News and articles
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In three summer months, land prices in Turkey have increased by 35 percent compared to the same period in 2019. Over the summer 2020, all land plots were sold in Turkey for 89 billion TL and the demand for plots remains considerably high. These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. The largest...
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Wealthy Russians choose the Turkish resort of Bodrum as a good alternative to Europe. It has been reported by the Yeni Asir newspaper. So Russian oligarch Andrei Skoch has been using Bodrum as a seaside holiday spot throughout the autumn 2020. On his own hundred-meter yacht worth 150 million dollars, the millionaire has already visited all the bays...
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The Turkish Statistical Institute (TÜIK) has published the results of research on income and living standards of Turkish nationals. According to the report, the proportion of people with their own housing is 58.8 percent in Turkey. Another 25.6 percent of residents live in a rented apartment and pay rent. The main problems of property owners and...
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The cost of a square meter of housing on the coasts of the Mediterranean and Aegean Seas has exceeded the prices in Istanbul. These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. The demand for properties in seaside cities began to grow during the coronavirus pandemic, followed by demand soared in property...
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According to information published by the Turkish Statistics Institute (TÜIK), from September 2015 to August 2020, almost 155 thousand residential properties were sold to foreigners in Turkey. 39.8 percent of them are apartments in Istanbul (61,734 objects). In the first eight months of 2020 alone, foreigners bought 9,596 residential properties in...
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There has been observed a rise in prices for residential real estate in Istanbul. Houses with a garden and large balconies located in the coastal areas of the capital have significantly risen in price. Demand for spacious homes further from the city center is also continuing to grow. The following districts have become the most popular among buyers...
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Over the past five years, 6, 944,616 residential real estate objects have been sold in Turkey, of which 154,871 objects were purchased by foreign buyers. These figures have been given by the Emlak Kulisi newspaper with reference to the Turkish Statistics Institute (TÜIK). According to the published stats, all property transactions in Turkey from...
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Which apartments in Turkey are more profitable to buy today, new or secondary ones? As the stats for the first eight months of 2020 shows, resale options are much more popular among buyers of Turkish real estate: secondary property sales increased by 63.3 percent, and their prices - by 15-30 percent. The estate experts explain why this is happening...
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The owners of Turkish housing, who find defects in the purchased apartments, can sue construction contractors and force them to make repairs or pay for repairs. This information was published today by the construction and real estate newspaper in Turkey Emlak Kulisi. After a residential complex is completed, the owners of new housing may find...
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Despite record low interest rates on mortgages provided by banks for the purchase of new apartments in Turkey, from January to August 2020, new home sales grew by only 11.2 percent compared to the same period last year. Sales of secondary housing, for which mortgage rates have been higher in 2020, increased by 63.3 percent. In August 2020, sales of...
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