News and articles
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The results of Capital's traditional annual survey of the 30 most influential Turkish companies, which has been conducted for 16 years, have been published. The study covers the turnover and profitability of companies. It also determines companies' economic and social influence, reputation and the strongest business points. The report mentioned the...
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Foreigners are increasingly buying real estate in Turkey to get Turkish citizenship by property investment. In the last quarter in 2020, about 36 percent of foreign investments were made to get "golden passports". This has been said by the construction and real estate newspaper in Turkey Emlak Kulisi with reference to the real estate appraisal and...
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In the third quarter of 2020, 536,509 apartments and houses were sold in Turkey. Secondary property sales accounted to 375,073 units while new properties reached the level of 242,316 units. Compared to last year's stats for the same period, residential property sales in Turkey have increased by 49 percent. As for mortgage home sales, they increased...
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In the third quarter of 2020, Turkish secondary home sales rose by 64 percent. This data was published in a joint report on the secondary property market made by the Internet real estate appraisal platform Endeksacom and the Turkish Real Estate Consultants Association (TÜGEM). According to the report for the third quarter of 2020, secondary home...
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The most popular cities among foreign property investors in Turkey in 2020 include Istanbul, Antalya, Ankara, Bursa, Mersin, Yalova, Sakarya, Izmir, Samsun and Aydin. The Turks topped the list of the most active buyers this year (thanks to the mortgage campaign), followed by nationals of Iran, Iraq, Russia, Kuwait, Kazakhstan, England, Azerbaijan,...
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Due to the coronavirus pandemic and related economic problems, many tenants in Turkey have stopped paying their rent on time. What about the owners of the rented housing in such cases? Takvim Gazetesi has published instructions on this matter. The relationship between the owner of real estate in Turkey and their tenant is regulated by Article 299...
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Despite the consequences of the coronavirus pandemic, sales of residential real estate in Turkey to foreigners have increased, says the Emlak Kulisi newspaper. So in September, foreigners from different countries bought 5,269 apartments and houses in Turkey (26 percent more than in September 2019). In nine months of 2020, foreigners bought 26,165...
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Turkey's budget proposal for 2021 includes an estimated income from a new tax on luxury housing of 350 million TL. Starting from the new year, real estate objects in Turkey that cost at least 5,000,000 TL (€566,000) will be taxed. And the more expensive the property is, the higher the amount of annual tax the owner of valuable real estate will...
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In Turkey, land plots and detached houses in the secluded areas continue to rise in price. How long will the rise in price last? Is it profitable to invest in real estate in Turkey right now or is it worth waiting for a price rollback? What about apartment prices? Check out these and other forecasts and the top news of the week on Turk.Estate...
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In Bursa, the fourth largest Turkish city, the restoration of the Demirtaspasa quarter (Bursa Demirtaşpaşa Konakları), which is also known an open-air museum, is being completed. The old quarter consists of three historical properties in Turkey - mansions belonging to the architectural heritage of Bursa. The mansions are adjacent to the ancient...
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