News and articles
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From the perspective of real estate sales, the market in Northern Cyprus is experiencing rapid growth. While many potential investors only began to take notice in 2021, by 2022, it had become a significant breakthrough. Specifically, in the first half of 2022, the volume of real estate transactions surged by 200% (compared to the same period the...
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Content: Prices doubled in a year Brief Background Who buys? What do they buy? How quickly do they resell? Taxes, Avidat and other "obligations" Delivery deadlines and possible delays Introductory tours To be continued Prices doubled in a year While many potential buyers were cautious about property in Northern Cyprus, given the...
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The Turkish passport is gaining prominence; according to the Henley Passport Index 2024, which calculates the number of countries allowing visa-free entry, the number of such countries for Turkish citizens has reached 118 this year (+7 from the previous year). There is an additional list of countries where visas are issued upon border crossing...
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İzmir, one of the largest Turkish metropolises, successfully combines extensive business opportunities, an active lifestyle, and a seaside location. For understandable reasons, it is considered an expensive place to purchase real estate. Especially now, given the economic situation of the average Turkish family, the number of İzmir residents among...
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Content: Leading and lagging cities Mortgage deals: 5,915 Other transaction categories: 74,393 Primary housing sales: 25,263 Secondary housing sales: 55,045 Sales to foreigners: 2,061 Leading and lagging cities According to the Turkish Statistical Institute (TÜİK), housing sales in January 2024 decreased by 17.8% compared to the same...
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Despite the turbulence in Turkey's rapidly changing real estate market, it continues to attract the attention of both local and foreign investors. Experts are confident that this sector will flourish in 2024. Megacities remain in high demand, alongside tourist regions like Antalya, which continues to be a favourite among overseas buyers. However,...
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Content: City leaders and laggards Annual figures December figures Mortgage transactions: 6,042 Other categories of transactions: 132,535 New build sales: 51,243 Resale housing sales: 87,334 Sales to foreigners: 2,064 Buyer demographics City leaders and laggards Annual figures As per the Turkish Statistical Institute (TUIK),...
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Many families looking to buy property in Northern Cyprus (Turkish Republic of Northern Cyprus or TRNC) are raising children who need to learn English and other subjects. That’s why buying a home in those municipalities with educational institutions is a highly topical issue. We have prepared for you a list of international schools in Northern...
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The previous article presented some statistics on the demand for residential real estate in Turkey by the most popular provinces. Two locations remain undisputed leaders: Istanbul and Antalya. Let’s delve into more detail, including a retrospective of the last few years. Content: 2018-2023 Housing sales to overseas investors in Antalya The...
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2023 has come to an end. Let's look at the accumulated overseas housing sales statistics in Turkey. Contenu: 2023: important changes Nationalities of buyers and TOP 3 leading provinces The intermediate conclusions: The 10 provinces most popular with foreigners To be continued 2023: important changes An unexpected and, unfortunately,...
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