News and articles
-
A campaign has been launched to provide one hundred thousand residences to middle-income families who cannot afford to buy housing at current prices. Emlakkulisi writes about this with reference to the Minister of Environment, Urbanization and Climate Change Murat Kurum. 100,000 preferential apartments for the «middle class» will be built in 81...
Read more -
More than five million applications have already been received for participation in the project «My First House», implemented by the Department of Mass Housing Construction (TOKI). More than a million of them are from Istanbul. The draw to determine the beneficiaries of the projects will begin in the near future and will be completed by March 2023...
Read more -
A «new era» has begun in the land registry, due to the electronic Identity verification System (EKDS). This method of identification will allow participants in housing transactions to further protect themselves, since it will become much more difficult to forge documents for ownership of property. Now citizens who come to the land...
Read more -
The residents of Istanbul did not have time to rejoice at the new ferry and funicular routes that opened last week, as several more were added today. Namely, there are seven options for «transfer» by ferries at once: Kadikey-Eyup Sultan; Avdzhylar-Kadykey; Avcylar-Bostanji; Maltepe-Prince's...
Read more -
Prices of residences in Turkey grew by 160% year-on-year in the second quarter of 2022, as already reported by Turk Estate. The third quarter is likely to perform even better. For instance, by the end of summer, prices had increased the highest in Istanbul (+185% year-on-year), Ankara (+165%), and Izmir (+151%). Foreigners are still actively...
Read more -
The municipality of Dikili (Izmir province) announced the sale of several land plots at once. The auction will take place on November 24, 2022. Allotments are located in the districts of Bakhcheli and Katralany (one each), but the main number of them is in the Ismetpasha quarter. The area of land plots varies from 307.5 to 451.88 square...
Read more -
The Marmaray project, with which all new transport routes of the largest Turkish metropolis are gradually connecting, in fact contributed to the fact that Istanbul real estate in the Asian part of the city has become more in demand. Accordingly, the rent has risen significantly, and in a short time. So, the rates for renting housing in the Kadikoy...
Read more -
According to the data of the online platform Emlakjet, the percentage of those who request a search for housing for rent on this resource, and not for the purpose of buying, has significantly increased. The key reason, according to respondents, is «the inability to find an apartment or a house at an adequate price» (53% of respondents mentioned...
Read more -
One by one, municipalities put up residential real estate owned by them, but not used for one reason or another, for sale at prices favorable to the population. One of the reasons is that after the «jumps» in fuel prices and noticeably increased electricity bills, it became difficult for local government agencies to balance their budget. Lots at a...
Read more -
A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. Over the past seven days, among the news that attracted more attention, mostly there were not announcements of new major projects from developers, but infrastructure (in particular, transport) news and information about the...
Read more