News and articles
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Home sales in 2022 decreased by 0.4% in comparison to the previous year, amounting to 1,485,622 units. This is according to a report from the Turkish Institute of Statistics. Leading cities and anti-leaders Istanbul has the highest sales at 259,654 units for the year or 17.5%. Istanbul is followed by Ankara which has recorded 126,166 sales and a...
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The opening of the metro line connecting Kadikoy with Sabiha Gokcen Airport has led to a sharp jump (namely, an increase) in real estate prices in remote areas of the metropolis. Earlier, we reported a 20% increase in tariffs; however, according to data collected by Hepsiemlak, the leading Turkish real estate platform, in some quarters that most...
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From the middle of 2020 and almost until the end of 2022, Turkey holds the championship in terms of «the country with the highest growth in housing prices in the world». According to the local Land Registry, in 2022, the record for real estate sales was broken: the number of housing transactions exceeded 1.5 million for the first time. In the...
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The zoning of the Karaburun quarter near the Istanbul Canal under construction implies the construction of residential and commercial premises on an area of 2.8 million square meters, writes Emlakkulisi. In Karaburun, one of the most attractive coastal locations on the Black Sea coast of Istanbul, housing, a shopping center, a hotel and...
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Housing prices in Istanbul are about to exceed the cost of housing in Miami, writes the portal Emlak365. According to the latest Housing Price Index published by the Central Bank, the value of residential real estate in Turkey has increased by 226% in the last 12 months alone. At the same time, the average price per square meter of housing for sale...
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Turkish President Recep Tayyip Erdogan announced that a project has been approved for the start of construction of a broadband highway that will connect two large resort cities in Antalya province at once: Antalya proper and Alanya. The length of the new transport route will reach 122 kilometers, of which 84 kilometers will be in...
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The real estate sector, especially rental housing, has been experiencing a boom in disputes and litigation over the past year. In the context of this, an important innovation, which was one of the first mentioned by the Sondakika portal. The Supreme Court of Turkey has informed that from now on, correspondence on the Internet does not matter...
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A service has been opened in the Leninsky district of Mahmutlar to resolve a variety of issues, including disputes; it will also work as an employment bureau. The first visitor of the institution was the mayor of Alanya Adem Murat Yudzhel, the official portal of the Alanya news reports alanya.bel.tr. The support service office will help...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our traditional weekly digest. The status of the Istanbul Canal project is on the agenda: there are some difficulties with the zoning of territories. However, the significance of the project is indisputable - in particular, it will contribute to...
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Profilo Shopping Center (Profilo AVM), one of the oldest shopping centers in Turkey, was acquired by Artaş Group. This was reported by the portal Emlakkulisi. By the way, Profilo shopping center became the second largest shopping center that Artaş Group acquired over the past 12 months; the first was Forum Trabzon, which cost Artaş Group...
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