News and articles
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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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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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