News and articles
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An impressive residential project by TOKİ — TOKİ Istanbul Gaziosmanpaşa — is designed for low-income families. It includes almost 700 apartments: 665. The residential complex is located in one of Istanbul's districts, Gaziosmanpaşa. In addition to the complex, there will be landscaped areas, landscaping and all the necessary social...
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The Ministry of Agriculture and Forestry has delivered positive news to individuals who have inherited land plots but are unwilling, unsure, or unprepared to cultivate them, and do not wish to sell them. This kind of property is allowed to be rented out. Lands, fields and vineyards that were inherited but remained uncultivated for more than two...
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TÜIK reports a significant decrease in the number of licenses to build new buildings: from 1.4 million to 520,000 in a few years. If the number of such permits amounted to 725,294 in 2021, 695,804 in 2022 and only 520,209 in 2023 (by the end of November). The peak figure of 1,405,447 was recorded in 2017 and has been consistent since 2022. The...
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Turkey, with its rich history and culture, attracts tourists from around the world to explore its ancient monuments, resorts and the warm hospitality of its locals. While this is well-documented, what does Turkey offer to a first-time visitor? Someone who ventures daily into the streets of this unfamiliar land to see, taste, learn and experience...
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Here is a selection of the most relevant news of the Turkish real estate market. The most interesting statistics: Foreigners have bought almost 30 million sq. m of land in Turkey; Three key metropolitan areas account for a third of home sales; The cost of housing in the three largest megacities has grown; The cost of construction has risen...
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The Electronic Concrete Monitoring System (EBIS), which was developed to electronically monitor the quality of construction by adding special chips to concrete, has been applied to almost half a million buildings, or in 432,797 buildings in Turkey. The technology for controlling chips is developed by AselsanNET. In 2018, the Ministry of...
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January was not successful in home sales to foreigners: this is the lowest figure in two years. Nevertheless, dozens of countries are still interested in residential properties in Turkey. Here are the 20 states, the citizens of which purchased the most apartments and houses in Turkey in the first month of 2024. In descending order: Russia — 555...
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159 plots of land have been auctioned in the provinces of Biledžik, Şanlıurfa and Ankara. Local municipalities offer them for sale. So, there are about several plots in Biledžik, the price of which ranges from 120,000 to 572,000 TL. Their area is from 277 to 5,250 sq. m. The municipality of Şanlıurfa sells 150 plots for residential development....
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According to the Turkish Institute of Statistics (TÜIK) and Emlakkulisi, the cost of construction continues to rise. Estimates suggest that the construction cost index rose by 1.94% in December 2023 marking a 67.31% increase from December 2022. The so-called Labour Index increased by almost 2% in a month and by 111.62% in a year. The price index...
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Government employees, who have always received salaries above the national average, need subsidies for rental housing. As it turned out, they cannot afford to rent apartments for themselves and their families. Therefore, someone has to give up new positions in expensive areas of the city to rent real estate losing their positions, and lonely...
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