Ankara
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One by one, municipalities put up residential real estate owned by them, but not used for one reason or another, for sale at prices favorable to the population. One of the reasons is that after the «jumps» in fuel prices and noticeably increased electricity bills, it became difficult for local government agencies to balance their budget. Lots at a...
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The Office of Mass Housing Construction TOKI, as part of a nationwide project to provide citizens with affordable housing, is implementing a total of 589 more apartments in five new projects at once, all on the territory of the Turkish capital. The districts already selected for this are Gyudul, Chankaya, Nallyhan, Bala and Chubuk. Thus,...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in the traditional digest from Turk Estate for the last seven days. The past week was rich in significant events in the field of transport and social infrastructure. For example, a modern and currently the largest public hospital in...
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President Recep Tayyip Erdogan has officially announced the opening of another city (i.e., state) hospital in Turkey, as part of a project to provide similar hospitals to a maximum of settlements. Moreover, this hospital is now the largest in the country. A medical facility called Etlik has been opened in the capital of the republic; it...
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The Department of Mass Housing Construction (TOKI), with the support of the Ministry of Environment, Urbanization and Climate Change, continues to invest in new housing as part of a social project that has covered the whole of Turkey. Another landmark project, both in fact and in scale, will appear in the capital. A complex of almost...
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We present a traditional selection of the most iconic news of the week in the real estate segment of Turkey, which this time turned out to be quite non-trivial: It turned out that for Europeans, «wintering» in Turkey will save many thousands of euros if you move to the sea for several weeks or months - and when staying in a 4* hotel with meals...
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The Office of Mass Housing Construction TOKI proposed to erect houses on unused land belonging to the University of Ankara (ODTÜ), as it's empty anyway. The unoccupied meters are located within the boundaries of the campus, between the university building itself and the forest, and there are quite a lot of them. Thus, it is...
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The period of return on investment in residential real estate in most of the largest cities in Turkey is about 200 months, if it is rented out. However, in some localities, taking into account the jump in prices, this period has somewhat lengthened. The reason experts call a record increase in the cost of housing, caused in turn by...
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An auction for the sale of housing at discounted prices in the capital Ankara and the largest metropolis of the country Istanbul was announced by a large financial organization, Halkbank. And not just at reduced prices, but almost at ridiculous prices: from 220,000 Turkish lira (TL) in total. This is explained by the fact that Halkbank...
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Despite all efforts, the Turkish Government is still unable to curb the rapid price hikes. Habertürk quotes statistical agencies reporting that the “official” annual rent increased by only 20%. However, the actual difference is far greater: listed apartments are now 2.5 – 3 times more expensive than a year ago, and the prices haven’t reached the...
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