Ankara
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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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REIDIN has published a rating of moving house within Turkey in the second quarter of 2022. This statistical data shows the preferred districts and those with the most “rolling-stone” residents. The rating also highlights relevant trends concerning the reasons for moving. The number of tenants moving house has grown considerably this year compared...
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According to the statistical report published today, home sales to foreigners in June 2022 almost doubled compared to the same month last year (+81.8%): 8630 transactions took place in the sixth month of the year. As a result, the share of transactions with foreigners in total sales amounted to 5.7% - an unprecedented indicator before. As...
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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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Residential property sales in Turkey have hit a record high in 2020. The sales rush was fueled by the special mortgage campaign that kicked off in late May. The most popular options among property buyers in Turkey are apartments worth from 400,000 to 800,000 TL (€41,000-82,000), and the most popular floor plans are 2+1 and 3+1. According to...
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For the first nine months of 2020, mortgage loans were issued in Turkey for 80 billion TL (about 8 billion euros). 52.5 percent of the total volume of real estate in Turkey purchased on a mortgage fell on four cities: Istanbul, Ankara, Izmir and Bursa. As reported by the Anadolu news agency with reference to the Turkish Banking Regulation and...
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In his speech to the people after the meeting of the Turkish Cabinet of Ministers (which took place today at the Presidential Palace), Erdogan noted the successful results of the construction and real estate industry in Turkey. According to the president, in the first nine months of 2020, sales of houses and apartments in Turkey reached 1.2 million...
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The most popular cities among foreign property investors in Turkey in 2020 include Istanbul, Antalya, Ankara, Bursa, Mersin, Yalova, Sakarya, Izmir, Samsun and Aydin. The Turks topped the list of the most active buyers this year (thanks to the mortgage campaign), followed by nationals of Iran, Iraq, Russia, Kuwait, Kazakhstan, England, Azerbaijan,...
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