Coronavirus
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Despite the consequences of the coronavirus pandemic, sales of residential real estate in Turkey to foreigners have increased, says the Emlak Kulisi newspaper. So in September, foreigners from different countries bought 5,269 apartments and houses in Turkey (26 percent more than in September 2019). In nine months of 2020, foreigners bought 26,165...
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In Turkey, land plots and detached houses in the secluded areas continue to rise in price. How long will the rise in price last? Is it profitable to invest in real estate in Turkey right now or is it worth waiting for a price rollback? What about apartment prices? Check out these and other forecasts and the top news of the week on Turk.Estate...
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Home sales in Turkey decreased in September 2020 by 6.9 percent compared to the same month last year and amounted to 136,744 objects. If we consider the results of the first nine months of 2020, then sales increased by 34.2 percent and amounted to almost 1.2 million housing units. Experts expect 1.4 million apartments and houses to be sold by the...
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The construction sector in Turkey is the only industry that is currently increasing the number of employees in the context of the coronavirus pandemic. According to the Turkish Statistical Institute (TUIK), as of July 2020, the number of people employed in the construction sector increased by 114,000 people (or 7.3 percent excluding seasonal...
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Foreigners again began to actively buy houses and apartments in Turkey. Market experts attribute the fall growth in demand to the fact that many foreigners, for example the Middle East, are eager to move to Turkey, at least for the new outbreak of coronavirus. What happened in the Turkish housing market this week? The top property news in English...
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Despite the restrictions associated with the coronavirus pandemic, which has affected the whole world, sales of houses and apartments in Turkey to foreigners have increased for five months in a row. According to the Anadolu news agency, in March 2020 home sales to foreigners began to decline and by April reached the lowest level in the last seven...
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A report on the state of the construction industry in Turkey has been published: the sector that has gone through a very difficult period due to the coronavirus pandemic is now under pressure from rapidly growing costs. An increase in the exchange rate is also becoming a negative factor for the industry, which is reflected in the cost of imported...
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The coronavirus pandemic continues to affect the preferences of property buyers in Turkey. Today, the greatest demand is for houses with a garden, spacious duplex apartments and, most of all, housing with large balconies. According to Emlak Kulisi, a specialized publication on construction and real estate in Turkey, over the past six months, the...
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Turkey continues its transformation into a country of parks and gardens. The Minister of Environment and Urban Development of Turkey, Murat Kurum, told reporters that public gardens are being developed in 77 provinces, the total area of new public green spaces will be 50 million square meters. Murat Kurum: “In 2018, our President announced that...
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Affected by the pandemic, construction companies in Turkey are gradually returning to their usual rhythm of work. This has been said by Emlak Kulisi, the construction and real estate newspaper in Turkey. The COVID-19 pandemic has caused enormous damage to the Turkish construction industry. During an pandemic, sales of new homes practically stopped,...
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