News

The Ayakapi Hammam, built in 1582 for Nurbanu Walide Sultan, wife of Sultan Selim II, is for sale for $ 2 million. The hammam is located in Istanbul's Fatih district, offering a unique view of the Golden Horn. It was built by the famous Ottoman architect Mimar Sinan. 67 years ago, the building became private property, was used for some time as a timber warehouse and gradually fell into disrepair. Historian Mehmet Dilbazi criticized the neglect of this historic building and stressed that the cultural heritage must be protected by concrete steps. Dilbaz said: "If this building is not repaired, in 20-25 years it will collapse and we will not have a chance to restore it."

Information about the program was announced last year. Now everyone can submit a preliminary application and register for the T rkiye Tech Visa program on the website https://www.turkiyetechvisa.gov.tr/en / . On the website, you can apply for one of two types of visas: "start-up" - for those who want to start their own business and "talent" - for talented digital specialists. What does the T rkiye Tech Visa offer? -Work permit for a period of 3 years exclusively for T rkiye Tech Visa-Exemption from income tax and corporate tax-Comprehensive free medical care-Simplified process of obtaining a residence permit for family members of the applicant-Office opportunities in technoparks and incubation centers-Venture investments and project financing support-Mentoring and consulting support It is reported that the full launch of the program will take place within two months.

The Monetary Policy Committee (MPC) has made its second interest rate decision under the leadership of new Chairman Fatih Karakhan. Contrary to market expectations, the Central Bank of Turkey has decided to raise the interest rate by 500 basis points to 50%. Taking into account the deterioration of the inflation forecast, the Committee decided to raise the rate. The tight stance of monetary policy will be maintained until the underlying trend of monthly inflation decreases significantly and for a long time, and inflation expectations come closer to the forecasted range. The Central Bank's management believes that a decisive course of monetary policy will lead to a decrease in the underlying trend of monthly inflation, and disinflation will be established in the second half of 2024 due to rebalancing domestic demand, a real strengthening of the Turkish lira and an improvement in inflation expectations. The Committee plans to bring inflation to the target level of 5% in the medium term.

Due to the increased demand for gold, the Mint in Istanbul switched to working two shifts. Mehmet Hekim, Deputy General Director of the Mint: "We used to work in one shift to meet demand and produce 400 kilograms of gold per day. Now we produce 600 kilograms of gold per day, working in two shifts from morning to 11 p.m. Under normal conditions, we did not deliver on weekends, but now we deliver on Saturdays as well." A similar situation was observed during the pandemic, when the Mint worked in three shifts.

The head of the Turkish Ministry of Culture and Tourism, Mehmet Ersoy, held a number of meetings with representatives of the tourism industry and answered their questions.One of the participants of the meeting asked the minister a question: "Many foreigners used to receive a residence permit and were an important source of winter income for the region. But now, for some reason, it is becoming more difficult to obtain a residence permit and those who cannot obtain a residence permit leave for other countries. Is there any justification for this?" "Those who have 1.5 times the minimum wage in their bank account can still get a tourist residence permit if the relevant institution approves it," Ersoy replied. To which representatives of the tourism sector replied that the new orders of the authorities do not allow foreigners to open accounts in local banks. The minister promised to look into the issue and discuss the problem with related departments: "I will talk to our Interior Minister."

The opening of the Bulgur Palas, a historic palace built in 1912 for Mehmet Habib Bey, who made his fortune selling bulgur, took place in Istanbul. Hence the name of the palace. The Istanbul Municipality bought the palace in 2021, restored it and opened it to the public in 2024. Bulgur Palas has a library with free coffee, a gallery, a coworking, a bookstore, a cafe and a beautiful observation deck. The gallery houses the Magnum Photos exhibition, which features more than 200 photographs from the most famous photographers. Be sure to visit this unique palace - it will definitely not disappoint you! 📍 Bulgur Palas, Aksaray, Kargı Çk. No:510:00-19:00 except Monday600 m from the bus stop "Yusufpaşa" (tram T1)Admission is free

