News and articles
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Prices for residential real estate in the largest Turkish metropolis are "going" to another record. Thus, according to the housing price index for October 2022, announced by the Central Bank of the Republic of Turkey (the index is published belatedly), the average price per square meter of residential real estate in Istanbul has increased to $1,432...
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The municipality of Kyzyljahamam (Ankara province) reported that almost 2.5 dozen land plots were put up for sale. The auction will take place on January 4, 2022 at 11:00 and will be held by open bidding. The land area varies almost tenfold: from 746.56 to 7215 square meters. The starting cost ranges from 0.4 million to 3,247 million...
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For some people who want to buy a house in Turkey with an eye on obtaining citizenship under an accelerated procedure, it makes sense to hurry up and make a deal before December 31, 2022 inclusive. The fact is that already from January 1, 2023, some adjustments concerning "citizenship by investment" come into force, although the amount remains the...
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The Pendik-Sabiha Gokcen branch of the Istanbul metro, finally put into operation in September 2022, contributed to the rise in the cost of residential real estate along its route. Ihsan Chulkhalyk, Chairman of the Board of Directors of Insay Yapı, confirmed that the demand for housing in the areas adjacent to the line has grown...
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Minister of Environment, Urbanization and Climate Change Murat Kurum said that 5,135 million "valid" applications were submitted for the project "My first home, my first workplace". That is, those where the applicants met the requirements. This figure broke the historical record for the number of applications in promotions of this kind...
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The other day, the results of the REIDIN-GYODER New Building Price Index study for November 2022 were announced. Recall that REIDIN-GYODER collects and analyzes statistics on housing erected by large developers and corporations: they are referred to as "branded projects". So, in November 2022, compared to the previous month, the 1+1...
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A selection of the most relevant information guides of the real estate market of the Republic of Turkey is in our weekly digest. The most significant news last week related mainly to the categories of newly received statistics, as well as to the social sphere. The first 50,000 holders of preferential residences have been...
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Non-payments on the part of the tenant do not give grounds for the landlord to engage in arbitrariness: experts once again warned the owners of housing about this. Even if the tenant is a malicious defaulter, he still has some rights, in particular, to personal space. Therefore, it is categorically not recommended, instead of going to...
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Soon, a new milestone will begin in the residential real estate rental segment: lease agreements will be concluded (and verified) electronically. This is one of the measures taken by the Turkish government to remove the rental business from the "gray" zone and from the so-called "informal" segment of the economy. So, by the end of 2024, it...
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In the context of rising prices, and the "shuffling" of the most popular areas for the acquisition of housing by foreigners, and legislative innovations of this year, we decided to once again "run through" the key points not to be missed when buying a house in Turkey in the near future. Content: The purpose of the purchase. Citizenship,...
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