News and articles
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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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The 25% discount campaign started in Turkey just the other day: April 24. The newly provided discount was reported by the Office of Mass Housing Construction (TOKI). Minister of Environment, Urbanization and Climate Change Murat Kurum said that "...it's time for our discount campaign, which we organize together with TOKI twice a year."...
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Real estate in Turkey, including Northern Cyprus, is popular among buyers from around the world. When calculating how much a purchase will cost, people often take into account only the price of a residential property. However, almost every step of acquiring real estate in the Turkish Republic of Northern Cyprus (TRNC) involves certain costs. Here...
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The Mayor of Alanya, Adem Murat Yudzhel, who had previously made a lot of efforts to have medical institutions funded by local philanthropists appear in several districts of Alanya, including Mahmutlar and Tosmur, announced the signing of a protocol for the creation of a new medical center. The head of the city and philanthropist Salih...
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Development costs are growing rapidly, as the Turkish media write. Only in February 2023, the construction cost index increased by 2.08% compared to the previous month; the year-on-year increase was 72.37%. The index of the cost of materials increased by 3.43 compared to the previous month; for the year, the increase is 62.52%. The labor...
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KIPTAŞ, a subsidiary of Istanbul Municipality (IBB), has announced another of its projects as part of the urban transformation program. An application for KIPTAŞ Kaper Sitesi has been submitted to the Ministry of Environment and Urbanization. The volume of investments is estimated at 557,366,173 Turkish liras (TL); the process of assessing...
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Emlak Konut Gayrimenkul Yatırım Ortaklığı (GYO) Trust has published a sales report for the 1st quarter of 2023.The volume of transactions reached 15.265 billion Turkish lira (TL): it was for this amount that real estate of various types was sold in the period from January 1 to March 31, 2023. Namely – 2 272 lots with a total area of...
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Buying real estate in Turkey involves getting a TAPU. Owners of properties in Northern Cyprus should also have it. What is this document? Content: What is a TAPU and what is it for? How do I get a TAPU? Several owners in a TAPU Frequently asked questions foreigners have about a TAPU Residential properties on sale in Northern Cyprus What...
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The statistics collected at the end of last month show a drop in indicators for a number of parameters. Analysts compared the March figures with the figures of the same month last year - 2022, as well as data for the first quarter of both years. So, in comparison with the same month of 2022: the number of mortgage transactions...
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