News and articles
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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 580 beaches in the country holding this prestigious status, including Mermerli in Antalya,...
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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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