News and articles
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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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Content: Top and bottom locations Mortgage transactions: 27,476 Other transactions: 85,800 Primary property sales: 34,413 Secondary property sales: 78,863 Sales to foreigners: 31,677 Top and bottom locations According to the official data provided by TÜİK, in May, the volume of property transactions decreased by 7.7% compared to the...
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Analysts of the Bank for International Settlements (BIS), of which the Central Bank of the Republic of Turkey is a member, have published the most up-to-date rating on the dynamics of housing prices, taking into account the data of 2022. The situation in 58 countries was compared; and Turkey was again "on top", with an annual increase of...
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Mersin province with the "capital" of the same name has been developing especially actively over the past year; in particular, transport links with other provinces are improving. Among other things, the authorities have taken care of improving the supply of gas and water. Developers one by one come out with new projects; Mersin does not ignore TOKI...
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