in recent months. In October 2023, housing sales to foreigners saw the lowest levels of the last 2.5 years. According to the data, the decline in housing sales to foreigners, which was limited to 0.6 percent in the first month of the year, increased to 27 percent in the same month after the earthquakes that occurred on February 6; In the middle of the year, it continued to decline sharply with 42 percent. In October 2023, housing sales to foreigners decreased by 53 percent year-on-year to 2,550 numerically. Thus, housing sales to foreigners have seen the lowest level since 2020. 

Türkiye, Greece hold meeting on confidence-building measures

 According to the news of ANEWS Delegations from Türkiye and Greece on Monday held a new round of discussions focused on confidence-building measures in the Turkish capital Ankara. The Turkish National Defense Ministry hosted the meeting, which was attended by ambassadors, high-ranking military officers, and other officials. National Defense Minister Yaşar Güler received Haris Lalacos, secretary-general of the Greek Foreign Ministry and adviser to the defense minister, who led the Greek defense delegation. The two sides provisionally agreed to implement or reactivate a number of previously agreed-on confidence-building measures over the course of next year, according to a Turkish statement. The meeting was held in a "positive spirit," the statement added, stressing that the next meeting will be hosted by the Greek side. Türkiye and Greece have experienced a tumultuous relationship over the years. Although 2021 saw some improvements, several issues remain unresolved between the two neighboring countries. Türkiye, a NATO member for over 70 years, has protested repeated provocative actions and rhetoric by Greece in the region in recent years, including arming islands near Turkish shores that are demilitarized under longstanding treaties, saying that such moves frustrate its good faith efforts towards peace.

Turkey aims for 70M+ tourist arrivals in 2028, says vice president

According to the news of ANEWS Türkiye aims to see more than 70 million tourist arrivals by the year 2028, the nation's vice president said on Thursday. Speaking at the 6th TravelExpo Ankara International Tourism and Travel Fair in the Turkish capital, Cevdet Yılmaz said the government has targeted annual tourism revenues of $100 billion by the 2030s. According to the latest data from the Turkish Statistical Institute, Türkiye's tourism income surged 20.1% year-on-year this January-September to $42 million. The country welcomed 44.6 million visitors in the first nine months of this year, up 13.2% from last year, he added. "Tourism will contribute significantly to achieving our goal of bringing our current account deficit close to zero, which is included in our 12th Development Plan-spanning the years 2024-2028-recently passed by parliament," Yılmaz said.

Türkiye's unemployment rate drops to 9.5%, reaching lowest level since march 2014

According to the news of ANEWS Türkiye's unemployment rate reached its lowest level since March 2014, standing at 9.5% in May. This marks a decrease of 0.5 percentage points compared to April. According to official figures released by TurkStat on Monday, the number of unemployed individuals in the country decreased by 193,000 people to reach 3.3 million in May.

Istanbul Airport tops European cargo traffic rankings in first six months of 2023

According to the news of ANEWS Istanbul Airport has topped the list of the top 10 airports with the best cargo traffic in Europe during the first half of 2023, according to Minister of Transport and Infrastructure Abdulkadir Uraloğlu. The minister shared this information on his social media account, expressing his pride in the airport's continuous success in transportation.

E-commerce giant Alibaba planning to invest $2 billion in Türkiye

According to the news of ANEWS E-commerce giant Alibaba is reportedly preparing to make a significant investment of $2 billion in Türkiye, as disclosed by its Turkish subsidiary Trendyol on Monday. This announcement followed a meeting between Michael Evans, President of Alibaba, and Turkish President Recep Tayyip Erdoğan in Istanbul on Friday.

Turkish flour firm Söke buys 12.65% of U.S. based bread-maker Rudi's

According to the news of ANEWS Turkish flour producer Söke bought 12.65% of U.S.-based bread maker Rudi's, the head of Turkish firm said Monday. Eren Günhan Ulusoy said the purchase was completed on Sept. 22, according to a press release. Established in 1976 in Colorado, Rudi's is especially active in organic and gluten-free bread making. Söke's income last year amounted to 2.49 billion Turkish liras (about $150.2 million), while its sales reached 1.9 billion liras (about $116.7 million) in the first half 2023, Ulusoy said. The firm is also expanding its activities into other sectors, including energy, Ulusoy explaining: "We are building a solar power plant with an installed capacity of 11,000kW on 105 decare-field (about 26-acre) in central-Anatolian province Konya to meet Söke's annual energy need of 16 million kWh."

ChatGPT takes a big step forward with new audio and video capabilities | ChatGPT equipped with ability to see, hear and speak

According to the news of ANEWS OpenAI, the creator of the artificial intelligence application ChatGPT, has unveiled an exciting development: ChatGPT now possesses the capabilities of "seeing, hearing, and speaking."

