News and articles
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We present the traditional digest of construction and real estate news for the last seven days. The news was full of rental information last week. The summer holiday season will begin soon, and it has begun on the Antalya coast. The Aegean coast is getting ready for summer. Nevertheless, prices for seasonal rentals in Çeşme, Izmir, have gone up....
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The summer season in Turkey has started. Anyone who looks at rental prices in elite resort towns cannot believe, for example, the owners rent out their villas for TL 3.4 million in Çeşme (Izmir) from June 15 to September 30. This is equivalent to $105,000 at today's exchange rate. Unsurprisingly, some might have thought that the house was for sale...
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According to real estate brokers, rising prices for the sale and rental of housing in Izmir accelerated the so-called "reverse migration". Mesut Güleroğlu, head of the Izmir Chamber of Real Estate Agents, said, referring to the statistics, that ordinary managers with a small salary or pensioners decide to leave the city centre or go to the...
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The RAMS Global developer is implementing its branded housing project in Gebze — RAMS Denizkent Bayramoğlu. This residential complex offers a variety of apartment layouts — up to 5 bedrooms (from 1+1 to 5+1), including duplexes. 3+1 real estate prices start at TL 6.95 million. The total area of the RAMS Denizkent Bayramoğlu project is...
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How is the market of real estate in Turkey emerging from the winter stagnation into a “thaw”? According to Endeksa, a real estate valuation portal whose data is considered highly accurate, the annual increase in housing sale prices across Turkey as of March 2024 is 57%. At the time of writing, the average sale price per 1 m² of residential...
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The Bahçeşehir Gölvadi Housing and Construction Cooperative (HBC) project has officially started. Moreover, it is really huge: 2,500 residential units will appear here. Based on the average of three people per apartment, the total estimated number of residents is 7,551. The HBC infrastructure will also include 17 stores. The total amount of...
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New details of the Shelton Bodrum project for 104 villas, which is being built on a plot of 30,000 square metres, have been revealed. Abdullah Kirkincioğlu, Chairman of the Board of Directors of Shelton, explained the process of creating the project on their property in Bodrum, in response to growing demand for horizontal architecture,...
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In 2023, property sales to foreigners in Turkey halved to 2.9%, as per the latest data. This decline continued in February, with the number of transactions with foreign investors dropping to 2%. Overall, the total volume of sales in the country fell by 17.5%. However, analysts expect property prices to rise. This is attributed to an increase...
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Analysts have put together a list of the 5 most comfortable places to live in the Turkish Republic of Northern Cyprus (TRNC), due to the increasing investment interest in the region. Kyrenia (Girne). It serves as a significant hub for culture and economy in Northern Cyprus, bustling with activity from students and tourists, though it may be too...
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Alanya has built a new children's park of 900 square metres in Oba. This is one of the most densely populated areas of the resort town. There is a larger space available for a variety of outdoor activities, which includes rope climbing towers, a playground designed like a "rope park", a swing for mothers and babies and picnic areas. In addition,...
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