News and articles
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Almost a year has passed since numerous Russian Federation nationals speeded up their relocation to Turkey due to political events. One rented a house, and one rushed to complete a long-planned purchase, and all for a good reason: prices on average for 2022 increased by 180% across the country. We discuss the changes that have occurred in the last...
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The state continues to support those wishing to prefer prefabricated factory housing, rather than traditional reinforced concrete. As part of the new campaign, the authorities are ready to compensate the buyers of factory houses 200,000 Turkish lira (TL). Thus, if you choose the minimum format a la «apartment 2 + 1», then such a house will...
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Well-known economist Mert Basharan voiced his expectations regarding prices in the residential real estate market said: «There was a mortgage crisis in the US, and the market collapsed; in our case, there is no need to fear this. The number of homes on sale is small, so prices are not falling. However, after the presidential election, we can expect...
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As part of one of the subprojects of the company «My New Home», which will also provide certain benefits to those who want to buy a second home: the loan term will be up to 15 years (180 months), and the program participants will also be offered partial installments. Which will help reduce credit payments. So far, the details of the...
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The well-known online platform HolidayCheck has published the results of its own research on choosing the best hotels in Europe. Conclusions are made on the basis of summaries on booking accommodation facilities, together with reviews of hotels. The 20 best Turkish hotels have been selected from the recently formed rating. Namely, it got...
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The Turkish Association of Manufacturers of Building Materials (IMSAD) has published the results of the next report, which is compiled monthly, but not only takes into account the data of the previous month, but also evaluates the dynamics of a longer period, for greater objectivity of conclusions. Thus, the report for January 2023 reports...
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President Recep Tayyip Erdogan recently clarified that within the framework of the «My New Home» program, designed to support the purchase of their own homes, the interests of different groups of buyers are taken into account: a separate scheme will be offered to citizens who want to purchase secondary real estate. But this scheme is still being...
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Developer Aksur Yapı announced the start of sales of residences within the framework of the Pierre Loti Mansions project (Pierreloti Konakları). 24 lots have been announced for sale, at the moment at special prices. «Pierre Loti Mansions» were built on an area of 4200 sq.m., a garden of 1000 sq.m is also provided in the project. The...
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In addition to preferential programs from the state, sometimes there is an opportunity to purchase housing much lower than the market value from banks. We are talking, of course, about collateral housing. A few days ago, Ziraat Bank provided such a chance to potential buyers, offering a 2+1 format - with two bedrooms - for 250,000 Turkish lira (TL)...
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The main array of publications in the Turkish media regarding real estate all week concerned the devastating earthquake in the south-east of Turkey, which happened a few days ago. So once again we draw the attention of home buyers to the importance of acquiring new buildings from serious developers, and if we are talking about secondary real...
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