News and articles
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Content: Mortgage transactions: 9,909 Other transaction categories: 100,679 Primary housing sales: 35,558 Secondary housng sales: 75,030 Sales to foreigners: 2,064 According to official data from the Turkish Statistical Institute (TÜIK), housing sales in May 2024 decreased by 24% compared to the previous year, totaling 110,588 units. The...
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Bodrum is one of the resorts on the Aegean coast in Muğla province, alongside Marmaris, Fethiye, Göcek, Ölüdeniz, and some other tourist spots. However, the peninsula where Bodrum is located is particularly renowned for its comfortable climate, stunning landscapes, and abundance of opportunities for elite recreation — hence its comparison to the...
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Previously not-so-sought-after Ankara is rapidly becoming more expensive in terms of property prices. At the same time, the cost of services, food and other items here is often lower than in Istanbul or popular resorts. Thanks to this, the capital can be considered a good investment destination despite its distance from the coastline. Nevertheless,...
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For many years, affluent Turks and wealthy investors from various countries, including world celebrities, have chosen Bodrum resort and its surroundings to buy summer residences. Property in Turkey offered here is costly, as it is on average in the province of Mugla, to which the location belongs. However, the rental rates for the holiday period...
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As per data released by the Turkish Statistical Institute, housing sales to foreigners in 2023 fell 48.1% year-on-year to 30,005 units. This is the lowest figure in 6 years, since 2017. The share of foreign buyers in total transactions, which was 4.5% in 2022 (sometimes averaging as high as 5%), fell to 2.9% in 2023. The 'net' inflow of foreign...
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A large complex of 1,400 apartments will be launched in Izmir in the next two months. Its name is Forum Göztepe, and it is a branded project: the company's portfolio has another Forum brand project — Forum Bornova (also in Izmir). Moreover, Forum Göztepe is not only a residential complex, but also a hybrid one: with commercial (most likely...
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The latest news of the real estate market of the Republic of Turkey is presented in the traditional weekly digest. Bodrum residents complain about high taxes, which is not surprising: real estate in Mugla, and in the resort of Bodrum in particular, has always been more expensive than in other provinces. Housing for $300,000 has risen in price to a...
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The Cengiz Holding Bodrum project has finally started. The complex, which is being implemented on a land plot of 678,000 square metres, will include 100 villas and a hotel under the international Bvlgari brand. However, the project does not have such a simple fate: its implementation was canceled twice for a certain period of time. Although the...
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The Central Bank's Housing Price Index published at the end of April showed that Turkey is experiencing a record increase in house prices: by 89.2% year-on-year. One of the most sought-after provinces is Sakarya (near Istanbul). This province is famous for its natural beauty and unique location, as well as a number of large industrial enterprises....
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After winter stagnation, the construction and sales sector of property in Turkey has begun to thaw. This trend became more pronounced after the March elections, as some projects and new legislation related to housing were put on hold until after the elections. Content: The construction sector Results in figures and facts Price dynamics by...
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