News and articles
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An auction for the sale of housing at discounted prices in the capital Ankara and the largest metropolis of the country Istanbul was announced by a large financial organization, Halkbank. And not just at reduced prices, but almost at ridiculous prices: from 220,000 Turkish lira (TL) in total. This is explained by the fact that Halkbank...
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The fee for small apartments in Istanbul has increased to 900 TL. This caused an extremely violent reaction among the residents of the megalopolis; not only did the payments for renting apartments skyrocket, and the payment for communal services (water, electricity) – by 30%, so now also aidat. However, unlike the cost of electricity, gas...
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İzmir Office of the Ministry of Environment, Urbanisation and Climate Change announced the upcoming sale of 50 residences in İzmir Province. Their value starts at only 580,000 Turkish Liras (TL), although they are located in upscale districts, such as Karşıyaka, Karabağlar, Aliağa, and Konak. The highest starting price is half a million (TL 1.49...
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Şeker Şile Evleri, a new up-market project in Şile, is already much coveted. Optimal Project Management was selected as the contractor via a tender held by Şeker Real Estate Investment Trust (REIT). Şeker Şile Evleri will be built in Istanbul Province, Şile seafront district, Çayırbaşı neighborhood. The tentative design was approved by the Şile...
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Some time ago, the authorities concerned about a sharp surge of rental rates officially declared that the rent may not be increased by more than 25% upon extending long-term lease contracts in the period of June 11, 2022 through July 1, 2023. However, the inflation rate in Turkey reached +78.62% per annum (based on the consumer price index) and...
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A sharp surge of the rent encouraged many owners of summer houses to review their priorities. Summer houses in Turkey are owned by many families with medium and above-medium income; these properties are comfortable enough to live there all year round. It’s just that they are usually located on the seaside and simpler furnished, etc. So now, when...
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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....
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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...
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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...
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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...
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