Coronavirus
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According to the data published in the quarterly real estate market report in Turkey, 624 thousand apartments and houses were sold in the country for the six months of 2020. What preceded this? The last quarter of 2019 (as well as the first two months in 2020) turned out to be quite busy for the Turkish economy and its commercial structures....
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Despite the fact that sales of Turkish real estate increased in the first half of 2020 by 23.5 percent compared to the same period in 2019, the share of foreign buyers was only 0.9 percent of the total number of transactions. The reasons for such a sharp decline in overseas investments are the coronavirus pandemic, restrictions on international...
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People's requirements to housing have considerably changed since the pandemic is no longer a bookish medical term but part of our reality. Now, working on new residential real estate projects in Turkey, architects and designers are trying to make housing as functional as possible: taking into account the latest needs and requirements dictated by...
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The engineering and construction company KDM, which provides construction, management and rental services for more than fifty shopping centres, has published a map of shopping centres in Turkey. According to the results of the company's research, in 2006-2015, 278 shopping centres were opened in the country, in 2016-2020 - 80 shopping centres. Now...
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When planning to buy an apartment in Istanbul, you should focus not only on the price of housing, but also on the aidat - the monthly costs of maintaining the complex and its facilities. In some housing estates in Istanbul, aidat has dropped by 10 percent during the pandemic, but in most of the districts it remains at a record high. Despite the...
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Turkey's mortgage campaign is ending. Turkey's authorities and banks managed to accomplish an economic miracle in three months: to attract personal savings of residents to the real sector of the economy affected by the pandemic. How is the Turkish real estate market performing today? The top property news in English on Turk.Estate. In June and...
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After the pandemic, Turkish young people and white-collar workers who had not previously considered land plots as an investment option began to invest in land after the pandemic. Emlak Kulisi, a real estate publication in Turkey stated that over the past ten years, the average age of investors in land in Turkey has dropped significantly, today the...
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At the end of August 2020, the special mortgage campaign in Turkey will expire. This campaign started at the end of May and caused a stir in the Turkish real estate market. Property buyers in Turkey have been offered the lowest interest rates in history, deferral of payment for a year or two and the longer loan terms. During the mortgage campaign ,...
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In Istanbul, during the coronavirus pandemic, the demand for residential real estate located on the shores of the Bosphorus has increased - luxury homes with gardens, which are one of the symbols of Istanbul. On both sides of the Bosphorus, the coastal zone of low-rise buildings hosts 600 mansions with gardens, 366 of which are historical buildings...
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By 2023, 39 new shopping centers will have been launched in Turkey. This news has been announced by Doctor of Science, Professor Husein Altash, who heads the Association of Shopping Centers and Investors of Turkey (AYD). Now there are 436 shopping centers in the Republic, and by 2023 there will be 475 of them. The flow of investments in this area...
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