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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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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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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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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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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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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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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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More than 10 thousand earthquake hazardous buildings have been found during inspections and demolished in Antalya and Alanya since 2013. Almost 169 million TL (17.6 million euros) was spent on resettlement of residents whose houses were deemed hazardous. Since 2012, an urban transformation program has been operating in Turkey. The goal of the...
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Turkey's construction and real estate sector has been on the rise for six months, according to the Concrete Producers Association (TRMCA). The sector performance report for 2020 shows a five-month growth (June to October). Therefore, market experts predict that the sector will end this challenging year in positive territory, despite the economic...
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According to TurkStat, sales of houses and apartments in Turkey in September increased by 19.9 percent compared to August and decreased by 6.9 percent compared to September 2019 sales. The annual growth in property prices in Turkey recorded at the beginning of October 2020 amounted to 25.8 percent. The average cost of an apartment in Turkey was...
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