Antalya
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Antalya Airport, which is being actively expanded and modernized, has set another record. On July 31, 2022, the media reported that on the eve of the air hub, 1069 aircraft «passed» through itself during the day. The previous record was also marked in July of this year, when about 1030 boards arrived or flew during the day; a little earlier - on...
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The Ministry of Environment, Urbanisation and Climate Change and Real Estate Regulation and Supervision Agency listed a land plot in Korkuteli, Antalya Province. Many buyers are interested because its location makes the land plot suitable for residential development – an important factor for a resort region. There are 856 square meters of land....
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Please see below the most relevant news on the Turkish real estate and construction market over the past seven days. The two key themes of the week were definitely “rent” (just like in previous weeks, actually) and “real estate sales to foreigners”. Home rental rates in Antalya Province, the most in-demand one in Turkey since the start of the...
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Construction work goes on day and night to complete the Cultural Center in Mahmutlar (a town near Alanya in Antalya Province). Adem Murat Yucel, Mayor of Alanya, visited the site in person a few days ago to check the quality of construction. The Cultural Center that Mahmutlar badly needs, as the Mayor reminded, is supposed to be commissioned in...
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Antalya is undoubtedly popular: from 2017 to 2021, it accounted for 20.2% of housing purchase and sale transactions with foreigners out of 206,768 such transactions across Turkey. It is curious, though, to look at nationalities of foreign investors who preferred this region. Selman Özgün, Chair of the Board at Helmann, noted that over the past 5...
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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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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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A rare opportunity has appeared for investors in Antalya, where land plots are now being sold at a cost starting from just under seven thousand Turkish lira (TL). Allotments are offered in the following districts of the province: Elmaly, Kash (an expensive resort village near Antalya), Korkuteli, Serik (near Belek), Manavgat (near Side) and...
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Adil Karaismailoğlu, Minister of Transport and Infrastructure, reported that on July 9, 2022 (the first day of the Kurban Bayramı holiday this year), the Antalya Airport set a new record by receiving 1,034 airplanes. The previous historical high was 1,026 airplanes on July 2. The total passenger traffic on July 9 was 182,150 people, 19,666 of them...
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Read a selection of the most relevant news of the country’s real estate market in our traditional digest published by Turk Estate before the weekend. Come July, analysts started summarizing the results of the first half-year. Over 6 months of 2022, more than 1.6 million properties were sold in Turkey, including residential, commercial, office...
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