News and articles
-
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...
Read more -
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...
Read more -
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...
Read more -
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...
Read more -
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...
Read more -
The Ministry of Treasury and Finance has taken measures to control income from rental housing in Turkey. In addition, documents received from tenants and owners during these inspections will be stored electronically in databases. The authorities remind that you can rent out your apartment in Turkey, but you need to declare your income and pay...
Read more -
Fuzul GYO has launched its new project — Fuzul GYO Avcılar — in Ispartakule, Avcılar (Istanbul). It is located on the European side of the metropolis. The hybrid complex will consist of 156,000 sq. m of residential and commercial properties on a plot of 47,000 sq. m. Residential residences will be available in various formats and layouts,...
Read more -
The next "long-term construction" in Istanbul is about to be completed: a new 65-kilometre metro line will open in March 2024. It is about the Çekmeköy-Sancaktepe route, which will also include Sultanbeyli. It is about 90% ready. Trains run automatically on an unfinished route in test drive mode. The first stage of the line will be put into...
Read more -
The Beşiktaş district is a "record holder" in Istanbul in the amount of aidat — a monthly maintenance fee. This is an average of 5,635 TL per month. Şişli, Sarıyer, Zeitinburnu and Bahçelievler entered the TOP 5. When comparing the Turkish provinces, aidat in Mugla is the most expensive: the average amount of this payment increased by 97%, to...
Read more -
The AS Yapı developer has launched an application campaign for the purchase of apartments in the AS Concept residential complex. Accepting applications for those wishing to purchase housing with good conditions will last until March 11, 2024. Interested parties can make an initial payment of only 10% and receive a 5-year installment plan. AS...
Read more