istanbul new airport


Nihat Özdemir, Chairman of the Board of Limak Holding said; Movements to Istanbul Airport will be completed on 3 March 2019 and the new airport will be opened to civilian flights from this date onwards.

Istanbul Airport, which the first phase was opened on October 29, 2018 and the first flight took place on 31 October 2018, was planned to be fully operational on 1 January 2019.

In the following period, the works on the completion of the transportation of Atatürk Airport in the 30 and 31 December were postponed to March 2019.


Foreigners bought 39,663 properties in Turkey last year, up from 22,234 units in 2017.

The Turkish property market enjoyed a buoyant year in sales to foreigners last year, breaking all-time monthly records, particularly in the last quarter. Legislative amendments that eased citizenship with investment limits for foreigners, campaigns launched by real estate developers and banks and spiking foreign currency brought an annual record – a 78.4 percent increase in 2018 compared to the previous year. According to Turkish Statistical Institute (TurkStat) data released yesterday, 39,663 properties were sold to foreign investors last year – the highest number ever. In 2017, foreigners bought 22,234 units.

The Turkish property market enjoyed a buoyant year in sales to foreigners last year, breaking all-time monthly records, particularly in the last quarter. Legislative amendments that eased citizenship with investment limits for foreigners, campaigns launched by real estate developers and banks and spiking foreign currency brought an annual record – a 78.4 percent increase in 2018 compared to the previous year. According to Turkish Statistical Institute (TurkStat) data released yesterday, 39,663 properties were sold to foreign investors last year – the highest number ever. In 2017, foreigners bought 22,234 units.

In the first quarter last year, 5,298 housing units were sold to foreigners, rising to 6,158 in the second quarter. Foreigners bought 12,339 and 15,508 in the third and fourth quarters, respectively.

Housing sales decreased by 2.4 percent in 2018 compared to the previous year, falling to 1.37 million units.

Istanbul was the top choice for foreigners as 14,270 properties were sold in Turkey’s largest city last year, followed by Antalya where foreigners bought 7,938 housing units, then Bursa with 2,720 units, followed by Ankara and Yalova with 2,133 and 2,063, respectively.

Of every 100 housing units, 36 were sold in Istanbul and 20 were sold in Antalya on the Mediterranean coast.

Iraqis purchased the most properties last year: some 8,205 properties, 20.7 percent of total sales to foreigners. Iraqi citizens were followed by Iranians with 3,652 and Saudis with 2,718 houses. Russians came fourth with 2,297 housing units.

High level of house sales promising for 2019

Nazmi Durbakayım, the head of the Istanbul Constructors’ Association (İNDER), said property sales last year came close to the record 1.4 million units sold in 2017; however, momentum was lost in the last quarter due to the negative impact of deposit rates, which increased to the 25-30 percent band.

“Despite pressure from short-term increases in alternative investment instruments such as deposit interest and foreign exchange, the high level of house sales is promising for 2019,” Durbakayım noted.

The first quarter of this year could be challenging, according to the İNDER chairman, who said deposit rates, which are still high ahead of local elections, may drop to reasonable levels in the second quarter.

Durbakayim forecast a profit realization in foreign exchange savings and that the short-term investment trend will again turn into long-term investments, such as real estate.

“We think that investors who know that the repressed housing prices of 2018 will make a big leap this year and be effective in this increase. At the end of 2019, we expect house sales figures to be around 1.5 million units and the number of houses sold to foreigners will exceed the 50,000 band,” İNDER head Durbakayım noted.

Babacan Holding Chairman İbrahim Babacan said 2018 served as an exemplary period of alliance to keep the sector alive and provide a high added value to the economy, adding the sector increased sales by 2.9 percent in December, a promising development for 2019.

Babacan stressed purchasing activity, which was observed in foreign investors due to the new regulations, especially in the last quarter of 2018, created a significant domino effect on sales throughout the year.

Babacan said that they achieved a historic development in the sector by providing an increase of 78.4 percent in foreign residential sales, while this increase also manifested itself in Babacan Holding’s projects currently on sale.

