News and articles
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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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The September report on residential real estate sales in Turkey showed that the volume of transactions on average increased by 11.4% in the first nine months of 2022, compared to the same period of 2021: from 949,138 to 1,057,193 real estate units. However, the figures differ for different categories of transactions, such as: -...
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The updated tariff for the minimum fee for real estate services for 2023 came into force; the official decree was published in early October 2022. Thus, following the rise in rental prices, there was an increase in the intermediary tariff. And at once by 100%. This is caused not only by inflation: due to the increase in the...
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The authorities will sponsor the construction of prefabricated houses. This was reported by experts who analyzed the current prices for prefabricated standard houses, coupled with the possibilities of subsidies from the state. Such an opportunity in the current difficult economic conditions is very important for low-income families...
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Recep Tayyip Erdogan announced the seizure of a number of real estate objects in five provinces. The corresponding resolution authorizing the urgent expropriation of real estate has been published in the media. But homeowners don't have to worry: we are talking mainly about industrial facilities. Thus, part of the real estate in...
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Endeksa, a predictive real estate data analytics, and insights platform shared its “predictions” regarding the dynamics of the value of residential real estate towards the end of 2022. Endeksa regularly evaluates the state of the housing market in Turkey and expresses the most likely future predictions. The experts examined the first half of the...
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The Housing Construction Authority (TOKI) has auctioned several dozen Istanbul residences at once. But this time, not as part of a nationwide program to provide social housing for the poor, but as elite housing,as it is located in very prestigious locations. Thus, 12 residences of the 3+1 and 4+2 format belong to the Koru...
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Özyurtlar Holding, a long-established and well-established brand in the construction and real estate sector of Turkey, announced the launch of two of its new projects at once: «No 27 Residence» in Beylikduzu and «Stüdyo House» in Yspartakul; both districts geographically belong to the province of Istanbul. The infrastructure will...
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An additional payment option appeared just a few days ago among Russians living in Turkey. Recall that Turkish establishments have recently stopped accepting Russian MIR cards for payment, and ATMs for servicing. Despite the fact that it was the MIR maps that were a lifesaver for Russian immigrants and tourists for several months...
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Rumors have spread in Turkey that the authorities are thinking of canceling the tourist residence permit (residence permit), previously granted on the basis of a lease. Under the pretext that its receipt does not correspond to the purposes of tourism. After all, a tourist residence permit was issued, it seems, so that visitors could travel around...
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