News and articles
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The total cost of projects implemented by Turkish construction companies abroad in the first half of this year, made up by the contracting sector abroad in the first half of the year, amounted to $7.5 billion. Recall that for the first 5 months this amount was equal to $6.5 billion. According to reports received from the Ministry of...
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Analysts have summed up the results of Q1 2023. Despite recent statements, which the rise in housing prices slowed markedly, the statistics for January–March indicate the opposite. Real estate in Turkey continues to rise in price relatively rapidly. The volume of housing sales in the Republic of Turkey rose by 32% in March compared to February...
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On the territory of Izmir province, the project "Dream Urla" (Hayal Urla) consisting of villas will be commissioned this year. Recall that Urla is a popular coastal area in the Izmir province. The project is good because despite the fact that the villas here are part of a hotel project (management and maintenance are carried out...
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In June 2023, more than 208,000 contracts for the purchase and sale of real estate (not only residential) were signed in Turkey. The total amount of transactions amounted to almost 3.67 billion Turkish liras (TL). 80,504 are residential real estate, 37,619 are land plots, 66,057 are fields, 8572 are jobs. The remaining transactions fell on...
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The real estate purchase and sale segment has entered a "new era". Now the conclusion of transactions has been entrusted to notaries, in order to speed up transactions if necessary. After all, notaries work both on Saturday and Sunday. It is very convenient when the buyer is in a hurry to sign and certify all documents. This happens quite often...
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Those who decide to build housing on their own, on their own site, in the area of the recent earthquake, will be able to count on a serious "shoulder" from the state. This was told by the Minister of Environment, Urbanization and Climate Change Mehmet Ozhaseki. The new campaign was created specifically for residents of the affected regions who want...
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For obvious reasons, January–March 2023 was challenging for the Turkish real estate market. It faced unexpected and very large-scale internal migration caused by the earthquake. Therefore, the rental stock was reduced, rental rates increased, and investors reconsidered their real estate purchase priorities. Moreover, authorities and developers...
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Rates for renting housing in the largest Turkish metropolis have increased by 707% in just four years. Deputies are puzzling over how to solve the urgent housing issue. One of the key reasons for the current crisis situation in the rental housing market, in addition to inflation, is a clear preponderance of demand over supply. The owners...
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A giant project from Sinpaş GYO will decorate the Istanbul district of Küçükçekmece. The project was named Saklı Koru. There are 600 residential residences and 15 commercial premises, as well as an indoor swimming pool and a parking lot. It is reported that the amount of investment in the project will amount to more than half a billion Turkish lira...
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After the rent increase limit for the next year (25%) was extended for another year. Until the summer of 2024, it was decided to determine the limit for raising the aidat. A little earlier, in order to prevent disputes between tenants and owners, the maximum threshold for increasing the rental rate was extended by 12 months, according to a...
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