News and articles
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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...
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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...
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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...
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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...
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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...
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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,...
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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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