Türkiye's annual consumer inflation eases to 61.36% in October

According to the news of Argentina's annual inflation hit 142.7 percent Monday, just days before a presidential election in which the dire state of the country's economy will be a deciding factor. Argentines will go to the polls on Sunday for a nail-biting election showdown between Economy Minister Sergio Massa and political outsider and self-described "anarcho-capitalist" Javier Milei. Massa has overseen the slide into triple-digit inflation that has many struggling to survive. The libertarian Milei has vowed to "dynamite" the central bank and dollarize the economy, firing up voters tired of decades of decline in their living standards. The national statistics agency reported that inflation over the past 12 months had risen 142.7 percent, up from 138 percent in September. Nevertheless, monthly inflation slowed to 8.3 percent, down from 12.7 percent in September. Consumer prices have risen 120 percent since January this year.

Türkiye's annual consumer inflation eases to 61.36% in October

According to the news of ANEWS Türkiye's annual inflation unexpectedly eased to 61.36% in October, according to official data released on Friday. The figure fell from a nine-month high of 61.53% in September, according to data released by Turkish Statistical Authority (TurkStat). An Anadolu survey had forecast the annual consumer price index to increase to 62.36%. Among the main groups, hotels, cafes and restaurants saw the largest annual price surge with 94.12%, while housing posted the lowest with 25.98%. Food prices gained 71.99% year-on-year in October. On a monthly basis, Türkiye's consumer prices index increased 3.43% in October, slowing from a 4.75% hike in September. Türkiye's Central Bank on Thursday revised its year-end inflation forecast upwards for 2023 to 65%, mainly led by higher food and energy import prices.

China’s New Real Estate Model to Be Built on ‘3 Major Projects’, with Cheaper Property for Urban Migrants and Young Adults

According to the news of Ji Siqi in Beijing from South China Morning Post; With Beijing vowing to build a new real estate development model on the bedrock of “three major projects” – including more affordable housing – some analysts are calling for all real estate restrictions to be lifted for buyers and sellers. And they say central leadership might consider bailing out certain property developers in the midst of a liquidity crisis. China’s housing minister, Ni Hong, said on Sunday that while the country’s real estate market is in a period of transformation that is fraught with difficulties, the foundation exists for sustainable development. “The old development model that pursued speed and quantity no longer suits the new requirements of high-quality development, and a new development model is urgently needed,” he said in an interview with party mouthpiece People’s Daily. “Building a new model of real estate development is a fundamental strategy to solve current problems and promote the stable and healthy development of the real estate market,” Ni added.

Migration to Antalya after the Russia-Ukraine War Stopped, the Exorbitant Rent Bubble Burst

According to the news in Akdeniz Telegraf; Pointing out that rental prices increased with the wave of migration that occurred after the war between Russia and Ukraine in Antalya, İsmail Çağlar, President of the Antalya Chamber of Real Estate Agents, Car Dealers and Business Followers, said, "Rental prices had risen a lot, it was almost a bubble, that bubble burst."

Frightening news from China: Real estate giant fails to make the expected payment

According to the news of Kenan Biter from Yeni Şafak; In China, real estate giant Evergrande's debt crisis is deepening. The group's mainland Chinese subsidiary, Hengda Real Estate Group, failed to make its principal and interest payments on the 4 billion yuan bond on Sept. 25. Evergrande's shares fell more than 20 percent after the developments, while concerns that the company could face liquidation and all operations could be halted if it could not reach a new agreement with its creditors were rekindled.

The Lower Limit for the Sale of Residence Permits to Foreigners Has Been Increased!

An important decision was made regarding the sale of housing to foreigners. The immigration administration has changed the lower limit for short-term residence permits for foreigners. As of October 16, 2023, the lower limit of 75 thousand dollars has been increased to 200 thousand dollars for the immovables that foreigners will buy in order to obtain a residence permit

In Germany, The Office Real Estate Crisis Is Starting To Change The Face Of Cities

According to the news of David SADLER from Globe World News Echo; After a decade of frenetic growth, the German commercial real estate market has entered a sharp correction phase. According to figures from BNP Paribas Real Estate, the volume of transactions in office real estate decreased by 76% in the first nine months of the year compared to the same period of the previous year, to about 4.6 billion euros. Jones Lang LaSalle, an American real estate services group, reported that transactions in Germany's seven largest cities fell by 36.3% over the same period. The office vacancy rate in German metropolises rose to 5.5% in the first nine months, up from just 4.7% in 2022 over the same period. Read also: Article dedicated to our subscribersOffice real estate in chaos amid rising rates and changing uses in Europe Several factors explain the trend. In addition to the slowdown in the economy since the beginning of 2023, there is also a credit restriction that puts pressure on business investment. However, above all, we are observing an overall decline in the demand for office space as a result of the proliferation of remote working since the Covid-19 pandemic. According to a recent survey by the Ifo institute, 61% of German companies currently allow their employees to work from home, especially in large groups. A quarter of employees take advantage of this opportunity on a regular basis. According to industry experts, this trend is expected to continue. However, due to the long-term nature of office lease contracts (usually ten years), the effects on the market are just beginning. "For the moment, bosses are still hesitant: some want to bring their employees back to the office, others are testing remote working solutions. Companies decide to reduce their space and settle in the most central locations of cities, which continue to be attractive, only where remote work is most established. Most of the time, they tend to stay on their premises and refuse to expand even as they grow. And no one is embarking on a new construction project," explains Christian Oberst, an expert on real estate issues at the Cologne Institute of Economics. Development of circles Conclusion: Transactions in the market are few in number, many areas have difficulty finding buyers if they are not well positioned. According to Bank DZ, commercial real estate purchase prices fell by 10% compared to mid-2022, while those of office real estate fell by 8%. Could this development lead to a financial crisis, as feared in some markets? "I think the risk is lower than in the United States," puts Mr. Oberst in perspective. There, prices drop by 20%, which is still far from what we observe in Germany. »

