News and articles
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The largest Turkish metropolis is the place where the debate about the risk of earthquakes is most intense, especially after the February events. In addition to the already existing nationwide program for the transformation of cities, the issue of not just moving citizens, but also the transfer of a number of buildings from risky areas to safer...
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Northern Cyprus (Turkish Republic of Northern Cyprus, TRNC) is known not only as an attractive destination for tourism or profitable investment in real estate but also as an excellent location for starting your own business. Foreign entrepreneurs, too, can set up their own venture in the TRNC. The rapid economic rise of the TRNC is primarily due...
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One of the Turkish banks, Halkbank, once again provides a chance to acquire their own housing - as well as land or jobs - to those who do not have enough funds to purchase such at full cost. We are talking about the sale of real estate placed at the disposal of the bank for various reasons, but mainly - collateral lots from those people...
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Mamak Municipality (the district of the capital of the Republic of Turkey, Ankara) announced the upcoming sale of almost five dozen apartments in 2+1, 3+1 and 4+1 formats located in the Altynagach quarter. The auction will be held on May 10, 2023 at 10:00 by open bidding. The area of the residences varies from 85 to 155 square meters, the...
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Great news for Russians investing in Turkey for the purpose of living, as well as for those who rent real estate: there is hope that soon the issue of the inability to pay in Turkey with anything other than cash will be resolved. Recall that in the autumn of 2022, the Republic of Turkey stopped accepting Russian MIR cards for payment, which created...
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Consisting of 513 residences at once, a major project from developer Biskon Yapı will "update" Istanbul's Pendik district, Dolayoba quarter. It will be erected on land owned by Iller Bank. A name has already been chosen for the complex - Referans Pendik. The volume of investments will amount to 1,514,741,443 Turkish lira (TL). The area of...
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The official launch of the KIPTAŞ - KIPTAŞ Karanfilköy project has been announced. So, in the very heart of Istanbul, 1361 new residences will appear at once. The project will be implemented in partnership with MESA ASL ADI. The KIPTAŞ Karanfilköy complex will be built in the Besiktas district. The announced amount of investment - 3 168...
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Minister of Environment, Urbanization and Climate Change Murat Kurum revealed details regarding residential residences that will be built as part of the urban transformation program in Istanbul. For example, typical lots of the 2+1 format - with two bedrooms - will have an area of 100 square meters, and 3+1 - 120 square meters. Murat Kurum...
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By tradition, we remind you of some of the most interesting news in the construction and real estate sector of Turkey over the past week - the last one in April. The pace of home sales decreased in March; this is partly due to an increase in the cost of construction. Wage growth does not "keep up" with the rise in real estate prices, so...
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Justice Minister Bekir Bozdag said that the limit on rent increases of 25% will be extended with the prolongation of long-term (one-year) contracts. In addition, the agencies will monitor violators even more closely, who are waiting for sanctions for excessive "appetites" in relation to rent. Recall that the restriction on rent increases...
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