News and articles
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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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The Department of Mass Housing Construction (TOKI) has put up for sale 15 land plots in Kusadasi, Aydin province at once. The total estimated value of land plots is about 1.8 billion Turkish lira (TL); they are sold at auction. The auction will take place in the TOKI office building in the Bilkent district (Ankara) shortly after the...
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By the end of the year, Russians continue to lead in terms of buying Turkish housing. Staying in the first place for more than six months. TOP-20 countries whose citizens purchased the most housing on the territory of the Republic of Turkey in November 2022 looks like this: Russian Federation - 2575 housing...
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The Ist Port Residence project in the capital of Turkey (Ankara) has officially started. 741 residences and 123 commercial facilities will be built here at once, most of them are shops. The cost of Ist Port Residence is estimated at 191,989,440 Turkish liras (TL); an environmental impact assessment of the project is already underway...
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Since there are only a few days left until the onset of 2023, some homeowners want to raise rents at the beginning of the year, referring to the expected increase in the minimum wage in January. And this is despite the fact that, according to the law, in long-term rental contracts extended annually, it is prohibited by law to raise rates by more...
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Folkart, one of the well-known development companies in Turkey, has officially announced the launch of its new project in the center of Izmir. The name for it was chosen Folkart Nova, and it will be erected next to another complex - Folkart Vega. The investment value of Folkart Nova - the "neighbor" of Folkart Vega - is about 2 billion...
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The Department of Mass Housing Construction TOKI has denied rumors that preferential residences are allegedly provided to citizens of other states, while they were supposed to solve the problem with housing for low-income categories of Turkish citizens. The rumors were provoked by a publication in the local media on the topic "Houses for...
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A new phase of the project for almost a thousand residences (or rather, 925) will appear on the site directly adjacent to the Istanbul Canal being laid. That is, in an area where land is now getting more expensive especially quickly. And at the end of November, the contractor of the fifth stage of the project near the Istanbul Canal...
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According to officially announced data, Turkish construction firms carried out projects worth about $10 billion ($9.836 billion) in the incomplete year 2022 – from January to November; so, since the last calculations, the amount has already increased, from $8.69 billion. Also, the Anadolu agency clarifies with reference to statistics from the...
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