News and articles
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2023 has come to an end. Let's look at the accumulated overseas housing sales statistics in Turkey. Contenu: 2023: important changes Nationalities of buyers and TOP 3 leading provinces The intermediate conclusions: The 10 provinces most popular with foreigners To be continued 2023: important changes An unexpected and, unfortunately,...
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Recent reports from Turkish media highlight the authorities’ success in curbing the steep frantic rise in rental prices recorded over the past 18 months, especially since the onset of the armed confrontation between Russia and Ukraine. Furthermore, rental rates have slightly decreased in some areas of the country. We will explain why this news...
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Content: Top and bottom locations Mortgage transactions: 5,245 Other transactions: 88,269 Primary property sales: 30,472 Secondary property sales: 63,042 Sales to foreigners: 2,342 Top and bottom locations According to the Turkish Statistical Institute (TÜİK), residential sales across Turkey dropped 20.6% in November year-over-year,...
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We're sharing figures and trends in the residential real estate in Turkey for the first 10 months of 2023. In October 2023, housing sales fell by 9% both monthly and annually (over 12 months); the pace of price increases slowed down. However, the annual dynamics showed a +103% increase, with +5% in October alone. In the month, 93,761 properties...
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We continue to explain the nuances of buying property in North Cyprus, which remains an unrecognized republic and is causing concern among potential buyers. For the beginning, Northern Cyprus: growing popularity, questions and answers. Here is a new series of "Questions and Answers" from the most frequently asked questions to the editorial...
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Demand for property in Northern Cyprus (Turkish Republic of Northern Cyprus, or TRNC) from foreign investors is continuously increasing. Content: A brief look at statistics Interesting facts FAQ "Is it worth buying property on the first line?" "If I buy a flat in Northern Cyprus, will it be comfortable to live there? And are the flats...
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Analysts began summarising the first three quarters of 2023 in October. Here are the key statistics. CONTENT: Overall figures In the provinces: unexpected leaders Here are the detailed results for the top 30 provinces in september 2023 Brief summary Land purchase What's the situation with rental prices? Renting in istanbul: focusing on...
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Continuing our series on the specific aspects of life in the context of buying property in the Turkish Republic of Northern Cyprus (TRNC). What's important to know for those looking to acquire property in the TRNC? Here's a brief overview of some key points not covered in previous articles. Content: The less obvious benefits of life in...
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CONTENT: Leading and lagging cities Mortgage transactions: 5,577 Other transaction categories: 88,184 Primary housing sales: 29,230 Secondary housing sales: 64,531 Sales to foreigners: 2,535 LEADING AND LAGGING CITIES According to official data published by the Turkish Statistical Institute (TÜİK), the number of residential units sold...
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Residents in Turkey are facing a challenging autumn with updates in regulations and laws. However, it's common for legislation to be regularly updated in most countries. Being well-informed in advance can help minimise both time and financial costs. Content: Residence permit by property ownership (TAPU): rumours and reality Mobile phone...
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