News and articles
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Emlak Kulisi, a Turkey's real estate newspaper, listed the key problems the Turkish construction sector is experiencing now. Problem No. 1: industry cutdown In 2019, the construction industry of the Republic experienced a sharp decline (by 8.6 percent) due to the political situation. Construction expenses decreased (by 9.8 percent),...
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Over the past five years (from January 1, 2014 to June 15, 2020), foreigners bought 18,400,000 square meters of land and 149,000 properties in Turkey. These data have been provided by Murat Kurum, Minister of Environment and Urban Planning of Turkey, with reference to the Cadastral Department of the Republic. According to the published statistics,...
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The Turkish Ministry of Environment and Urban Planning released data on home mortgage sales in July 2020. Thanks to the mortgage campaign, the number of mortgage apartments sales increased by 1,000 percent in July compared to July 2019. In July 2020, 141,434 objects were sold using the mortgage in Turkey, while a year ago, 14,348 objects were sold...
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The Turkish housing market continues to be agitated by the mortgage campaign: both new and under construction apartments in Turkey as well as secondary housing are in high demand. Together with the growth in demand, property prices are steadily rising. Experts predict that in 2021 apartments in Turkey will dynamically rise in price, because...
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This forecast has been given by Turkish developers and realtors, expecting that with the opening of a number of international destinations in August 2020, the volume of home sales in Turkey to foreigners will sharply increase. The sellers’ forecast is that sales to residents of other countries will increase from 45,483 objects (last year's result)...
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Home sales to foreigners in Izmir, Turkey's third largest and most popular city, have skyrocketed because of buyers from Iran. According to market experts, many Iranians buy real estate in Turkey in order to get the citizenship of the Republic for the whole family at simplified terms. Buying an apartment in Turkey for 250 thousand dollars,...
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The Turkish media warns holidaymakers that scammers have become more active online attracting people with advertisements for cheap villa rentals in Turkey. It has been reported that the scammers duplicate the websites of well-known Turkish real estate and tourism agencies, copying the corporate identity and logos of companies, post ads in search...
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Every year, the American construction magazine Engineering News Record (ENR) publishes a top list of the 250 largest international development companies in the world. The rating is based on the income of construction companies both at home and abroad. At the end of 2019, 17 Turkish developers entered the top twenty of the list published by ENR!...
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Several popular Turkish hotels will soon be sold at public auction. The reason for the urgent sale at reduced prices is the bankruptcy that was caused by coronavirus. According to Turkish media reports, the following hotels will be sold under the hammer: Martı Myra Hotel (five stars, capacity - 553 rooms, Antalya, Tekirova), starting sale price...
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This forecast was made by Mehmet Kalyondcu, President of GYODER, Turkey's largest investment company. His interview on the future of the construction and housing sector has been published today by the Turkish real estate newspaper Emlak Kulisi. According to the expert, if Turkish banks continue to offer low interest rates to homebuyers, then the...
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