News and articles
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The Emlak Konut GYO Investment Fund has published an official sales report for the first quarter of 2024. Real estate transactions without VAT amounted to TL 6,226,619,568 from January 1 to March 31, 2024. The total area of 675 sold lots was 77,545 square metres. Moreover, foreign buyers made 37 transactions in the first quarter totalling TL 458...
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It has been officially announced that the KIPTAŞ construction company will provide Istanbul residents with at least 50,000 new residential units as part of an urban transformation programme that has affected the entire country or 81 provinces. KIPTAŞ CEO Ali Kurt said that these apartments would be located in the Kartal, Sarıyer and Beykoz...
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A great deal was made in April: Istanbul's Torun Tower, one of the largest office buildings in the metropolis and throughout Turkey, and resembling Trump Tower in the USA, became the property of the Turkish bank Denizbank. Torun Tower was owned by Torunlar GYO — its real estate portfolio is worth TL 82.7 billion, and the net asset value is TL 35.6...
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We continue the series of articles about Northern Cyprus. Today we will discuss the key moments in life and moving. Content: Residence permit of Northern Cyprus Why you should choose the TRNC for permanent residence Why it is profitable to buy an apartment in Northern Cyprus TRNC: about the districts in a nutshell Residence permit of...
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Turkish social networks were blown up by information that the house has 4 bedrooms and 2.5 bathrooms (two bathrooms and a "guest" toilet) in Texas, USA, and a smaller apartment in Şişli, with only 2 bedrooms, are equal in price. If Turkish real estate was considered one of the cheapest in the world ten years ago, prices have been rising rapidly in...
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We recall the most significant news of the residential real estate market over the past week. Moreover, a detailed transaction report for March and the first quarter of 2024 has recently been published, so there are certain trends. The key countries, where citizens buy the most residential real estate in Turkey, have not changed for many months:...
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The average price per housing unit in Turkey has exceeded TL 3.2 million. Buyers may be unhappy with this, but investors are happy. The fact that the average payback period for investments in residential real estate in the country has been reduced to 15 years, and in some provinces to 11-12. According to the Endeksa real estate analytical portal,...
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The consequences of the earthquake in February 2023 lie in the negligence of developers or the authorities. The inspections revealed that up to 30 per cent of the Turkish population lived in buildings that either partially or completely did not comply with the regulations or were built illegally without a permit. "We are not afraid of earthquakes:...
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The Turkish authorities announced their plans to finance for workers’ housing (lojman) from the budget and review building sites. These measures will be implemented by determining the cost of renting/selling properties and land plots on which these "workers' dormitories" are located, which are called lojmans in Turkey. However, there is an...
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The resort season in Turkey has already begun, even earlier than usual this year, thanks to a mild winter. Considering that some property owners prefer to expedite their return on investment by renting out their apartments and houses during the summer, when monthly, weekly, and especially daily rental prices can be higher compared to long-term...
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