News and articles
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Once again, Turkey's leadership in terms of investment attractiveness of investments in residential real estate has been confirmed. Global Property Guide has published the results of another study of the world market in this area, for which information was collected on 60 states. TOP-5 are the following: Turkey +63.02% (increase...
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In Alanya, as one of the most popular coastal cities, along with the prices for buying and renting housing, the aidats also "soared". Recall that this is a fixed payment, the cost of services for maintaining the residential complex in order. Previously, the highest aidats were observed in Istanbul and other Turkish megacities; however,...
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The new project Oyak Maslak will appear in Maslak (Istanbul). Developer Oyak Inşaat has announced the start of work on a new project that will be erected next to Ayazağa Oyak Sitesi; it will include 413 residential lots and 12 commercial facilities. Investments in the project amount to 1,382,306,829 Turkish liras (TL). Oyak Maslak will be...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. The rental market continues to be in a fever: the annual increase in tariffs is 140-180%. This applies, we recall, to newly concluded contracts: for prolonged long-term contracts (1 yearlong), tenants are still protected -...
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Previously, those who bought housing for investment preferred secondary housing; and now the interested parties have begun to reorient themselves to the one in which no one has yet settled. Analysts explain this by difficulties with evicting tenants. Many homeowners, losing on rent coupled with inflation due to the fact that they can raise...
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Detailed data on residential real estate sales in Istanbul for February 2023 have been published. In the second month of the year, 14,980 residential real estate units were sold in Turkey's largest metropolis, which is 18.7% of the total number of transactions in Turkey. Of these, 3,167 were implemented under mortgage lending...
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The year of 2022 was impressive not only in terms of some numbers in the residential property sales (for example, December had been the second best month since the end of 2020 with more than 180,000 lots sold). This year will be even more memorable for real estate market players due to the high demand for housing from foreigners as well as a...
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The media published another announcement that the National Real Estate Administration (Milli Emlak) is putting up for sale a number of land plots. They will be implemented through a tender. As part of the current campaign, 81 real estate objects are put up for auction at once: land and fields. Approximate prices for the mentioned...
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In parallel with the rapid growth of rent aidat (payment for the maintenance of residential premises) in Turkey is also rapidly increasing. In particular, the figures for Istanbul, Ankara and Izmir – the three largest cities in Turkey - have been announced. For example. In Istanbul over the past year, aidat has "grown" by an average of...
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Millions of tenants in Turkey are concerned about the very rapid growth of rents. Recall that in order to somehow regulate this process and protect tenants, last year the authorities imposed a restriction on its increase. Accordingly, from July 1, 2022 to July 1, 2023, this is a maximum of 25%, however, there was a restriction only for residential...
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