News and articles
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We present another selection of the most interesting news of the construction and development market over the past seven days. The week was rich in numbers and statistics. Thus, housing prices have increased by 194% over the year, and the volume of housing transactions in Turkey has increased by an average of 7% in 10 months,...
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Gerkem Ogyut, CEO of the analytical portal for real estate valuation Endeksa, commenting on a recent study, said that as a result of exchange rate hikes and due to inflation after the pandemic, rental prices increased by 155% across the country over the past year and by 258% over two years. The average rent is now 6,520 Turkish lira (TL)...
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According to the Resonance Consultancy, Istanbul has entered the top twenty cities in the world. The rating of the 100 most attractive settlements on the planet has been updated, and the largest Turkish metropolis has reached the 20th line. Istanbul also took 11th place in the rating subcategory, namely, «Sights and cultural...
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Alanya initiates the creation of a special «bureau for foreigners», which will oversee their stay in Turkey. Naturally, within reasonable limits: mainly in matters of information and law enforcement. But at the same time, it will unite several services at once - the Department for Foreigners, police representatives, local elders, the gendarmerie,...
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For many months in a row, citizens of the Russian Federation have been buying the most apartments and houses in Turkey, in comparison with citizens of other states. In the second and third places, the former owners of the first and second places are stable: Iran and Iraq. And here are TOP-20 countries whose residents bought the...
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«Selling» prices for residential real estate increased in October immediately by 191.4% compared to the same period in 2021. While there was a decline in world housing prices, the growth of real house prices in Turkey came to the fore. Here are the details... Such data was presented by the Center for Economic and Social Research of the...
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Despite the fact that the volume of housing sales in Turkey in October decreased by an average of a quarter compared to the same month last year, for 10 months of 2022, it still increased to the same period of 2021. Here are the indicators for different categories of transactions: 13,258 units of mortgaged housing were...
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According to official data released by the Central Bank of the Republic of Turkey, the housing price index in September increased by 4.9% compared to August and by 189.2% year-on-year (compared to September 2022). If you look at the changes in the housing price index in the three largest cities of the country, then in Istanbul,...
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Over the past year and a half, rental rates in Turkey have been growing especially rapidly due to a number of factors: a reduction in the construction of new housing, an abundance of marriages, an increase in demand for apartments from students, as well as foreigners who have come to the country. Although experts emphasize that the rate of...
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The interest charged by banks as a «fee» for providing a loan when buying a home has grown to the maximum in 40 months. Although government economic management measures and the policy of low interest rates have significantly affected the rates on commercial loans, individual housing loans have not been affected. So the percentage here...
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