News and articles
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We present the most significant news of the real estate and construction segment in Turkey over the past week. At least two legal-related news deserve attention. Firstly, real estate agencies began to actively check for violations. Secondly, the authorities allowed the conversion of unclaimed offices into housing, in order to expand the...
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A number of offices are to be transformed into residential premises, according to Turkish media. This decision was made as part of a program to reduce the growth rate of real estate prices, for which it is necessary to replenish the «free housing stock» available to the local population. At the same time, many offices are now idle...
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More than 1.6 million contracts related to the purchase and sale of various real estate (not only residential) were concluded in Turkey in January-June 2022. Let's clarify that the data for seven months, taking into account commercial real estate, land for various purposes (fields, etc.) have not yet been announced. The total revenue...
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Turkey has started to gain more attention with the complication of property ownership in Europe and visa issues for Russians. This country used to be one of the focal areas in terms of acquiring a home. Today, it has on the shortlist. Previously the country was associated with the “cheap real estate” concept but now the association is completely...
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Recently, Turk Estate said that Alanya was the first city where the «rental bubble» of inflated prices burst. Housing rental rates began to decline in a number of provinces, gradually covering the entire country. Recall that over the past year, only according to official data, rent on average in Turkey has risen by 153%, and in four...
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Development and construction companies in Turkey have implemented projects worth about $6 billion abroad in just seven months of 2022, the Emlakkulisi portal reports. Other interesting figures: from 1972 to the end of July 2022, 11,293 projects worth $459.6 billion were successfully commissioned. Despite the political instability and the...
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The authorities have strengthened control not only over companies selling housing and real estate agencies, making sure that they work without violations and «in white», but also for individual owners who rent housing privately. So, in Alanya, a real estate owner was fined, who at various times rented his residence in Kestel to foreigners: it was...
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The number of transactions with foreigners in the first seven months of 2022 increased immediately by 57.4% compared to the same period (from January to July) of 2021. As for the nationality of the buyers, the Russians have been steadily leading for several months, having «pushed» the former recognized leaders in this matter: Iran and Iraq...
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Antalya, the «resort capital» of Turkey, a favorite of tourists and immigrants from many countries, will teach taxi drivers English, German and Russian. To begin with, at a basic level, but in any case, this initiative of the local authorities will greatly facilitate communication with users of taxi services. The Mayor of Antalya, Ersin...
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Despite the fact that the volume of housing transactions in July is slightly lower than in previous months, the figures for the first seven months of 2022 confirm positive trends in the construction market. Analysts compared the results of July with June, and on the exchange, sales statistics for January-July 2021 and 2022...
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