News and articles
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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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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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