News

  • Housing in Izmir and Ankara rises by almost a third in a year

    According to the latest research by Knight Frank, residential real estate in Turkey has significantly risen in price over the past year. In the world ranking of cities with the largest increases in property prices, Izmir and Ankara became the second and third with the growth rate of 27.8% and 27.2%, respectively. Istanbul was ranked the fourth with...

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  • New houses to have mandatory rainwater harvesting system

    The Ministry of Environment and Urbanization of the Republic of Turkey insisted on building a rainwater harvesting system on the roof of newly constructed buildings. The corresponding Amendments to the Zoning Regulations have already been published on the official websites. According to the amendments, now, taking into account the growing problem...

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  • KOCAELI ACQUIRES ITS OWN CABLE CAR

    On 26 February 2021, a tender will be held in Turkey for the right to implement Kartepe Teleferik- the cable car in Kocaeli. Tender organizer is the local municipality. The project is considered very promising; it is expected to contribute to Kocaeli transport structure development. The planned length of the cableway which will stretch between...

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  • PROPERTY TAX IN TURKEY: WHAT IS IMPORTANT TO REMEMBER

    Someone who wants to move to Turkey prefers not to buy propert but to rent - at least for that period, while they are choosing a city and region to their mind. This is especially important when you are moving as a family, and you have to choose a place of residence considering children health (https://turk...

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  • OVER 10 MILLION BUILDINGS IN TURKEY ARE GUARANTEED AGAINST EARTHQUAKES

    Mustafa Hakan Özelmacıklı, CEO of Altın Emlak, a real estate sales and rental company (a division of ALTIN Şirketler Grubu) has made an important statement recently regarding the number of compulsory earthquake insurances issued for houses. In November 2020 alone - after the notorious October events - 971,895 documents were issued. By the end...

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  • Real estate in Turkey: top news of the week (8-14 November)

    While the world is going through the second wave of pandemic, Turkey looks pretty calm and safe. Thanks to the development of the healthcare system and the dynamic construction of a huge number of new hospitals, Turkey can today guarantee timely medical care not only for its own residents, but also for foreigners. How many houses and apartments in...

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  • Turkey tops the list of countries with most accessible housing

    Comparethemarket.com, a well-known British online platform for price comparison, has published the TOP 10 countries with the most attractive housing prices, taking into account the purchasing power of its residents. Real estate in Turkey is in the first place in terms of affordability (the ratio of the cost per square meter and the income of an...

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  • Absolute record: more than 2 million apartments sold in 10 months in Turkey

    In the first ten months of 2020, a record number of properties was sold in Turkey - 2,241,850 units. The total value of sales was 414,308,468,608 TL. This information was published by the Main Cadastral Department of the country. In October, despite the gradual cancellation of the mortgage program, the growth of real estate sales in Turkey did not...

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  • Foreigners spent $6.7 bln on real estate in 2020

    From January to September 2020, residents of different countries bought houses and apartments in Turkey for $ 6.7 billion. Market experts believe that the annual volume of real estate sales to foreigners will reach 7 billion. In total, from January to September, foreigners purchased more than 26,000 units in Turkey. Contractors and property sellers...

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  • Opposition politician gets Turkish citizenship by property investment

    Former deputy of the Republic of Moldova, oligarch Vladimir Plahotniuc got Turkish citizenship by investing in property. Having left his country, the Moldovan politician secured himself by obtaining a Turkish "golden passport". Until June 2019, Plahotniuc ruled the Republic of Moldova, being one of the richest people in the country. In the summer...

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