News and articles
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By the end of January, the final results of 2022 will be reviewed, however, by the end of November, the major trends will have been quite evident. The strong level of interest from foreign investors in Turkish real estate was one of the year's most pleasant surprises. Although local purchasers are waiting and market sales have generally decreased...
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In order to motivate citizens to participate directly in the urban transformation program, the authorities decided to subsidize not only the participation of Turkish citizens in strengthening their own housing, but also rent payments for those who agreed to move. So, currently, assistance in renting housing in the amount of 1,500 Turkish...
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President of the Republic of Turkey Recep Tayyip Erdogan, taking part in the opening ceremony of the «branch» of the Kagithane metro-the New Airport, officially announced how things are currently going with the construction of the Istanbul Canal. The canal will be laid in stages, four stages are planned. In addition to its economic...
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According to a recent announcement published by TOKI, it became known who exactly will get 2+1 apartments in Chorum, in the Çorum Merkez Celilkırı project. They will be distributed among low-income households. The cost of these lots ranges from 300 to 378 thousand Turkish lira (TL). Everyone can apply, and then TOKI will draw lots. The...
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The media reports that the government, planning to intensify the process of urban transformation as part of a nationwide campaign, will increase financial support for the population in 2023. In particular, in some cases, the loan rate on housing loans will decrease, the volume of these loans will increase, and their repayment period will be...
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The launched program «My New Home» for middle-income households allows you to purchase housing with a preferential interest rate of 0.69% per month. However, potential buyers are warned: do not try to negotiate with the seller and underestimate the cost of housing according to documents in order to reduce payments. In case of detection of the fact...
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The rental market, especially in the most popular cities and districts of Turkey, is already so «overheated» that some of the realtors and homeowners have already begun to arrange a kind of auction for the right to rent an apartment or house of interest. That is, the one who offers the highest monthly rental rate becomes a happy tenant. In...
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Recently, the interest of the local population in the urban transformation program has noticeably decreased. One of the reasons for this is the minimum level of assistance in renting housing provided by the state to those moving. The authorities are naturally asked the question: should we wait for an update of measures to help the population in...
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For some residents of Turkey, there were opportunities to build prefabricated (so-called «factory») houses, partially sponsored by the state. Which means that you can become the owner of your own home with minimal costs by making monthly payments. So, those who own land, real estate market analysts advise to take a closer look at this...
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A selection of the most relevant news of the Turkish real estate market is in our weekly digest. Russians continue to surprise: in 2022, they not only bought the most real estate - we mean, in comparison with citizens of any other states - but also opened the most firms and enterprises in Turkey: almost 1400...
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