News and articles
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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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New large residential projects continue to appear in Istanbul as part of the urban transformation programme, thanks to which, as the authorities assure, there will not be a single apartment in poor condition in the metropolis. One of these is Nevadium Istanbul of 1,100 residences. It will be a branded residential complex by Neva Prestij Yapı. It...
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A new multifunctional complex, including 167 residences, 94 offices and 88 shops, will appear in Konya. The developer is Ahlatçı Otomotiv Inşaat. The complex will be built in Selçuklu. It will consist of four queues-blocks. The land area is 25,300 square metres. The total building area, including blocks A, B, C, D, will be 122,699 square metres...
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Ekrem İmamoğlu, Istanbul Mayor, announced on his official social media account the start of "testing" (test drives) of the important Ümraniye-Ataşehir-Göztepe metro line for the city. As you know, this is a transport long-term construction. The line was suspended in 2017, and it began to be implemented. By the way, thanks to the development of...
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