Ankara
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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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The Office of Mass Housing Construction (TOKI) with the support of the Ministry of Environment, Urbanization and Climate Change, officially announced the launch of its two new projects in the Turkish capital, Ankara. Tenders to find a contractor for these projects will be held in February and March 2024. One new residential complex from TOKI will...
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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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A good opportunity has appeared for those wishing to purchase land in Ankara and the surrounding area: the Ankara Municipality has put up for auction 21 land plots belonging to it at once. In addition, 3 jobs and 1 residential residence were put up for auction. The proposed plots are located in the districts of Chankaya, Chubuk, Etymesgut,...
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As usual on Fridays, we bring to your attention a digest of news in the field of residential real estate and construction in Turkey over the past week. The housing rental market continues to boil without subsiding; one of the key news is that the 25% limit on rent increases per year under long-term contracts has been extended, and this has...
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A new residential complex for 353 residences will appear in Ankara, the capital of the Republic of Turkey. In addition to housing, 85 stores are planned here. The complex was named ONYX Ankara; the place for it was chosen in Sinjan. The preliminary project has already been approved, and the Ministry of Environment, Urbanization and Climate...
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