News and articles
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Real estate sales in Turkey in the first half of 2020 amounted to 1,058,448 housing units, despite the coronavirus pandemic and related restrictions. These figures have been published by the Anadolu news agency. Most of the apartments were sold during this period in Istanbul (150,699 objects), the second place was taken by Ankara (93,511 objects),...
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Over the past five years, 148,996 houses have been sold to foreigners in Turkey. Turkish specialized media published statistics on the interest of foreigners in Turkey's real estate: citizens of 145 countries have bought 148,996 apartments and houses over the past five years. The largest number of buyers turned out to be residents of Iraq....
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Turkey is experiencing a dynamic rise in prices for secondary housing. How have prices changed in 2020? In which cities and provinces is the secondary housing sold most often? How much does a square meter cost in different cities in Turkey? By the end of 2020, Turkey will be able to claim the European leadership in the number of real estate...
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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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