News and articles
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The average price per housing unit in Istanbul has exceeded 4 million TL, analysts say. According to Endeksa statistics, the annual increase in the cost of housing was 73% at the end of December in Istanbul. The average price per 1 sq. m in the largest metropolis of Turkey is 36,262 TL, and the average cost of one residential lot is 4,170,130 TL...
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Although the number of housing transactions decreased both seasonally and in light of economic conditions in December 2023, sales this winter are lower than last year — 42,338 out of the 138,577 residential real estate units sold in the last month of last year were in the three largest metropolitan areas: Istanbul — 23,714 units, Ankara — 11,458...
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The Republic of Turkey implements innovative solutions for the transport sector not only in the country or its region, but also around the world. For example, a tram line was tested, which was laid directly to the city hospital in Kocaeli (near Istanbul). This solution is made to facilitate the transportation of both patients and visitors, which is...
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Minister of Environment, Urbanization and Climate Change Mehmet Özhaseki shared with media representatives information from the TÜIK Statistical Institute and the Land Registry that citizens of other countries had purchased 17,076 land plots in Turkey with a total area of 28,318 sq. m by November 14, 2023. Moreover, this is not only land for...
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The Turk.Estate portal invites you to familiarize yourself with the weekly digest of the latest real estate news on the Turkish market. The authorities continue to make considerable efforts to normalize the rental market. Two million apartments will be checked to ensure that they are properly rented to tenants and all the rules are followed....
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Rent controls initiated by the Ministry of Commerce to prevent manipulation of the real estate market and restrictions on so-called "tourist rentals" (short-term rental housing) have had their effect. According to Tolga İdikat, CEO of Emlakjet, homeowners who raised prices began to reduce them after inspections and fines. As a result, the monthly...
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From the perspective of real estate sales, the market in Northern Cyprus is experiencing rapid growth. While many potential investors only began to take notice in 2021, by 2022, it had become a significant breakthrough. Specifically, in the first half of 2022, the volume of real estate transactions surged by 200% (compared to the same period the...
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Antalya's foreign population, which has increased dramatically since the beginning of the conflict between Russia and Ukraine, has declined in recent months. This is due to tougher conditions for issuing a residence permit for renting and a sharp increase in prices for housing for sale. The outflow was significant — someone returned to their...
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The Office of Mass Housing Construction (TOKI) with the support of the Ministry of Environment, Urbanization and Climate Change, officially announced the launch of its two new projects in the Turkish capital, Ankara. Tenders to find a contractor for these projects will be held in February and March 2024. One new residential complex from TOKI will...
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Modda Port is a new boutique project for sale in Izmir and belongs to the elite A+ category. Moreover, the choice of available apartments is not so great, as there is a special offer with payment benefits until the end of February. You have a chance to become the owner of a residence with a 50% down payment. Modda Port overlooks the bay, and all...
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