News and articles
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In the traditional weekly issue, we present the latest news of the Turkish real estate market for the past week. For the second week in a row, the agenda is mainly attempts to resolve the situation with the consequences of a natural disaster as soon as possible. In particular, the amount of payments received for 23 years by...
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The amount collected as part of the so-called "earthquake tax" for 23 years amounted to almost 90 billion Turkish lira (TL). In the period from 2000 to 2022, a total of 87 billion 998.6 million TL was received in the form of a special tax, which later received the unofficial name "earthquake tax". Despite the fact that in fact it is...
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Loan payments for housing purchased from TOKI in 11 earthquake-affected provinces have been postponed for 3 months. This was stated during his speech in Hatay the other day by Turkish President Recep Tayyip Erdogan. Two and a half weeks have passed since the devastating earthquake on February 6, 2023, which was called the "disaster of the...
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The massive earthquake that shook southeastern Turkey was a huge tragedy for the region because of the scale of the consequences. Especially for readers, Turk.Estate decided to share some important news and information about this in the article. Content: Why is the damage so great? What buildings weren’t destroyed? Official building codes in...
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President of the Republic of Turkey Recep Tayyip Erdogan announced that the authorities intend to restore every house and every workplace destroyed or rendered uninhabitable or commercial as a result of the earthquake, and will transfer them to the rightful owners of real estate. At the beginning of March, it is planned to begin...
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Manufacturing firms continue to mass produce residential containers for areas affected by the earthquake. Moreover, companies like Yako Groups switched from their main profile to construction, thereby emphasizing that they are aware of their responsibility to the needs of society. Galip Olmez, Chairman of the Board of Directors of Yako...
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After the recent earthquake, experts immediately began to assess the damage. The first payments for DASK earthquake and natural disaster insurance were made within 24 hours. However, is the DASK policy sufficient to cover losses? Recall that DASK insurance, which is considered mandatory - which, however, not all Turks pay - covers...
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The Central Bank of Turkey has published the long-awaited Housing Price Index for December 2022. It turned out that over the past year, residential real estate prices have increased by an average of 167.8%, and only in December - by 5.3%. As for the largest megacities, in December 2022 in Istanbul, Ankara and Izmir, housing prices rose by...
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According to statistics published by TÜIK, the volume of housing transactions in Turkey in January increased by 10.6% compared to the same month last year and amounted to 97,708 units. Leading cities and anti-leaders Istanbul is the leader in transactions with a total quantity of 17,415 residential units, or 17.8% of the total volume, being sold....
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Scientific research on the verification of sites and their soil for the construction of new earthquake-resistant houses in Turkey has already begun. This is written by the portal Emlakkulisi. President Recep Tayyip Erdogan promised that the construction of new permanent residences – in the sense of capital buildings - will be...
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