Housing prices in summer regions increased by 100 percent in 3 years. The biggest price increase was in Kaş, Alanya, Kemer, Kuşadası and Bodrum. In the second hand market, the price of square meters in Alanya starts from 3 thousand, 3 thousand 500 in Kemer, 4 thousand 500 in Kuşadası, 6 thousand in Kaş and 8 thousand in Bodrum. In branded housing projects, the price of square meters goes up to 65 thousand TL.
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Vedat Aşçı stated, that they would carry out a common project on a property of 2 Million square meters in Bodrum, Tuzla bought together with Ferit Şahenk, CEO of the Doğuş Group. This project, serving the golf tourism, will also contain a golf academy.
Astaş Holding completed its Villa, Flat and Hotel Project in Bodrum with the Mandarin Oriental Hotel Group. Created on a property of 600.000 square meters, the villa rates reached 6.000.000.- Euro. Well known names like Ferit Şahenk, Suzan Sabancı, Acun Ilıcalı and Cem Yılmaz became neighbors.
Turkey has reduced required limits for foreigners to acquire Turkish citizenship to encourage investment, according to new regulations published in the country’s Official Gazette on Wednesday.