News and articles
-
The Ministry of Environment, Urbanisation and Climate Change and Real Estate Regulation and Supervision Agency listed a land plot in Korkuteli, Antalya Province. Many buyers are interested because its location makes the land plot suitable for residential development – an important factor for a resort region. There are 856 square meters of land....
Read more -
Please see below the most relevant news on the Turkish real estate and construction market over the past seven days. The two key themes of the week were definitely “rent” (just like in previous weeks, actually) and “real estate sales to foreigners”. Home rental rates in Antalya Province, the most in-demand one in Turkey since the start of the...
Read more -
Construction work goes on day and night to complete the Cultural Center in Mahmutlar (a town near Alanya in Antalya Province). Adem Murat Yucel, Mayor of Alanya, visited the site in person a few days ago to check the quality of construction. The Cultural Center that Mahmutlar badly needs, as the Mayor reminded, is supposed to be commissioned in...
Read more -
Antalya is undoubtedly popular: from 2017 to 2021, it accounted for 20.2% of housing purchase and sale transactions with foreigners out of 206,768 such transactions across Turkey. It is curious, though, to look at nationalities of foreign investors who preferred this region. Selman Özgün, Chair of the Board at Helmann, noted that over the past 5...
Read more -
According to Eurostat, Turkey’s home prices (for both purchase and rent) are almost the fastest-growing in Europe. Turkey is an undisputed leader by selling prices but other countries compete with it by rent rates (at least according to official data). For instance, the rent in Turkey grew by an average of 20% across the country, which is less...
Read more -
Housing sales in Turkey are finding new momentum quickly to make up for stalling over the two previous pandemic years. The recently published sales performance for June 2022 is more than positive. For instance, the number of residential properties sold over half a year, since January, has been almost a third larger (31.4%) than over the same...
Read more -
Despite all efforts, the Turkish Government is still unable to curb the rapid price hikes. Habertürk quotes statistical agencies reporting that the “official” annual rent increased by only 20%. However, the actual difference is far greater: listed apartments are now 2.5 – 3 times more expensive than a year ago, and the prices haven’t reached the...
Read more -
Some investors selecting seaside homes in Turkey opt for the Aegean Coast, which is famous for its milder climate. There are many locations in this area to choose from besides Antalya, Alanya, Kemer, Side, and Belek on the Antalya Coast with its too-hot summer and high humidity. Most people who have never lived in Turkey are only aware of the...
Read more -
The real estate market in Bodrum is having a really intense season in 2022. To a significant extent, it is ramped up by sales to foreign investors who are very interested in Muğla resorts, particularly Bodrum, despite the rapid price surge. Dağlarca Çağlar, member of the Board at Çağdaş Holding, explained that every fourth real estate transaction...
Read more -
Requirements to applying for an initial residence permit are being continuously updated. On specialized Telegram accounts, local residents are sharing that in Istanbul, persons applying for a first-time residence permit are getting SMS messages inviting them to pass social adaptation courses in Turkey. The word “inviting” is not exactly correct,...
Read more