News and articles
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The results of the new REIDIN-GYODER «New Housing Price Index» for September 2022 have been published. According to the report, in September 2022, housing prices increased by 3.39% compared to the previous month and by 94.75% compared to the same period last year. Let's clarify that the Index evaluates the indicators of mainly residential real...
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Over the past two years, construction costs have increased approximately threefold, according to the department analyzing the value of EVA real estate (EVA Gayrimenkul Değerleme). And for certain categories of materials – even more: iron has risen in price 4.5 times since 2020, and 2 times since 2021. Moreover, prices vary by city, they...
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Prices for prefabricated (factory) houses remain one of the most popular topics for discussion in recent months. Although this segment is also becoming more expensive, manufacturing companies periodically provide discounts as part of their campaigns aimed at attracting customers. So, one of the firms is just now offering a 15% discount on...
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A selection of the most relevant events of the real estate market of the Republic of Turkey can be found in our traditional digest of the past seven days. A lot of news last week directly related to housing transactions with foreigners, especially with our compatriots. Thus, the volume of home purchases by Russians increased by 199%:...
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The long-awaited news for those who are looking at buying a home in Turkey: a map of open and closed areas has finally been created (those where it is possible or impossible to obtain a residence permit by right of ownership of real estate (TAPU)). Recall that since 2022, a number of districts have been closed for obtaining a...
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Head of the Board of Directors of the Association for the Promotion of Real Estate Abroad (GIGDER) Omer Faruk Akbal shared significant indicators for Turkey: as for transactions with foreign investors, this year every fifth was concluded by Russians. The average amount of investment for the purchase of housing for interested parties...
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A mid-year report devoted to the average home prices in Turkey has been published, based on the performance in the first half of 2022 (January through June) and over the past 12 months, which are quite indicative. It was approximately by the beginning of last July that life in Turkey almost normalized after the previous pandemic year. This was the...
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The Russian airline «Pobeda» is presumably resuming regular flights to Turkey from December. In particular, an application has already been sent to the Federal Air Transport Agency for the start of daily flights to Antalya from December 23. So, for Russians living in Turkey or often traveling there, Pobeda presented a pleasant gift for the New Year...
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There have been many difficulties in the country with unlicensed intermediaries-foreigners selling real estate. Recall that the growing volume of housing transactions with citizens of other states to some extent provoked the appearance in Turkey of a number of agencies acting as a «buffer» between the seller and the buyer: after all, some...
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The Office of Mass Housing Construction (TOKI) announced the sale of housing as part of two different projects in Istanbul. This is not the first action from TOKI, not for the low-income, but for citizens from the middle-income category. Thus, the application can be submitted without the mandatory requirements for «minimum income»...
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