News and articles
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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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"There will not be a single earthquake unsafe residence in the metropolis," local authorities assure. The country is changing, and half of 650,000 off-plan housing units, which will be provided to those living in dilapidated buildings belong to the municipality. The candidate for the future mayor of Istanbul, Murat Kurum, visited the demolition...
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A new residential complex for 3,000 apartments from a turkish developer to appear in northern Cyprus
Fenercioğlu Gayrimenkul Company (Fenercioğlu A.Ş) has started the construction of a huge project for 3,000 apartments in Northern Cyprus (TRNC). This large residential complex will be called Costal Heaven. It will be located in Gaziveren, a new area of Cyprus for residential development. In addition, it will be especially attractive for tourists...
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Have you ever wondered what the blue flag proudly flying on Turkey's beaches means? It's most commonly seen along the Antalya coastline. Notably, a significant number of Blue Flag beaches are scattered across Muğla, İzmir, Aydın, Samsun and Mersin. With over 500 locations in the country holding this prestigious status, including Mermerli in...
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