News and articles
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Housing sales to foreigners in September decreased by 23.8% compared to the same month last year and amounted to 5,049 units. The slowdown in the pace of residential real estate sales was partly affected by the increase in the financial threshold for «accelerated citizenship» from $250,000 to $400,000. The Russians, who previously...
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In the first nine months of 2022, due to the high demand for housing in the first half of the year, the total volume of transactions across the country overcame the «bar» of 1 million. The volatility of the exchange rate and the search for options for the safest investments of their funds had a positive impact on sales in the first six months: for...
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Market experts are wondering whether the TOKI social housing project, which should cover a quarter of a million families, will help reduce the prices for rented housing? Theoretically yes: due to the actions of the Housing Construction Administration (TOKI), the poor have the opportunity to purchase budget apartments or a plot for the...
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The sales department announced the acceptance of preliminary applications for lots in the elite Soytaş Foça project. The project is being implemented in Izmir, geographically between the Old Foça and the New Foça. In Soytaş Foça there are villa houses with large gardens in low-rise blocks. The developer is Soytaş Holding. Villas with their...
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The growth of rental rates continues; the cost of moving is also increasing. People began to move much more often. This can be said to be one of the key trends of 2022: many leave the center and move to the outskirts in search of cheaper apartments, or even leave one city and pick up a residence in another. In connection with such...
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The high level of inflation recorded this year will directly affect the adjustment of the tax rate. Which will lead to a noticeable increase in the real estate tax in 2023. Tax specialist Ozan Bingel, based on his own calculations, suggested that from January 1, 2023, taxes and fees payable by citizens will almost certainly increase...
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Tonight, we present another digest of the most interesting events in the Turkish development and construction market over the past seven days. Several news directly relate to Russians already living in Turkey from among those who rent or buy real estate or those who are just going to buy it with an eye to moving (and there are a lot...
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The Department of Parks and Gardens of the Municipality of Alanya has completed the construction of a unique Therapeutic Park, which will be the first in the entire Mediterranean. For this purpose, a green area with an area of 2,133 square meters was transformed in the eastern part of Oba (Alanya resort). From now on, residents...
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Citizens of the Russian Federation have been taking the first «prize place» in the top three leading countries in terms of housing purchases in Turkey for almost six months. Previously, our country was in third place after Iran and Iraq; since spring, it has «pushed» both of these states and firmly holds the «palm of primacy». September was no...
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Leading cities and last-named cities According to Turkish data experts, in September 2022, 113,402 residential real estate units were sold in the country. Istanbul leads in transactions with 19,089 housing units and a share of 16.8% of the total units. Istanbul is followed by Ankara with 8812 homes sold which has a 7.8% share, and Izmir with 6338...
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