Babacan noted that many foreign investors wish to invest in Turkey but prefer to wait due to the harsh legal rules, saying they managed to attract these investors to the country with new regulations.

“The current table shows that we were rewarded for the steps taken by our government’s support to keep the sector alive,” he said. “We can say that the upward trend in this ratio will continue in 2019. We can look forward to the future on behalf of our sector that feeds over 200 different sectors.”

Özyurtlar Holding Chairman Tamer Özyurt said that the interest of foreigners continues and that they have achieved the expected record in foreign residential sales.

Noting that the issue of foreign investors is important and that there is high demand, especially from the Gulf countries, Özyurt stressed that the citizenship regulation makes a serious contribution to both residential and commercial purchases.

Özyurt underlined that the regulation also encouraged foreign investors to buy commercial property in addition to residential sales, saying foreign exchange rates’ disposition in favor of foreigners and Turkish citizens evaluating their savings in foreign currency was another reason for this record increase. “We will see its effects in a better and increasing manner over time. What’s important is that foreign residential sales are regarded as exports and included in foreign exchange earning activities,” he added.


Turkey has planned to bring the unemployment rate to single-digits and will become the 12th largest economy in the world in terms of purchasing power parity (PPP) in 2019, President Recep Tayyip Erdoğan said on Tuesday during his address at ruling Justice and Development Party’s (AK Party) parliamentary group meeting.

“We both grew the economy and solidified its foundations. There are still some issues caused by the recent fluctuations but nothing too dire. We are planning to achieve a single digit in unemployment rate and we will succeed in this,” Erdoğan said.

The unemployment rate in Turkey stood at 11.4 percent in September, according to the Turkish Statistical Institute (TurkStat).

The president said the Turkish economy survived the economic attacks in August. “We would have found ourselves in other sorts of troubles if we did not brace the attacks in August with such solid foundations,” he said.

Erdoğan said that the government is determined to reduce the inflation rate to the targeted level in 2019. Turkey’s annual inflation was 21.62 percent in November, according to the latest data from TurkStat.

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Mount Nemrut

Nemrut is a 2,134 meter (7,001 ft) high mountain in southeastern Turkey, near the city of Adiyaman. In 62 BC, King Antiochus I Theos of Commagene built a tomb-sanctuary flanked by huge statues of himself, two lions, two eagles and various Greek, and Persian gods on the mountain top. Since their construction, the heads have toppled from the bodies and lay scattered throughout the site. The summit of Mount Nemrut provides a great view of the surrounding mountains. The main attraction is to watch the sunrise from the eastern terrace which give the bodyless heads a beautiful orange hue and adds to the sense of mystery of the place.

Nemrut dagi heads.

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Pamukkale, meaning “cotton castle” in Turkish, is an unreal landscape in western Turkey, famous for its white terraces. The terraces are made of travertine, a sedimentary rock deposited by water with a very high mineral content from the hot springs. People have bathed in its pools for thousands of years. The ancient Greek city of Hierapolis was built on top of the hot springs by the kings of Pergamon. The ruins of the baths, temples and other Greek monuments can be seen at the site.

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The British Museum

The British Museum has three acres of art including Greek, Egyptian, Chinese, Japanese, Islamic, Indian, Old Master Drawings, European Decorative Arts, Romanesque Sculpture and illuminated manuscripts. The most famous pieces of the collection includes the Elgin Marbles, the Rosetta stone, and the Lindisfarne Gospels. To avoid death by museum, hit the highlights and then focus on an area of interest such as Greek. Go to the back door on Montague Street and look for the Lions on either side of the door. It’s much less crowded. You may book this tour in to have a private tour guide that will make the visit educational.


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Bodrum Castle

Located in the city of Bodrum in southwest Turkey, Bodrum Castle was built by the Crusaders in the 15th century as the Castle of St. Peter. It is one of the world’s best-preserved monuments dating back to medieval times. The castle now operates as a museum, with the focus on the Museum of Underwater Archaeology. It overlooks the internal marina of Bodrum filled with millions of dollars worth of sailing crafts.

