Opposition Leader: We will prevent foreigners from buying real estate

With the new shifts in Turkey's economic policy, American investor and economic expert Jim Rogers indicated that Turkey has become an attractive point for foreign investments. These investments are not limited to commercial and industrial sectors but also extend to the real estate market, where improved investment climate enhances the attractiveness of real estate assets in the country.

The Eleventh Administrative Court in Istanbul issued a decision to cancel the Yeni Şehir project, which is a part of the extensive Istanbul Canal Project. This decision came in response to an objection filed by the Istanbul Metropolitan Municipality, pointing out that the project did not meet the required standards and specifications.

Economic experts point to a significant improvement in the net reserves of the Central Bank of Turkey, excluding swaps, noting the shift from negative to positive. President Recep Tayyip Erdoğan confirmed an increase of $44 billion in the bank's foreign exchange reserves over the past year, bringing the total to over $142 billion.