News and articles
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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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Minister of Environment, Urbanization and Climate Change Murat Kurum officially announced the relocation of buildings located in the most dangerous areas of Istanbul from a seismic point of view. After the February earthquake in Kahramanmarash, the largest metropolis, in which serious tremors are already predicted in the future for several...
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The program of state support for the construction of their own housing, designed to motivate as many families as possible to build their own homes, is gaining momentum. This is especially true of "factory" prefabricated structures. So, if earlier payments were offered for the purchase and assembly of very modest lots on your land plot - in...
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As we reported earlier, as part of the first stage, the authorities planned the construction of 199,739 residences in cities and several tens of hundreds of rural houses. Now, figures have become known regarding the distribution of the 15 000 houses to be built in the provinces in the first place. Contracts with contractors have...
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Work continues on a new road planned by the Municipality of Alanya to improve traffic in Kestel to Alaaddin Keikubat University, as well as to the newly paved highway. This rapidly being completed new road with a length of 4 kilometers and a width of 30 meters will simplify access not only to the University of Alanya, but also to the...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our first spring digest for 2023. The country continues to deal with the consequences of the February disaster. Among the primary tasks is to provide housing for those in need and provide compensation to those whose damaged apartments and houses...
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After two strong aftershocks in early February, affecting more than a dozen Turkish provinces, many people were forced to change their place of residence - temporarily or permanently. They were placed in hotels, guest houses, temporary buildings, as well as student dormitories specially vacated for this purpose. Here is a list of how many citizens...
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Migration from the largest Turkish metropolis after the recent earthquake in Kahramanmarash has reached a peak, analysts comment. After strong aftershocks that provoked great destruction in 11 provinces, people began to "flee" from the most earthquake-prone large cities - so to speak, "under threat". Istanbul is one of them; and the memory of a...
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The resolution limiting the increase in rent in the amount of 25% for the prolongation of long-term (annual) contracts, which was supposed to be valid for a year starting from the middle of last summer, remained and remains in force until July 1, 2023. Although the owners of real estate before the New Year insisted on revising this rule - and,...
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Murat Kurum, Minister of Environment, Urbanization and Climate Change, reported that 387,346 buildings were inspected to assess damage in a number of provinces, close to the epicenter in less than 10 days after the earthquake. Of those, 50,576 buildings were identified as requiring urgent demolition, and 279,655 buildings sustained slight damage....
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