News and articles
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A selection of the most relevant news of the Turkish real estate market is in our weekly digest. Despite the fact that the average cost of a housing unit in Turkey has reached 2.3 million liras, the growth rate of housing prices in the country has slowed somewhat; economists comment on the reasons. Moreover, the construction itself, on the...
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According to TÜIK, in March 2023, more than one hundred thousand housing units were sold in Turkey; to be more precise, 105.5 thousand lots. The volume of transactions increased by 32% compared to the previous month. The average cost per square meter of housing in the country at the end of March was fixed at 17,573 Turkish lira (TL), the...
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In the second half of April, the Turkish media actively discussed the topic of reducing the growth rate of residential real estate. Analysts are voicing the alleged reasons. Firstly, there is a slight decrease in demand: many of those who planned to buy apartments or houses have already done so. Someone got a chance to take part in a...
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In recent months, Turkey has experienced a surge in internal migration because people distressed by the earthquakes in Kahramanmaraş and its surroundings feared earthquakes in Istanbul. This is the largest Turkish city located in a seismic danger zone. Content: The relevant data are detailed in the following tables: Sale Rent Land for...
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The Turkish authorities have decided to create satellite mini-cities in Istanbul". They will appear on both sides of the Istanbul Canal under construction, an "alternative" to the Bosphorus. Such a "city within a city" format is needed, among other things, for the resettlement of megalopolis residents from emergency and similar buildings...
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Northern Cyprus is becoming an increasingly popular destination among investors and migrants. When deciding to buy property in Turkey in this region, you need to know what steps of a sale and purchase transaction you will have to go through. Content: Choosing a residential property Sales contract Permission to purchase Deposit Registering...
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Rent is one of the income items of those who have residential real estate in Turkey. Nevertheless, you need to be careful with the choice of tenants: the other day, the news thundered in the Turkish media that several apartment owners who rented housing to illegal immigrants were fined 321,440 Turkish lira (TL). During the checks for the...
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They promise to open the first metro line in Mersin in 2023. The Pioneer line is 13.4 km long, judging by the project, it will consist of 11 stations. It starts from the municipality of the Mezitli district. The new metro will be very advanced even by modern standards: it is planned to equip it with smart city technology and a fully...
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Top and bottom locations According to the official data provided by TÜİK, property sales in Turkey in March 2023 decreased by 21.4% compared to the same month last year and amounted to 105,476 units. Istanbul accounted for the highest share of transactions with 18,166 units or 17.2%. Istanbul is followed by Ankara with 12,023 sales (an 11.4%...
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"Villa for half price" is offered in April by manufacturers of factory houses. And they are not joking: developers offer such a prefabricated structure, which is a detached house that looks almost like a villa, and in fact a panel duplex, for 839,000 Turkish lira (TL) - with its area of 150 sq.m. Recall that "factory houses" (or...
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