Ultra-rich Russian, Chinese investors flock to Dubai luxury real estate

According to the Arabian Bussiness news; As geopolitical tensions rise, Dubai’s luxury real estate attracts significant capital inflows from Russian and Chinese investors seeking a financial safe haven. Growing investor demand from Russia and China has helped fuel exponential market growth in the UAE, especially in Dubai’s luxury real estate segment, industry insiders told Arabian Business. As geopolitical tensions and economic uncertainties persist at home, wealthy individuals from these two countries have turned to Dubai in increasing numbers, chasing high yields and a safe haven for their capital. “Dubai and Abu Dhabi have consistently attracted the highest levels of investment this year,” notes Adil Akhtar, CEO and founder of Foremen Fiefdom Real Estate. “Particularly noteworthy is the remarkable surge in the luxury real estate sector.”

Russian Investors Establish 1,300 Companies in Turkiye in 2022: Report

According to a new report released by the Economic Policy Research Foundation of Turkiye (TEPAV) on 22 March, investors from Russia established over 1,300 companies in Turkiye in 2022, a 670 percent increase when compared to the previous year. This increase in investments and surge in commercial facilities by Russian nationals illustrates Turkiye as a hub for Russian capital, as well as Turkiye's neutrality in the Russia-Ukraine war, as Ankara refused Washington's demands to sanction Moscow following the start of its operation in Ukraine in February 2022. The report also indicates that Moscow had taken a great interest in Ankara's real estate market, accounting for 25 percent of its foreign property purchases last year. The report highlights that Turkiye's exports to Russia increased to $9.3 billion from $5.8 billion in 2021. Not only did Russian investments in Turkiye increase, but according to financial data-providing company Refinitiv, Ankara doubled its Russian oil imports in 2022, amounting to over 200,000 barrels per day (bpd) this year, compared to a mere 98,000 bpd in 2021. The US previously criticized Turkiye and the UAE for failing to follow through with the country's economic embargo imposed on the Russian Federation. According to a US official, the UAE has become a "country of focus" as Washington seeks to isolate Russia from the global economy, in part by increasing pressure on Abu Dhabi to sever ties with Moscow. Flights between Abu Dhabi and Moscow have continued throughout the duration of the war, while significant Russian investment continues to flow through Dubai's real estate market. According to Sputnik, Russian nationals have become the largest buying group of real estate in Dubai since the start of the war in Ukraine. In November 2022, a secret UAE-Russian meeting allegedly took place in Abu Dhabi, without the knowledge of the Kremlin, according to its spokesperson, Dmitry Peskov. The meeting, which according to Reuters, was mediated by the Gulf country without the presence of the UN, centered around a potential prisoner-swap agreement with Ukraine and Russia's use of a Ukrainian pipeline used for ammonia exports to Africa and Asia.

Antalya: The New Epicenter of Turkey's Foreign Trade and Real Estate Trade

It remains at the forefront of real estate, seeing more than 10,370 properties sold to foreign buyers this year alone. Russian citizens lead among countries, reflecting their tendency to seek a financial haven after Russia's invasion of Ukraine in early 2022 triggered waves of Western sanctions. More than 1,220 companies were founded by Russians, accounting for 20% of all foreign capital companies in Antalya. Germany, Iran, Azerbaijan and Ukraine follow with 751, 676, 302 and 270 companies, respectively. The majority, 495 companies, operate in the wholesale and retail food marketing sector. This is followed by real estate with 478 companies, construction with 451 companies, travel agencies, tour operators and other reservation services with 410 companies, and agricultural products trade with 355 companies. The trend shows no signs of slowing down. Between January and October this year, 666 new companies were established, 238 of which were Russians. In comparison, a year ago they had founded approximately 222 companies. While Germans follow with 59 companies, Iranians, Ukrainians and Azerbaijanis established 57, 44 and 36 companies, respectively, in the first nine months of this year. Despite the decline in housing sales this year, Russian citizens still top the list among foreign buyers, purchasing approximately 10,372 properties in Antalya from January to September, compared to 14,656 units a year ago.