Coronavirus
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Incredible as it may seem, the coronavirus pandemic has revived the real estate market of the most fashionable and prestigious Turkish resort, Bodrum. The wealthy residents of large cities, tired of quarantine, began to massively buy villas and apartments in Bodrum. The Turkish real estate publication Emlak Kulisi reports that the rise in apartment...
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Real estate sales in Turkey in the first half of 2020 amounted to 1,058,448 housing units, despite the coronavirus pandemic and related restrictions. These figures have been published by the Anadolu news agency. Most of the apartments were sold during this period in Istanbul (150,699 objects), the second place was taken by Ankara (93,511 objects),...
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Over the past five years, 148,996 houses have been sold to foreigners in Turkey. Turkish specialized media published statistics on the interest of foreigners in Turkey's real estate: citizens of 145 countries have bought 148,996 apartments and houses over the past five years. The largest number of buyers turned out to be residents of Iraq....
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Turkey is experiencing a dynamic rise in prices for secondary housing. How have prices changed in 2020? In which cities and provinces is the secondary housing sold most often? How much does a square meter cost in different cities in Turkey? By the end of 2020, Turkey will be able to claim the European leadership in the number of real estate...
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This forecast has been given by Turkish developers and realtors, expecting that with the opening of a number of international destinations in August 2020, the volume of home sales in Turkey to foreigners will sharply increase. The sellers’ forecast is that sales to residents of other countries will increase from 45,483 objects (last year's result)...
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Home sales to foreigners in Izmir, Turkey's third largest and most popular city, have skyrocketed because of buyers from Iran. According to market experts, many Iranians buy real estate in Turkey in order to get the citizenship of the Republic for the whole family at simplified terms. Buying an apartment in Turkey for 250 thousand dollars,...
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The Turkish media warns holidaymakers that scammers have become more active online attracting people with advertisements for cheap villa rentals in Turkey. It has been reported that the scammers duplicate the websites of well-known Turkish real estate and tourism agencies, copying the corporate identity and logos of companies, post ads in search...
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Several popular Turkish hotels will soon be sold at public auction. The reason for the urgent sale at reduced prices is the bankruptcy that was caused by coronavirus. According to Turkish media reports, the following hotels will be sold under the hammer: Martı Myra Hotel (five stars, capacity - 553 rooms, Antalya, Tekirova), starting sale price...
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This forecast was made by Mehmet Kalyondcu, President of GYODER, Turkey's largest investment company. His interview on the future of the construction and housing sector has been published today by the Turkish real estate newspaper Emlak Kulisi. According to the expert, if Turkish banks continue to offer low interest rates to homebuyers, then the...
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The global company Colliers International (USA), which provides real estate services in different countries, has published a report on the impact of the pandemic on the Turkish market. What problems has it caused? The analysts said the housing projects that were under construction during the coronavirus outbreak have been hit hard....
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