News and articles
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In 2023, property sales to foreigners in Turkey halved to 2.9%, as per the latest data. This decline continued in February, with the number of transactions with foreign investors dropping to 2%. Overall, the total volume of sales in the country fell by 17.5%. However, analysts expect property prices to rise. This is attributed to an increase...
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Analysts have put together a list of the 5 most comfortable places to live in the Turkish Republic of Northern Cyprus (TRNC), due to the increasing investment interest in the region. Kyrenia (Girne). It serves as a significant hub for culture and economy in Northern Cyprus, bustling with activity from students and tourists, though it may be too...
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Alanya has built a new children's park of 900 square metres in Oba. This is one of the most densely populated areas of the resort town. There is a larger space available for a variety of outdoor activities, which includes rope climbing towers, a playground designed like a "rope park", a swing for mothers and babies and picnic areas. In addition,...
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The Emlak Konut GYO Investment Fund has published an official sales report for the first quarter of 2024. Real estate transactions without VAT amounted to TL 6,226,619,568 from January 1 to March 31, 2024. The total area of 675 sold lots was 77,545 square metres. Moreover, foreign buyers made 37 transactions in the first quarter totalling TL 458...
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It has been officially announced that the KIPTAŞ construction company will provide Istanbul residents with at least 50,000 new residential units as part of an urban transformation programme that has affected the entire country or 81 provinces. KIPTAŞ CEO Ali Kurt said that these apartments would be located in the Kartal, Sarıyer and Beykoz...
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A great deal was made in April: Istanbul's Torun Tower, one of the largest office buildings in the metropolis and throughout Turkey, and resembling Trump Tower in the USA, became the property of the Turkish bank Denizbank. Torun Tower was owned by Torunlar GYO — its real estate portfolio is worth TL 82.7 billion, and the net asset value is TL 35.6...
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We continue the series of articles about Northern Cyprus. Today we will discuss the key moments in life and moving. Content: Residence permit of Northern Cyprus Why you should choose the TRNC for permanent residence Why it is profitable to buy an apartment in Northern Cyprus TRNC: about the districts in a nutshell Residence permit of...
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Turkish social networks were blown up by information that the house has 4 bedrooms and 2.5 bathrooms (two bathrooms and a "guest" toilet) in Texas, USA, and a smaller apartment in Şişli, with only 2 bedrooms, are equal in price. If Turkish real estate was considered one of the cheapest in the world ten years ago, prices have been rising rapidly in...
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We recall the most significant news of the residential real estate market over the past week. Moreover, a detailed transaction report for March and the first quarter of 2024 has recently been published, so there are certain trends. The key countries, where citizens buy the most residential real estate in Turkey, have not changed for many months:...
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The average price per housing unit in Turkey has exceeded TL 3.2 million. Buyers may be unhappy with this, but investors are happy. The fact that the average payback period for investments in residential real estate in the country has been reduced to 15 years, and in some provinces to 11-12. According to the Endeksa real estate analytical portal,...
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