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Mersin is a province and also a seaport city in Turkey best known for its economical, geographical and cultural region located on the southern side of the Mediterranean coast. The city fully consists of jaw-dropping historical sites which makes it one of the best tourist destination in Turkey. Mersin name was basically given to this province after the scented plant named as Myrsine. There are many famous sites in Mersin including heritage culture of Tarsus which is six thousand years old, 25 km from Mersin. It is also renowned because of Saint Paulus, the first follower of the Christ, who was born in Tarsus. This place is an unbelievable enriching melting pot.

1) Mersin Atatürk House Museum

The building is located in the central point of the city. It was constructed as a residence for German counselor Herr Christman, for his wedding in 1897 with a lady of the Mavromatis ancestors from Mersin. The house is built in a 1270 square meters area. After 1976, the building was kept empty and with a verdict taken by the municipality committee, it was later renamed as the “Atatürk House and Museum” on 12th of October 1992. Many documents and photographs are displayed on the ground floor of the Mersin Ataturk House and Museum. About 22 pieces of his individual belongings taken in from Anitkabir Museum of Ankara are also displayed on this floor. On the upper floor, the ethnographic articles are exhibited, there are two bedrooms; one is the study room and the other for sitting that opens to a big living room.

2)Mamure Castle

Manure Castle is a historical landmark and something really worth seeing in Mersin. Mamure Castle is situated 6 km southeast of Anamur, usually known as Mamure Kalesi. The castle has dodge walls constructed in such a way to irritate attackers from sea and ground as it is also bordered by defense trenches on its three sides. The castle is bounded by the land side and the road on the fortification attaches the 39 towers and a lot of parapets to each other. There are three major yards inside the castle, south, west and the east, which are alienated from one another by high walls. On the south side, there is an internal bastion constructed over the rocks. While on the west, there is an outer castle, a small intricate of a single minaret mosque, the remains of hamam, a fountain, storehouse, and cisterns. On the east side, there is an inner patio which has 7 mainstays in diverse shapes on the high wall comprising its northwest boundary.

3) Caves of Heaven and Hell

Caves of heaven and hell are located 1.4 km on the northwest of Narlikuyu in Turkey. This site is an attraction for a lot of tourists with natural phenomena and also as a historical spot of curiosity. There is a large hole on the ground known as the “Corycian Caves” in which there are ancient eras of Greek myths, according to which it was the home of the Monster Typhoon, a 100m ahead from the heaven. The walls are too vertical which is pretty hard to access, so you can’t go down into it (in other meanings, you can’t go to hell). During the past, they used to throw criminals and sinners in the cave as a punishment. At the entry of the cave, there is a church which is named after a virtuous man Paulus, which is considered to be the way to heaven.

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The Shard

The View from The Shard is the premium visitor attraction at the top of Western Europe’s tallest building, and London’s newest landmark, The Shard.

Designed by Master Architect Renzo Piano, the Shard redefines London’s skyline and has become a dynamic symbol of London. At a height of up to 800ft or 244m, The View from The Shard offers spectacular views over London, enabling visitors to see as far as 40 miles away. Twice as high as any other vantage point in the city, it is the only place where visitors can see the entire city at once.


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Hyde Park In London

London’s Hyde Park, check our near property, is one of the greatest city parks in the world. Covering 142 hectares (350 acres) and with over 4,000 trees, a large lake, a meadow, and ornamental flower gardens, there’s a good chance you’ll forget you are right in the center of London.

Hyde Park in London has something for everyone. You can enjoy swimming, boating, cycling, and skating. There are pitches for team games, tennis courts, tracks for horse riding and a spectacular children’s playground.

The Park has two lakeside restaurants which are licensed and serve everything from a three-course meal to a quick cup of coffee. Hyde Park is home to a number of fascinating buildings and monuments, such as The Serpentine Bridge, the Joy of Life fountain and the famous Archiles statue. And with the Diana Memorial Fountain and open-air events throughout the year, there’s always something to see and do. If you’re out and about on Sunday, head to Speaker’s Corner to hear London’s most vocal orators share their opinions with the world.


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