News and articles

  • 97,708 housing units sold in Turkey in January 2023

    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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  • The first 30 000 residences for the victims will be erected very soon

    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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  • Citizens of the Russian Federation, Iran, Iraq and Ukraine bought the most housing in January

    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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  • Half of the destroyed buildings were not insured

    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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  • Alanya will be made more earthquake-resistant

    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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  • New three TOKI complexes for almost 900 residences will appear in Izmir

    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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  • Real estate in Turkey: the main news of the past week – February 11-17

    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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  • Vakıfbank offers more favorable terms than TOKI

    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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  • The owners are asking for a single aidat for combined apartments

    Real estate buyers in Turkey are increasingly requesting the opportunity to pay one aidat (monthly fee) for residences that are bought by one owner and, having bought, combines them. Recently, taking into account the fact that more and more investors are buying more than one apartment in Turkey. Often buyers take lots in the neighborhood and...

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  • The extension of the 25% cap on rent increases is now in question

      The population began to be interested in how the rate of rent increase will be determined from July 2023, when the annual restriction will cease to apply. After all, the homeowners insisted on an increase even before the new year.    Recall that since July 1, 2022, the authorities, in an attempt to take control of the explosive...

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