News and articles
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Antalya Airport, which is being actively expanded and modernized, has set another record. On July 31, 2022, the media reported that on the eve of the air hub, 1069 aircraft «passed» through itself during the day. The previous record was also marked in July of this year, when about 1030 boards arrived or flew during the day; a little earlier - on...
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In Turkey, a long-awaited action has been launched by many: the sale of so–called «service» housing (lojmans), within which you can buy, in particular, duplex apartments with their own access to the garden. Almost simultaneously, announcements appeared in a number of provinces that such lojmans were put up for sale. This public housing is...
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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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