News and articles
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our next digest. Istanbul has been on the agenda every now and then over the past week, in a variety of aspects. First of all, for the reason that the largest Turkish metropolis is located in a zone of increased seismic danger....
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The Head of the Chamber of Real Estate Agents of Ankara, Hakan Akcam, said that there is serious activity in the real estate market in the Turkish capital: only over the past two weeks, a very significant increase in real estate prices has been recorded in Ankara. One of the reasons for this is the spontaneous migration of the inhabitants...
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It turned out that the recent earthquake with an epicenter in Kahramanmarasa also affected the state's program of co-financing the purchase of housing within the framework of the "My New Home" campaign. The program that has just begun cancels actions for a number of districts and projects. Recall that the campaign was aimed at making low-...
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We continue to talk about noteworthy (in the investment sense) cities that are located not far from Istanbul and not so densely populated, which is a plus. After all, it is the overpopulation of the largest Turkish metropolis, coupled with a very high percentage of old buildings, that increases the risks in the event of new strong tremors that are...
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A bank loan at a preferential rate of 0.69% and for a period of 2 years will be provided to those who wish to participate in the program for the speedy transformation of the Istanbul housing stock. Namely: I am ready to do the strengthening and repair of my own house myself. This is reported by the portal Emlakkulisi with reference to the statement...
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In Bursa, the fourth largest metropolis in Turkey, Nilufer is "gaining momentum"; housing is in great demand here. The Emlaksayfasi portal published data on the number of transactions concluded in this area in 2022. Namely: over the past year, 54,277 transactions of purchase and sale of residential residences (houses or apartments) took...
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An important warning has been issued to millions of landlords. Recall that in light of the explosive growth of rental rates over the past year or two, the authorities have taken control of the increase in monthly rent. A year ago, the limit of rent increases during the prolongation of annual residential real estate lease agreements was limited to a...
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In the context of two earthquakes of magnitude 7.7 and 7.6 in Kahramanmarasa at once, and precautions for possible strong tremors in the metropolis of Istanbul in the near future, which seismologists have been warning about for years, have come to the fore again. So, the Istanbul Municipality (IMM) announced an "urgent step": all buildings...
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A new project of the Department of Mass Housing Construction for six and a half hundred residences has been announced in Istanbul: TOKI will offer future buyers a large complex for 648 lots at once. The tender for the implementation of this major project was held on March 8, 2023, Emlaksayfasi clarifies. On the territory of the future...
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Although Istanbul is an all-time favorite with foreign investors in Turkish real estate (along with Antalya and its environs), the areas closest to Istanbul may in some ways be even more attractive to homebuyers. One of the reasons for this is real estate prices, which are lower than in the largest Turkish metropolis, even though residential...
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