News and articles
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The Ministry of Environment, Urbanization and Climate Change reported on the successful renovation, strengthening or repair of 3.2 million residences as part of a nationwide urban transformation project. The head of the department, Minister Murat Kurum recalled that ideally, we would like to achieve an indicator when by 2035 there...
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The 5* hotel, unusual in its format of operation, will open its doors to the first guests in the largest Turkish metropolis in three months. This is reported by Turkish bloggers. The «atypical» luxury accommodation means that guests will be able to live «according to their own time». More precisely, choose the hours of arrival and...
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The total cost of the future «alternative to the Bosphorus», previously announced at $15 billion, has increased to $20 billion. This was reported by the Emlakkulisi portal with reference to the words of the Minister of Transport and Infrastructure Adil Karaismayiloglu. Despite the rise in the cost of the project, the Istanbul Canal...
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«Milli Emlak (one of the state structures) in Amasya province announced the sale of land plots at very reasonable prices and on reasonable terms». It is reported that these state-owned lands have various purposes: from gardens, fields and rural settlements to allotments for residential development. The auction will be held on the...
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Pre-sales have started in the new Litus Istanbul project, implemented within the framework of the partnership between Iş REIT and Tecim. The complex of 98 residences in seven blocks is located on the Asian side of Istanbul, in Altunizad. It stands out for its unique location, modern architecture and highly eco-friendly environment for such...
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New details of «My First Home» project announced by the President of the Republic of Turkey Recep Tayyip Erdogan on September 13, 2022 have become known. The project is implemented by the Ministry of Environment, Urbanization and Climate Change and the Office of Mass Housing Construction (TOKI). Of the more than five million applications...
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As usual, we remind you about some of the most relevant news of the Turkish real estate market published last week. A national project is in full swing to provide the population who cannot buy apartments or houses at full cost with so-called «social» housing. More than 5 million applications have already been submitted, of which more than...
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The IMSAD Association presented the October results of the industry report on Turkey for October 2022. This report is closely followed by the players of the construction sector, together with representatives of other important spheres for the state. Due to the weakening of the global economy as a whole and some recession in the development...
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Real estate in Umraniye has become more expensive due to the development of transport infrastructure
The Marmaray project, which contributed to the increase in rental rates in a number of Istanbul districts, as it turned out, is also responsible for the rise in prices for residential real estate offered for sale in the metropolis. In particular, in the Umraniye district, the cost of residences due to the opening of Marmaray and associated...
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Lawyers warned the owners: since the authorities are now especially careful that homeowners do not behave unfairly towards tenants, excessive thirst for profit can be fraught not only with fines, but also with imprisonment. And it is up to a year. These measures, on the one hand, are very beneficial to tenants, among whom there are...
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