News and articles
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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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One of the districts of Istanbul province – Chekmekey – is becoming more and more in demand in terms of purchasing residential real estate. At the moment, there are no apartments cheaper than 700,000 Turkish lira (TL). According to the statistics of EVA Real Estate Appraisal analysts, the most popular neighborhoods are now Alemdag,...
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A certain number of lawsuits have already been filed against TOKI by citizens dissatisfied with delays in the implementation of the announced large-scale project to provide social housing to those in need. «You say that you will complete the construction of 250,000 new residences in the next two years, but you could not build 150,000...
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A selection of the most relevant real estate market news is in our weekly digest. The rapid rise in house prices in Turkey has slowed down, but probably not for long. The reason for this is the measures taken by the authorities to provide low-income groups with preferential housing. Work is also actively underway to strengthen, modernize...
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Last month’s statistics showed that residential properties in Turkey became 191.4% more expensive on average compared to last year. The growth rates can be even higher in the most popular locations with beautiful nature, extensive facilities, and high demand from buyers and tenants. For instance, this indicator surged to 218.1% in Istanbul, 223.5%...
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Erdal Eren, President of the Turkish Contractors Association (TMB), said that the country has already come close to the figure of one hundred thousand workers from among Turkish citizens who were invited and are now involved in a variety of construction projects abroad. The number of contract projects in international markets has been...
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The deputy of the IYI party from Mersin, Zeki Hakan Sydaly, said that taking into account the current price increase, if earlier civil servants on retirement could purchase 3+ 1 housing (with three bedrooms) on savings and bonuses from the salary of an official, now this amount is barely enough for ... one room. Not even a tiny apartment or studio...
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A few days ago, a press conference was held in Ankara dedicated to the official «launch» of a new business complex significant for the Turkish capital: Nev201. In honor of the opening, you can purchase your favorite premises with a 20% discount, subject to payment immediately (without installments or credit). Nev201 is a...
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