News and articles
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A selection of the most relevant real estate market news in Turkey is in our weekly digest. Experts advise not to delay the purchase of housing: the average cost of 1 sq. m has exceeded $1,000 in the country. Locals are increasingly buying land plots to build more budget houses instead of buying expensive residences. The cost of land is steadily...
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Specialists have conducted a detailed analysis of transactions concluded last year by foreigners regarding residential property in Turkey, comparing the indicators with previous years. Therefore, today, we’ll delve into who is buying what and for how much, as focusing on demand trends facilitates the determination of preferences. At least, the...
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Content: Leading and underperforming cities Mortgage transactions: 8,827 Other transaction categories: 85,075 Primary housing sales: 28,594 Secondary housing sales: 65,308 Sales to foreigners: 1,846 Leading and underperforming cities According to data announced by the Turkish Statistical Institute (TÜİK), housing sales in February...
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The prices of residential property in Turkey continue to rise. As a result, fewer and fewer people can afford to buy flats in general, let alone make spontaneous purchases. Consequently, the percentage of the population living in their own residences is decreasing, while the need for renting, among the most diverse categories of residents...
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Mersin has been a rising star in Turkey’s property market for a number of years, rapidly becoming not only an enriched resort town with a large-scale infrastructure but also a great place to live, thanks to the development of transport networks and social services. It is well suited for comfortable living all year round. And in light of the latest...
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According to our tradition, we publish every Friday the latest news about real estate, construction and transport infrastructure in Turkey over the past week. Last year's economic difficulties continue to affect the entire sector. For example, the number of building permits issued has tripled compared to the annual average several years ago...
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At the top of the most demanded provinces in terms of buying real estate in Turkey, there are two megacities that can be considered the "capitals" of the country: the resort and the official. That is, Antalya and Ankara: the first is the Mecca of foreign investors, the second is gaining popularity as the most stable territory in terms of...
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Mansur Yavaş, the mayor of the metropolitan municipality, pleased the residents of the capital with good news: the authorities have launched a new round of investments in the development of the metro in Ankara. The city will expand the M2 line with a length of 9.36 km, consisting of 5 stations (Koru-Yaşamkent and Koru-Bağlıca), and the M4 line...
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A challenging scenario has emerged in Turkey's rental housing sector in the past few years, especially since the start of the pandemic. Moreover, this applies to the guests: rapidly rising rents and inflation create a lot of problems for them, and the range of apartments and houses for rent in popular cities and districts is decreasing. Property...
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High prices are an obstacle to buying a home in Turkey. So, the share of families with their own houses and apartments is gradually declining. This figure was above 60%, but dropped to 58%. This happened because housing in Turkish lira has risen in price tenfold over the past few years. Meanwhile, the annual demand of Turkish residents for housing...
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