News and articles
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The volume of residential real estate sales collapsed almost all over the world – but Turkey was not affected. The Republic has become one of the few states where the volume of transactions for the purchase and sale of residential real estate continues to grow in parallel with the increase in prices for it. Recall that only in Istanbul, residences...
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The problem of renting housing, which has escalated to the limit, primarily concerns the province of Antalya and key cities on its territory: after all, most of the new settlers have been coming here since February. Alanya turned out to be the place where, as the construction market players have long promised, the «rental bubble» burst first due to...
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A selection of the most relevant news of the country's real estate market is in our weekly digest. In the midst of the economic crisis, complicated by the consequences of the pandemic, Turkey has become the world leader in terms of house price growth. By the way, over 20 years, Turkish builders have implemented projects...
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Announcing separate programs within the framework of the social housing project, which is planned to be provided to more than a million citizens, Turkish President Recep Tayyip Erdogan said that now the newlyweds, in particular, will have a chance to quickly get an apartment. Young men and women who marry are often still students or have...
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Since 2003 – that is, over 20 years - Turkish contractors have carried out $458.4 billion worth of work abroad. Namely, on the territory of 131 countries. The quality of Turkish construction has become famous all over the world, and the number of orders is increasing. In particular, the total cost of 132 projects implemented in the first six...
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The growth rate of housing prices in the largest Turkish metropolis, where real estate rose by 12.4% in May alone, amounted to 145.5% over the past year. Adjusted for inflation – 41.4%, but it is still a record level, writes Habertürk. The columnist of the publication Abdurrahman Yildirim clarified that the price for an average residence with an...
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The president of the Istanbul Chamber of Realtors Nizameddin Asha expressed confidence that during the year exorbitant rental rates will still fall: «The rent for housing at the current cost of 10,000 Turkish lira per month will be reduced to 6,000-7,000». Mr. Asha explained this to the press by saying that, in his opinion, the «fever period» in...
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Another interesting housing project will appear on the territory of Antalya province, in the popular Konyaalti district. After the beginning of the conflict between Russia and Ukraine, the Antalya region was filled with foreigners. By the way, it is in Antalya that Russians and Iranians (from among foreign investors) buy the most housing...
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The Office of Mass Housing Construction TOKI continues to invest at full speed in a program to provide a maximum of residents with average and below average incomes with their own housing. Recall that the goal of this program is to provide 1.2 million residences across the country to those in need by 2023. So, in Konya, the Konya...
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In the largest Turkish metropolis, a 200% increase in the amount of rent was recorded for the period from January to July 2022. The recent innovation, which does not allow to bully the tariff when extending long-term contracts for the next year, has not yet managed to normalize the situation. But the tenants are especially upset by...
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