News and articles
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Although real estate sales to foreigners in May decreased by 46.9% compared to the same month last year (3,167 units), it is still significantly more than in April, when 2,557 transactions were recorded. Here we can talk about the beginning of the implementation of deferred demand, which analysts mentioned a little earlier: foreign investors, like...
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Rent increases for housing are still on the agenda. And one of the recently announced solutions to this problem may be a bill that is currently under consideration in the Ministry of Justice: "The Law on Rent". Firstly, as already reported, it is planned to extend for another year the validity of the decree limiting the growth rate of rent...
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The details of a particularly large project from KIPTAŞ - Beşiktaş Karanfilköy, implemented in Istanbul, have become clear. The complex for 1,361 residences is being built in one of the most popular areas of the largest Turkish metropolis: in Besiktas, or rather, in Akata (Rumelikhisary district). The volume of investments is more...
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Judging by the recently published report on residential real estate sales for May 2023, the "subsidence" in the volume of transactions observed in recent months has noticeably declined. Despite the fact that during the period January-May, the number of home sales in Turkey decreased by an average of 16%, compared to May of this year with May of...
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The ability to purchase a property in installments is among the most significant advantages available to foreign investors who want to own real estate in Turkey. Turkish and foreign buyers are treated equally by the nation's government, which prevents discrimination. It is true that you can obtain a mortgage to purchase apartments in Turkey, but...
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The first area in Turkey, consisting entirely of bungalows, is waiting for buyers who want to settle in the vicinity of Istanbul. The name was chosen appropriately - "Green Quarter" (Yeşil Mahalle); in this mega-complex there are 168 bungalows with an area of 59-89 square meters at once. The place for the "Green Quarter" was chosen near...
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The housing stock of Izmir Province will be replenished by another new complex from the TOKI Mass Housing Construction Department. It will appear in Aliaga, and 614 new residences are planned in the complex at once. It also implies the construction of 32 commercial premises, according to preliminary plans, these will be shops and trade...
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Banking structures continue to actively "dump" the confiscated residential real estate they received from the balance sheet. Halkbank announced another promotion, this time under the motto "a little more expensive than for nothing". Which is quite true: the residences previously selected from defaulters, formally classified as...
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The new "life hack" was invented by homeowners who do not want to lose money on long-term contracts and are striving to change the tenant to a new one with a higher rent as soon as possible. Recall that current tenants are currently prohibited from raising their rent by more than 25% per year, and it is also prohibited to evict them...
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We present a traditional cross-section of the most widely read news in the field of construction, housing, buying and renting over the past week. Turkey is still "ahead of the whole planet": according to the updated rating, it leads among 58 countries in terms of housing price growth. Turkish contractors are also setting records;...
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