News and articles
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We cover a wide range of the hottest topics in the Turkish real estate news for the last week. Land sales in Turkey are at their peak. As for residential real estate, apartments and houses on the Black Sea coast is in high demand. Prices keep going up as well, partly due to the rise in the cost of building materials: concrete alone jumped by 30%....
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Unlike residential real estate, the demand for which decreased in autumn and winter, there is no slowdown in the land sales segment. On the contrary, there is growth. Moreover, many Turks who cannot afford to purchase residences choose a way to buy land plots. As a result, there were record land deals in 2023, and land prices rose by 150% compared...
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Black Sea residential real estate is becoming increasingly popular, especially with customers from the Middle East. Sales in Samsun alone grew by 2% in the first two months of 2024. With increasing demand, prices are also rising: the average cost of a typical residence area of 110 square metres is TL 2.8 million. Returning to Samsung as the most...
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After the autumn-winter slump, the property market in Turkey has begun to pick up momentum once again. There are now more opportunities available for foreigners, who are not affected by changing interest rates like the local population. Moreover, they stand to benefit from inflation, as prices in dollars have slipped slightly in recent months...
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On April 1, 2024, a sad joke awaited the builders: prices for ready-mixed concrete increased by at least 30%. The real estate sector closely monitors the cost of buildings materials. Both concrete and cement are classified as "basic". The price spike is so large that it has attracted the attention of the Ministry of Commerce: despite promises to...
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The state’s target for real estate sales and rentals in 2024 is almost TL 13.2 billion, writes Turkish media. According to the data collected on the draft law on the state budget for 2024 (which is being discussed in parliament), this amount of money is planned to be received into the treasury in two directions — from the sale and lease of real...
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Villa sales in Ballıca Manzara Villaları have started in Pendik district (Istanbul). Two companies are responsible for the construction: Çukurova Gayrimenkul and MSY Yapı. The view villas are located in one of the city’s green areas surrounded by forests on the shore of a lake. They have either four bedrooms and a living room, or six bedrooms and...
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Although residential real estate sales in February 2024 increased slightly compared to previous months, when there was a decrease in the number of transactions, the sale of housing in mortgages fell in 76 provinces out of 81. For example, while the volume of deals in Istanbul grew by 9%, mortgage loans fell by almost half: by 46.9%, from 3,167 to...
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Referring to the data obtained from the latest Toplumun Görünümü 2023 Kent ve Konut raporu report, the media writes that the largest number of tenants in Turkey is concentrated in Istanbul. 37% of the tenants are in this city, where not everyone who wants to live here can afford to buy their own home. As you know, the average cost of a housing...
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The Ministry of Environment, Urbanization and Climate Change has prepared a new Regulation on the principles of design, calculation and construction of wooden buildings. It was published in the Official Gazette, and the new rules on wooden buildings come into effect on January 1, 2025. The main reason is to ensure safety. If the new rules are...
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