News and articles
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After some winter stagnation, construction and sales sector of property in Turkey has entered a thaw. This was even more true after the March elections: some projects and new legislation directly 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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The inflated high property tax in Bodrum has caused disputes and numerous appeals from the inhabitants of this region to the authorities. Before the elections, the candidate for mayor of Bodrum from the People's Alliance, Mehmet Tosun, beat the thresholds of the Bodrum Agricultural Chamber and the local tax inspectorate, representing the interests...
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Those foreigners who have purchased residential real estate — apartments and villas — in Turkey to obtain "citizenship by investment" under an accelerated procedure, sell them. There are two reasons: the first one is a sharp rise in price, which means that it is an opportunity to make good money on the price difference, especially when this housing...
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The real estate market in Northern Cyprus is supported by foreign buyers, although sales in Famagusta have fallen, demand from investors from abroad is still strong, and prices are steadily rising. Nicosia is in high demand. According to official sales statistics published by the Department of Lands and Geodesy, the total number of real estate...
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The attention of investors in Istanbul is attracted by the new Nival Florya project, about the beginning of construction of which we wrote, a branded complex from Nivak Group. It is distinguished from others by unusual "horizontal architecture" style properties, including four-storey ones. Many of them have their own terraces and gardens. The area...
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Turkey is switching to eco-friendly energy sources. Thus, the Istanbul air hub will become the first airport to be completely powered by solar energy. The launch of its own solar power plant is scheduled for the end of this year. Selahattin Bilgen, Acting Director General of Istanbul Airport, stated that "following the Sustainable Development...
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Housing, the price of which in 2015 was 1 million TL, reached 15 million TL by the end of 2023, according to the latest statistics. Moreover, if you look at the intermediate option — the second pandemic 2021 year — then by that time residential real estate of this type had increased in price to 2.7 million or less than three times, in a little over...
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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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