News and articles
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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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In January, Russia was still the leader among the countries whose citizens purchased the most housing in Turkey. Here are 20 of these states: RF - 1557 housing units; Iran - 526; Iraq - 229; Ukraine - 157; Kazakhstan - 155; Germany - 126; Kuwait - 113; China - 108; Afghanistan - 76; USA - 73; Azerbaijan - 65; Saudi Arabia...
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According to official data published by the Disaster Insurance Institute (DASK), half of the buildings destroyed by the earthquake were not insured. Moreover, of the affected provinces, the residents of Diyarbakir were the most careless in this regard. 1,118 million residences out of 2,175 in 10 earthquake-affected provinces did not have...
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Civil engineers of the resort town of Alanya (Antalya province) presented a plan to strengthen the seismic resistance of buildings in the city. Despite the fact that Alanya is located in a low zone of seismic activity (due to the fact that the Taurus Mountains are quite "old" and therefore not very mobile), in light of recent events, local...
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The Ministry of Environment, Urbanization and Climate Change continues to invest in residential real estate without slowing down. Even despite the sad news of the past weeks. The other day, information about new projects that the organization will begin implementing in 2023 in Izmir province was published on the official website of 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 weekly digest. The focus of media attention is still on the elimination of the consequences of the devastating earthquake that occurred at the beginning of last week. However, for the same reason, a number of issues on the agenda have become...
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The next announcement on the sale of the most affordable housing was published by the bank Vakıfbank; this is one of several financial structures in Turkey that implements secondary real estate in the residential sector, mainly collateral. Recall that in exchange for unpaid loans, banks can confiscate apartments and debtors and sell them...
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