News

Have you ever considered that living in an all-inclusive resort could cost less than your current living expenses? Many people might be surprised to find that trading a traditional apartment for an all-inclusive lifestyle could actually save money. Recent calculations by TikTok influencer Ben Keenan suggest a potential financial advantage that deserves attention.

Since January 15, 2022, foreign buyers have faced challenges in obtaining mortgages for real estate in Turkey. In response, many developers have introduced interest-free installment plans that remain active until project completion. Recently, in 2024, some developers extended these installment periods to cover up to 1.5 years after construction finishes. However, this duration may not suffice for all prospective buyers.

In 2022, the global real estate market was valued at approximately $613 trillion, with expectations to grow to $637.80 trillion by 2024, solidifying its status as one of the largest sectors worldwide. Almost everyone has a stake in real estate — whether as tenants, homeowners, or employees in various commercial spaces.

A foreigner can exchange their driver's license for a Turkish one only if they have Turkish citizenship or a residence permit (ikamet). This must be done through the Nüfus Müdürlüğü (Population Directorate). The procedure is carried out in two stages.