News and articles
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March 2024 was a showcase month for residential property sales in Turkey: the total slump in deals, which began last autumn (winter stagnation and uncertainty in the run-up to the March elections), decreased to a minimum of 0.1% this month compared to March 2023. Although people trust mortgages less and less. Here are the exact numbers for...
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Istanbul’s trading companies, which moved their shops and offices away from the city centre, focused on the central districts.The main reasons are transport and logistical problems and staff difficulties outside the city. As you know, the move was caused by an increase in rental rates and the emergency condition of many buildings in the centre of...
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There will be 1,116 new properties in Gölbaşı (Ankara) in the residential complex, which is called Jewell Premium Incek. The Ünsal Park Yapı developer has started implementing a huge housing construction project, which will consist not only of the already mentioned almost 1,200 apartments, but also 22 commercial zones (shops). Its site covers an...
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"The elections are over — new taxes or their increase are coming," the Turkish media exaggerate the painful topic. Another tax hike is expected in the country: it is inevitable due to inflation. However, there are rumors about a new real estate tax, for example, an increased tax on valuable housing: the authorities plan to collect TL 115 million in...
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Turkish developers have implemented projects worth $4.3 billion outside the country, although the domestic market faces some difficulties. In particular, the requirements for developers will be reviewed. The largest housing stock for sale is located in the Marmara region, but there is a shortage in Northern Cyprus, which is experiencing a surge in...
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Alinur Aktaş, Mayor of Bursa, says: "We are building 16,000 units of new social housing in our city, with affordable prices and convenient payment terms." Therefore, similar to other progressive cities in Turkey, Bursa adheres to sustainable development trends and enforces urban transformation measures. 100,000 residential units will undergo urban...
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The new summer season in Turkey has started. As inflation is strong, hotels and other properties have raised prices. Many people who want to relax cannot afford it, at least for the local population. In addition, many people planned to go on holiday after breaking the fast, which ended in Turkey a week ago. As a result, more and more of the...
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Development market players have sounded the alarm: a number of standards have not been updated for a long time and are very outdated. This does not correspond to the country's approach to urban transformation, sustainable development and safe construction. In particular, if certain conditions are met, a contractor for the construction of small...
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Strategies transforming the market are highlighted in today’s Turk Estate publication. Let's discuss the new housing types gaining popularity in Turkey. These residences prioritise energy and resource efficiency, aid in flat management and feature ergonomic designs. They may be initially cheaper to purchase real estate in Turkey or more expensive,...
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Cyprus, the third-largest island in the Mediterranean region, after Italian Sicily and Sardinia, is increasingly attracting the attention of international property investors. There is a serious demand from Europeans, Balts, Iranians and Russians in the TRNC (Turkish Republic of Northern Cyprus). The number of land plots for development in Northern...
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