News and articles
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News continues to arrive regarding the support of civil servants, who are also very much affected by the rapid increase in rental rates. The fact is that civil servants are usually not compensated for rent, with some exceptions; they have to rent housing, covering these costs from their own salaries. At the same time, such employees are...
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President of the Association for the Promotion of Foreign Real Estate (GIGDER) Faruk Akbal, assessing the situation with the sale of residential real estate to foreigners after the elections, said that sales have already intensified. GIGDER expects the implementation of "deferred demand" - namely, the receipt of $1.5 billion to Turkey as a result...
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The winners of the Travelers’ Award have become known Choice, among which were hotels in Turkey. Award "Travelers’ Choice: The best of the best" is awarded to accommodation facilities that have received the most flattering reviews over the past year. The rating includes hotels around the world, of which, by the way, there are more than...
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The Minister of Environment, Urbanization and Climate Change Murat Kurum recently made several new statements regarding what specific steps will be taken to reduce rental prices; it is planned to bring rental rates under control. The official recalled that until July 1, 2023, there is a 25% limit on rent increases; this period will be...
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The authorities have decided to provide financial support to civil servants, in the sense of providing them with partial compensation for rent. This has been discussed for a long time; now the criteria for the mentioned support have been announced. The problem of rent has covered the whole country, and civil servants have suffered as well....
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A selection of the most widely read news of the real estate market of the Republic of Turkey is in our weekly digest. The first week after the second round of elections has passed; Recep Tayyip Erdogan retained the post of president. And now the population is waiting for the fulfillment of election promises. In particular, an increase in...
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By the end of 2023, the number of national landscape parks in the country will reach 19, according to Turkish media. Representatives of the Ministry of Agriculture and Forestry of Turkey said that work on the expansion of forest park areas (including for recreation) continues to be in full swing. Because there is a need for them:...
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Rental prices in Turkey do not seem to be going to stop growing, despite the fact that the authorities promised to take this situation under control immediately after the elections. So, the population of the country, which does not have its own housing and meets the needs for it by renting apartments and houses, found itself in a very difficult...
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Real estate in Northern Cyprus (Turkish Republic of Northern Cyprus or TRNC) is a popular investment destination among citizens of Europe. Not least among the factors are low taxes on the purchase and maintenance of property and Northern Cyprus being isolated in the banking sector, which allows not disclosing information about clients’ money...
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Radisson Red, one of several brands of the international hotel company Radisson Hotels, enters the Turkish market with the Radisson Red Hotel Izmir Point Bornova. A hotel will open in Izmir province; now those who wish have the opportunity to invest directly in a hotel room, receiving a share of corporate income from renting rooms in which...
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