Living in Istanbul
An increasing number of people from various parts of the world are moving to Turkey to start a new life, to work or even to find peace of mind for their retirements.
The country has developed dramatically in the last ten years and the pace of progress in certain fields is nothing short of astonishing. Most of Turkey’s new residents hail from countries like the UK, Germany, Russia, France, Belgium, Ukraine, Saudi Arabia, UAE, Lebanon and Qatar. With its unique geographical location combined with a rich and diverse history, right in the cradle of many different civilizations, Turkey is a privileged place to live for expatriates and their families.
From flats in urban centers to villas in suburbs, there are a multitude of options to choose from when looking for housing in Turkey. Major metropolitan areas have the most modern and complete environment for an extravagant life in the city, where luxurious residence complexes offer all the daily amenities such as private security, kindergartens, sports complexes, social facilities, parking lots and shopping malls for their residents.
The introduction of the Mortgage Law in 2007 enabled even easier financing and took the Turkish realty sector to new levels.
Turkey’s significance on the world finance stage is on the rise. The financial capital of the country, Istanbul, with its rich and vibrant economy, is now slated to become a World Finance Center. The country’s banking industry demonstrated remarkable resilience to the effects of the global financial crisis without any government backing, and Turkish banks are now regarded as the soundest in Europe. With service quality matching and exceeding international standards, Turkish banks are widely acclaimed as being fast integrator’s of technology into their services. Many foreign banks either operate directly in the country or entered the market via mergers and share acquisitions, providing services in all aspects of banking to individuals and investors alike.
A wide range of insurance services and products are available for both individuals and corporations with very competitive premium rates.
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