Coronavirus
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In the first 8 months of 2020, 1.25 million apartments and houses were sold in Turkey. Market experts predict that by the end of the year, another 0.5 million housing objects may be purchased. In this case, Turkey will set a new record in real estate sales - the annual sales result will exceed 1.5 million properties. The dynamics of sales of...
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Official data has been published on the monthly and annual growth in apartment prices in Turkey: in August, Turkish housing prices rose by an average of 2 percent, on an annualized basis - by 22 percent. The dynamics of price growth in the context of the coronavirus clearly demonstrates that it is profitable and promising to invest in real estate...
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Sales of Turkish housing to foreigners, which began to decline in March 2020 due to the coronavirus situation, rose in August after a five-month drop. So in August 2020, 3,893 real estate objects in Turkey were sold to foreigners: 8 percent higher than in the same period in 2019. Iranians, Iraqis and Russians are in the lead among August buyers...
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For eight months of 2020, a record number of residential real estate was sold in Turkey - 1 million 24 thousand 534 objects. This is 42.6 percent more than in the same period (January to August) last year. Turkish home sales have surged despite the coronavirus pandemic. According to data published by the Turkish Statistics Institute (TUIK), in...
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The coronavirus pandemic has provoked a dynamic growth in demand for detached houses and land plots on which you can build a house and run a farm. According to Emlak Kulisi, the construction and real estate newspaper in Turkey, many Turks today either buy land plots and build houses on them, or sell their city apartment to buy a house in the...
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Turkey has thoroughly prepared to sell real estate to foreigners without any problems even with closed borders and other restrictions related to the coronavirus. In the coming days, the cadastral authorities of the Republic will begin to execute all transactions remotely: a special application, which was launched in mid-January, will now work in...
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The pandemic has changed the requirements of real estate buyers in Turkey: people began to give preference to houses with large balconies, with a garden, as close to nature as possible. How has the concept of a safe and comfortable home changed in the wake of the coronavirus pandemic? Five criteria for a healthy home were listed by Kayhan...
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The Minister of Environment and Urban Development of Turkey Murat Kurum has announced that the Republic will soon take measures aimed at reducing the cost of new housing. The main step in this direction will be the 100% use of Turkish building and finishing materials. If the country produces all required construction materials ad use them in...
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Perhaps the main event of the week was the entry into force of the new rules that regulate the work of realtors in Turkey. Since August 31, only licensed agencies have the right to sell or rent apartments in Turkey: realtors who advertise their properties on social networks without new permits will face heavy fines. The authorities hope that the...
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The international real estate analytical portal Global Property Guide has published data on the global growth rates of house prices in the second quarter of 2020. The report covered 49 countries, in 33 of them property prices rose in line with inflation despite the coronavirus pandemic. A steady rise in prices was observed in Thailand (+ 8.16...
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