News and articles
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The Department of Mass Housing Construction (TOKI) pleased residents of Aydin province with the message that a little less than eight hundred budget residences will be distributed here. Namely – 756, in three districts at once. TOKI does not stop holding tenders for the construction of new housing across the country, as the goal is 1.2 million new...
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According to the statistical report published today, home sales to foreigners in June 2022 almost doubled compared to the same month last year (+81.8%): 8630 transactions took place in the sixth month of the year. As a result, the share of transactions with foreigners in total sales amounted to 5.7% - an unprecedented indicator before. As...
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2022 will be an unforgettable year for many investors in real estate in Turkey due to the changing rules regarding upgrades, additions, etc. This began in the spring, when in mid-April the authorities announced that the minimum financial limit for obtaining citizenship for investments would be raised from $250,000 to $400,000. A month later, they...
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Kayseri Municipality announced the sale of residential real estate at a price of only 0.75 million Turkish lira (TL). The format is 2+1 and 3+1 (with two and three bedrooms), with an area of 121 to 175 square meters. Lots 2+1 are estimated at 0.75-1 million TL, 3+1 – in the range of 1-1.25 million TL. In addition to 32 apartments,...
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A rare opportunity has appeared for investors in Antalya, where land plots are now being sold at a cost starting from just under seven thousand Turkish lira (TL). Allotments are offered in the following districts of the province: Elmaly, Kash (an expensive resort village near Antalya), Korkuteli, Serik (near Belek), Manavgat (near Side) and...
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The downtrend in rebar prices observed some time ago is finally over: after the rates hit the bottom recently, the cost of iron started rising again. It should be specified that plants were offering prices in the range of USD 600 – USD 620 VAT exclusive for a while. Now the rates are rising and have already reached USD 640 VAT exclusive or even...
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Citizens of the Russian Federation accounted for the greatest amount of real estate purchased in the Republic of Turkey, compared to all other foreigners. This trend will probably continue, particularly since Aeroflot Airlines made it simpler to get to the Aegean Coast, where resort properties are also in very high demand among Russian investors...
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Adil Karaismailoğlu, Minister of Transport and Infrastructure, reported that on July 9, 2022 (the first day of the Kurban Bayramı holiday this year), the Antalya Airport set a new record by receiving 1,034 airplanes. The previous historical high was 1,026 airplanes on July 2. The total passenger traffic on July 9 was 182,150 people, 19,666 of them...
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Read a selection of the most relevant news of the country’s real estate market in our traditional digest published by Turk Estate before the weekend. Come July, analysts started summarizing the results of the first half-year. Over 6 months of 2022, more than 1.6 million properties were sold in Turkey, including residential, commercial, office...
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A zoned land plot in Üsküdar District (Istanbul) is on sale. The seller is the Üsküdar Municipality. Bidding will take place on July 21, 2022. The estimated value of the land plot is 30 million Turkish Lira (TL); the collateral is TL 900,000. As for potential applications of the area, it is extremely promising for such a location and price: the...
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