News and articles
-
According to TurkStat, sales of houses and apartments in Turkey in September increased by 19.9 percent compared to August and decreased by 6.9 percent compared to September 2019 sales. The annual growth in property prices in Turkey recorded at the beginning of October 2020 amounted to 25.8 percent. The average cost of an apartment in Turkey was...
Read more -
Turkey continues to actively provide international construction services even during the coronavirus pandemic. The total volume of international projects of Turkish developers has decreased due to the pandemic. However, the result of ten months of work is the implementation of 158 projects worth $ 9.4 billion. This information was published by the...
Read more -
Residential property sales in Turkey have hit a record high in 2020. The sales rush was fueled by the special mortgage campaign that kicked off in late May. The most popular options among property buyers in Turkey are apartments worth from 400,000 to 800,000 TL (€41,000-82,000), and the most popular floor plans are 2+1 and 3+1. According to...
Read more -
Many property owners in Turkey decide to glass their balconies and terraces. In the coastal regions, where foreigners most often buy housing, a glazed balcony can be used as an additional room in winter and as an open terrace in summer. Can you glaze a balcony in Turkey without notifying the management company and neighbors? The answer is no....
Read more -
Bulent Ersoy, a 69-year-old Turkish transgender singer and a symbol of tolerance for LGBT people in Turkish media, has drawn public attention to the country's most fashionable resort, Bodrum. According to media reports, Bulent Ersoy has bought two luxury villas in Bodrum overlooking the fortress in Mugla, where Turkish top celebrities have already...
Read more -
Houses and apartments in Turkey continue to rise in price. Market experts say that in the coming winter, the traditional winter decrease in home sales is likely not to happen: the demand for real estate in Turkey is growing and development companies are going to announce much fewer new construction projects in the coming months. The reasons for the...
Read more -
Sales of prefabricated houses in Turkey have increased three to four times. This is especially true in the province of Izmir, where an earthquake struck on October 30 and destroyed thousands of properties. Along with the increasing demand for prefabricated housing, the demand for land in Turkey also continues to grow. Small plots of land for...
Read more -
In 59 provinces of Turkey, 263 earthquake risk zones have been identified, where 1.5 million residential buildings will be renovated according to the earthquake safety program over the next five years. This information was published by the construction and real estate newspaper in Turkey Emlak Kulisi with reference to the Ministry of Environment...
Read more -
For the first nine months of 2020, mortgage loans were issued in Turkey for 80 billion TL (about 8 billion euros). 52.5 percent of the total volume of real estate in Turkey purchased on a mortgage fell on four cities: Istanbul, Ankara, Izmir and Bursa. As reported by the Anadolu news agency with reference to the Turkish Banking Regulation and...
Read more -
The Turkish authorities began to think about a safe and sustainable urban development of the country for the next fifty to one hundred years. The Turkish Ministry of Environment and Urban Development has taken up planning that takes into account today's main threats (coronavirus and earthquakes) and implies a massive transition of Turkish cities to...
Read more