News and articles
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The price for 1 sq. m of housing in Istanbul in September 2021 was equivalent to 15 grams of gold — a square meter costs 22.4 grams. Economists told the Turkish media about this. Housing investors are more attantive to alternative investment options — how much housing costs in dollar terms and precious metals. Moreover, gold in Turkey is a popular...
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A new project for 600 apartments has been launched in one of the largest megacities in Turkey, in Bursa. It will be a branded LCD from the company Bak Yapı — Bak Yapı Bursa Veysel Karani. In addition to six hundred residential lots, there will also be 50 shops. The area is 16,672 sq. m. Almost 1,800 people can live here in six sections of a large...
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The Presidential Palace is being implemented in the Turkish Republic of Northern Cyprus (TRNC). Although it was originally built by TOKI — another tender was held for it. The background is that during his visit to Northern Cyprus in 2021, Turkish President Recep Tayyip Erdogan stated that "... the presidential government of the Turkish Republic of...
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We present the traditional digest of construction and real estate news for the last seven days. The news was full of rental information last week. The summer holiday season will begin soon, and it has begun on the Antalya coast. The Aegean coast is getting ready for summer. Nevertheless, prices for seasonal rentals in Çeşme, Izmir, have gone up....
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The summer season in Turkey has started. Anyone who looks at rental prices in elite resort towns cannot believe, for example, the owners rent out their villas for TL 3.4 million in Çeşme (Izmir) from June 15 to September 30. This is equivalent to $105,000 at today's exchange rate. Unsurprisingly, some might have thought that the house was for sale...
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According to real estate brokers, rising prices for the sale and rental of housing in Izmir accelerated the so-called "reverse migration". Mesut Güleroğlu, head of the Izmir Chamber of Real Estate Agents, said, referring to the statistics, that ordinary managers with a small salary or pensioners decide to leave the city centre or go to the...
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The RAMS Global developer is implementing its branded housing project in Gebze — RAMS Denizkent Bayramoğlu. This residential complex offers a variety of apartment layouts — up to 5 bedrooms (from 1+1 to 5+1), including duplexes. 3+1 real estate prices start at TL 6.95 million. The total area of the RAMS Denizkent Bayramoğlu project is...
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How is the market of real estate in Turkey emerging from the winter stagnation into a “thaw”? According to Endeksa, a real estate valuation portal whose data is considered highly accurate, the annual increase in housing sale prices across Turkey as of March 2024 is 57%. At the time of writing, the average sale price per 1 m² of residential...
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The Bahçeşehir Gölvadi Housing and Construction Cooperative (HBC) project has officially started. Moreover, it is really huge: 2,500 residential units will appear here. Based on the average of three people per apartment, the total estimated number of residents is 7,551. The HBC infrastructure will also include 17 stores. The total amount of...
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New details of the Shelton Bodrum project for 104 villas, which is being built on a plot of 30,000 square metres, have been revealed. Abdullah Kirkincioğlu, Chairman of the Board of Directors of Shelton, explained the process of creating the project on their property in Bodrum, in response to growing demand for horizontal architecture,...
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