News and articles
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According to a freshly published study, there are no rental apartments left for workers who receive the minimum wages of around 5,000 Turkish Liras (TL). The average rent for homes in major, most sought-after districts, such as Kadıköy in Turkey’s largest megalopolis, has exceeded TL 19,000 and currently equals TL 19,450. As of the end of June,...
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Construction of the tallest building not only within Turkey but also in the whole Europe is successfully approaching completion in the country’s largest megalopolis. The 59-story building located on a 15,960 sq m land plot will accommodate the Finance Center. Its total floor area is 350,000 sq m, the height is 310 m and the height with the antenna,...
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REIDIN has published a rating of moving house within Turkey in the second quarter of 2022. This statistical data shows the preferred districts and those with the most “rolling-stone” residents. The rating also highlights relevant trends concerning the reasons for moving. The number of tenants moving house has grown considerably this year compared...
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Please see a selection of the most relevant news in the real estate market of the Republic of Turkey in our daily digest. The height of the summer season coincided with the roaring demand in both tourist and housing markets. On the first day of the national holidays, the Antalya Airport set a new record, having received 1,034 aircrafts over 24...
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At the beginning of summer, the real estate portals Endeksa and Emlakkulisi published data for June 2022 (which was outstanding in terms of the month's sales), for the second quarter/half of the year. A remarkable 150,509 housing units were sold throughout Turkey in June. The volume of transactions increased by 23% compared to the previous month...
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The updated prices for factory-made houses (i.e. ready-made and delivered from the plant, requiring only “construction-set” assembly on site) have been published. You might remember that these prefabricated buildings remain one of the most sought-after products in Turkey’s residential construction: they are far cheaper to assemble than building a...
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The statistical office of the European Union (Eurostat) shared the final data for the first quarter of 2022. According to these numbers, Turkey was the country with the fastest-growing home prices across all Europe over that period. Residential property in the Republic of Turkey became 110% more expensive, while prices in 25 European Union...
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The staggering growth of rental rates forces people to look for various solutions. Some move from the familiar district to a cheaper one; others, from a spacious residence to a smaller apartment. Those who can no longer afford the whole rent for an apartment are looking for roommates, and this becomes increasingly widespread among people of...
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Tahincioğlu Holding has announced the start of the pre-sale period at Nidapark Gündoğan in Gundogan (Bodrum, Mugla Province), with a breathtaking view of Gundogan itself. The Nidapark Gündoğan project is under implementation. Recall that the developer recently announced the start of sales in a project under the same brand - Niddapark Göcek in...
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Highest- and lowest-selling cities In June 2022, 150,509 residential units were sold in Turkey. June sales were 11.7% higher than on the same month last year. Istanbul boasts the best performance with 27,988 sales transactions and accounts for 18.6% of their total number. Istanbul is followed closely by Ankara (13,303 transactions, an 8.8%...
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