News and articles
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The Office of Mass Construction (TOKİ) is launching four new campaigns with the support of the Ministry of Environment, Urbanization and Climate Change. Four residential complexes will be built in Istanbul and Ankara for low-income families. Tenders for all four projects will be held in late February and March 2024. The total number of apartments...
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A brand-new project of 539 residences has been launched in Gaziantep, Şahinbey district. The cost of the project is 438,825,000 TL. The project is called Lalav Antepia Plus named after the Lalav Group developer. This means that it is a branded complex. The area of the construction site is almost 75,000 sq. m. It does not require an environmental...
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The increased demand for office space has led to higher rents. This happened because the supply did not keep up with the increasing demand for office and retail spaces in 2023. According to Emlakkulisi, citing a recent report by Cushman&Wakefield on the real estate market outlook for the second half of 2023, office occupancy in Turkey has...
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The Fuzul GYO developer has signed a contract to implement a project in Firuzköy (Avcılar district, Istanbul). There will be a large residential complex for 1,100 apartments with 50 commercial areas. The total land size is 46,782 sq. m. Fuzul GYO has recently invested heavily in new housing projects. It was reported that a residential complex for...
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The trend in buying real estate in Turkey by the autumn of 2023 steadily shifted from the previously considered most liquid 2+1 format residences to the segment of elite housing, preferably in Istanbul. And in the resort sector, especially vacation homes, coastal areas of Izmir province have been added to the perennial leaders such as Antalya and...
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Analysts revealed the statistics collected on housing loans. Home sales in Turkey continued to decline in the last quarter of 2023 reaching a total of 326,000 units in three months. Compared with 1.5 million housing units in 2020, which are considered to be the "peak" over the past 10 years, this sharp drop is primarily due to difficulties with the...
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A new conceptual project called "the best in the region" will be implemented in Sakarya, which has become a centre of national and international trade due to its strategic location, which is important for Turkish industry. It is about Paye Sakarya, a joint venture between Halk GYO and Haldız İnşaat. It will fully meet the requirements of the...
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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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