News and articles
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According to the relevant media, contractors from Turkey completed work abroad totaling $4.3 billion in the first quarter of 2024 alone. Moreover, according to official statistics from the Ministry of Commerce, the total value of projects implemented by Turkish firms abroad has risen to $31.1 billion per year. For example, despite the fact that...
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Victims of the earthquake with an epicentre in Kahramanmaraş on February 6, 2023 receive housing. Residents of Gaziantep, one of the provinces closest to Kahramanmarash, one of the most affected, will move to new village houses. Some buildings in rural areas of the Nurdağı district were put into operation and transferred to the homeless. Yakup...
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The Wyndham Hotels&Resorts international hotel chain has announced that it is going to expand in the Turkish market bringing the number of hotels under their own brands to 150 by the end of 2025. So, in addition to 111 hotels, another 39 are expected to open in the country. The portfolio of Wyndham Hotels& Resorts includes 9,200 hotels in...
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The famous shopping center — Taurus AVM — located in one of the central districts of the Turkish capital, Çankaya — is one of the most popular in Ankara. So, the news agenda was shaken by the information that it is being put up for sale for TL 2.482 billion. The auction will take place on May 29, 2024, and the mall will go under the hammer for...
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Analysts have named the province in the Marmara Sea region with the largest housing stock for sale. This is Kocaeli: 26,974 residential units — apartments and houses — are waiting for new owners here. The total number of lots for sale in March 2024 increased by 3% compared to February — by 983,520 units. Overall, the Marmara Sea region and...
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The media announced the number of hotels in Turkey in this new tourist season. As of the end of January 2024, the number of hotels certified by the Ministry of Culture and Tourism of the country has exceeded 21,000, and the number of places will soon exceed 1.8 million. This is 1,790,976 residential lots, excluding rooms in guest houses and villas...
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TurkEstate went into detail about the preferences of overseas investors over the past three years, from 2021 to 2023. However, we’ll focus on other aspects such as statistics on "citizenship by investment", prospects (and figures) for investments in land plots and interest in Northern Cyprus, an up-and-coming location that currently lacks the...
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Some properties in Alanya (Antalya) will be powered by natural gas through a gas pipeline. It is expected that the new mayor in Alanya who has been elected recently will help speed up the projects in the city. The project has until recently been overseen by former mayor Adem Murat Yücel, who announced that an important stage of laying a gas...
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Spring is approaching its midpoint, and we are talking about the current trends in the real estate sector for the first quarter of the year. Winter market stagnation and recent elections have slowed down sales. The implementation time has also increased averaging 68 days nationwide and 74 days in Istanbul. The volume of mortgage transactions...
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Istanbul leads Turkey in property sales volume and is among the top three investment destinations for foreign buyers. Prices in the metropolis keep rising, and demand from tourists, businesspeople and project workers runs all year round. One characteristic of sought-after housing is good transport access. The road network of Turkey’s largest city...
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