Ankara
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According to our tradition, we publish every Friday the latest news about real estate, construction and transport infrastructure in Turkey over the past week. Last year's economic difficulties continue to affect the entire sector. For example, the number of building permits issued has tripled compared to the annual average several years ago...
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Mansur Yavaş, the mayor of the metropolitan municipality, pleased the residents of the capital with good news: the authorities have launched a new round of investments in the development of the metro in Ankara. The city will expand the M2 line with a length of 9.36 km, consisting of 5 stations (Koru-Yaşamkent and Koru-Bağlıca), and the M4 line...
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The Office of Mass Construction (TOKİ) is launching four new campaigns with the support of the Ministry of Environment, Urbanization and Climate Change. Four residential complexes will be built in Istanbul and Ankara for low-income families. Tenders for all four projects will be held in late February and March 2024. The total number of apartments...
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159 plots of land have been auctioned in the provinces of Biledžik, Şanlıurfa and Ankara. Local municipalities offer them for sale. So, there are about several plots in Biledžik, the price of which ranges from 120,000 to 572,000 TL. Their area is from 277 to 5,250 sq. m. The municipality of Şanlıurfa sells 150 plots for residential development....
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The average price per housing unit in Istanbul has exceeded 4 million TL, analysts say. According to Endeksa statistics, the annual increase in the cost of housing was 73% at the end of December in Istanbul. The average price per 1 sq. m in the largest metropolis of Turkey is 36,262 TL, and the average cost of one residential lot is 4,170,130 TL...
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This weekly compilation brings you the most important news from the real estate market in the Republic of Turkey. With summer in full swing, it's no surprise that rental housing prices on the Aegean coast have increased by up to 80%. The climate in this region is drier, making it easier to tolerate the current abnormal heat. This price growth...
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A brand-new project, Next Capital, will be constructed in Ankara, the capital of Turkey. The project, developed by Zeray İnşaat, will consist of 491 residences and 91 commercial premises. The declared value is 1,950,120,329 Turkish Liras (TL). The complex will be built on a land plot of 34,769 sq.m., with a total building area of 183,109 sq.m...
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After the rent increase limit for the next year (25%) was extended for another year. Until the summer of 2024, it was decided to determine the limit for raising the aidat. A little earlier, in order to prevent disputes between tenants and owners, the maximum threshold for increasing the rental rate was extended by 12 months, according to a...
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Detailed statistics of house sales in Ankara for May 2023 have been published; figures for another Turkish metropolis, Bursa, were announced a little earlier. The number of sold residential units for the month exceeded 11,000: 11,196 lots. Among these, 3,774 residences were purchased by buyers who resorted to mortgage lending....
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. The rental housing segment continues to be somewhat feverish, and the authorities continue to make attempts to cope with this phenomenon and take the main processes under control. It has already become known that the...
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