TurkeyWhen buying real estate with a cadastral value of $200,000 or more, the investor has the right to obtain a residence permit for 1-2 years, followed by prolongation in areas open to residence permits. The citizenship program starts with the purchase of a real estate object with a cadastral value of $400,000 Northern CyprusBuying a house for any amount in Northern Cyprus gives the right to obtain a residence permit for a year, followed by the right to extend for the owner and his family members. To apply for a residence permit, the purchase and sale agreement must be registered with the tax service and the land committee. DubaiTo obtain a 2-year investor visa with the right of unlimited extension, you need to purchase real estate in Dubai worth from $205,000. A 10-year "golden visa" can be obtained when buying real estate from $545,000. EcuadorThe investment program implies the issuance of an investor's visa for 2 years when buying real estate with a cadastral value of $45,000. The second option is to make a deposit to the bank for the same amount. After 5 years of residence with a residence permit, you can apply for citizenship. ColombiaYou can get a residence permit in Colombia by investing at least $100,000 in real estate and obtaining an M-type migration visa for 5 years. Having bought a property with a cadastral value of $ 200,000 or more, an investor can apply for a permanent resident visa of type R. You can apply for citizenship after 5 years of legal residence in the country. GeorgiaYou can get a residence permit in Georgia for the purchase of real estate from $ 100,000. In this case, the investor has the right to receive an annual residence permit with the right to extend in the future. You can apply for citizenship after 10 years. The Dominican RepublicA residence permit is issued when buying real estate from $ 200,000, you can get a residence permit for a year. After a year, you can apply for permanent residence.

In accordance with the Law on Environmental Protection, it is prohibited to make noise that exceeds the established standards and violates the physical and mental health of people. The shortest way to deal with noisy neighbors is to contact the police department to file a complaint and impose a fine. If, despite the fines imposed, the noise does not stop, you can apply to the magistrate's court for civil cases. If the problem is not solved, despite all these methods, in accordance with article 25 of the Law on Condominiums, the owners of neighboring apartments can unite and evict a noisy neighbor. Within the framework of the communique that has entered into force, noise fines for objects that create noise and vibration in excess of the established norms are as follows: for residential buildings - 7.667 lirasfor vehicles - 23.155 lirasfor factories, construction sites, entertainment venues - 232.264 liras

According to TURKSTAT, the construction cost index in January 2024 increased by 15.70% compared to the previous month. Over the year, the index showed an increase of 67.87%. Compared to the previous month, the construction materials cost index increased by 5.13%, and the labor force index increased by 41.95%. Over the year, the construction materials cost index increased by 53.29%, and the labor force index increased by 103.46%. The construction cost index is an indicator of the change in the cost of materials and labor used in the construction sector over time. This index is used to track the growth or decrease in the cost of construction and identify economic trends in this sector.

The project of a unique botanical garden and park has been agreed upon, which will be built in Alanya on a plot of 63 hectares in the Buyuhasbahce area. The project includes: a children's documentary exhibition, an exhibition area for insects and butterflies, a nature museum with an unpaved playground and children's creative workshops, a botanical gallery, a bird tower, a sky tower with a viewing platform and a telescope, ponds, children's playgrounds, volleyball and basketball playgrounds, public sports grounds, recreation areas, a skate-a playground for adults and children, a multi-purpose exhibition area, picnic areas, cafes and walking areas. It will be an ideal place where people of all ages can have a good time!

This was announced by Istanbul Mayor Ekrem Imamoglu. The 13 km long line is designed to carry 35,000 passengers per hour in one direction. The travel time is 21.5 minutes. The line, which began construction in 2016, is connected to Marmaray, Metrobus and the M3, M7 and M9 metro lines.

President of the Mediterranean Association of Tourist Hoteliers and Operators (AKTOB) After visiting the ITB Berlin Tourism Exhibition, Caan Cavaloglu said that the 2024 tourist season promises to be successful for Turkey. Travel operators from the UK, Benelux countries (Belgium, the Netherlands, Luxembourg), Scandinavian countries (Norway, Sweden, Denmark, Finland) and Germany report a significant increase in demand for tours to Turkey. "The Berlin ITB Fair is the most important tourism exhibition for mass tourism. German, British and other European operators are present here, which allows us to see how the season will start and how it will develop. I noted that there is a very good flow of bookings to Antalya in particular and to Turkey in general," Kavaloglu commented on the results of the fair. He also expressed confidence that the tourist flow to Antalya this season will exceed 17 million people. "Turkey currently ranks first in sales of tours from the UK, the Benelux countries, Scandinavia and Germany. It makes us feel proud," Cavaloglu added.