Economics
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Your attention is drawn to the traditional weekly digest for the last week of September. Analysts summed up the results of the August sales. Which are encouraging: in all segments, except for mortgage transactions, sales have gone up. The volume of transactions with foreigners is also picking up pace again after some decline. The segment of land...
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Prices for technological "inspection" of buildings should be fairer, say the players in this segment of the construction industry. For example, for a difference in the height of a building of only 50 centimeters, you have to pay almost twice as much - in terms of the cost of inspection, complains civil engineer Atakan Bakylan to online sources....
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What is the status of the work under the urban transformation program covering all provinces of Turkey? The mayor of the Ankara Metropolitan Municipality, Mansur Yavash, spoke about the situation in Ankara. In particular, a lot of attention is paid to the Mamak district, which is considered a sleeping area. There were some plans to build 10,000...
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The latest news of the real estate market of the Republic of Turkey is presented in the traditional weekly digest. Bodrum residents complain about high taxes, which is not surprising: real estate in Mugla, and in the resort of Bodrum in particular, has always been more expensive than in other provinces. Housing for $300,000 has risen in price to a...
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Those foreigners who have purchased residential real estate — apartments and villas — in Turkey to obtain "citizenship by investment" under an accelerated procedure, sell them. There are two reasons: the first one is a sharp rise in price, which means that it is an opportunity to make good money on the price difference, especially when this housing...
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Housing, the price of which in 2015 was 1 million TL, reached 15 million TL by the end of 2023, according to the latest statistics. Moreover, if you look at the intermediate option — the second pandemic 2021 year — then by that time residential real estate of this type had increased in price to 2.7 million or less than three times, in a little over...
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The Presidential Palace is being implemented in the Turkish Republic of Northern Cyprus (TRNC). Although it was originally built by TOKI — another tender was held for it. The background is that during his visit to Northern Cyprus in 2021, Turkish President Recep Tayyip Erdogan stated that "... the presidential government of the Turkish Republic of...
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The Emlak Konut GYO Investment Fund has published an official sales report for the first quarter of 2024. Real estate transactions without VAT amounted to TL 6,226,619,568 from January 1 to March 31, 2024. The total area of 675 sold lots was 77,545 square metres. Moreover, foreign buyers made 37 transactions in the first quarter totalling TL 458...
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We recall the most significant news of the residential real estate market over the past week. Moreover, a detailed transaction report for March and the first quarter of 2024 has recently been published, so there are certain trends. The key countries, where citizens buy the most residential real estate in Turkey, have not changed for many months:...
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The Turkish authorities announced their plans to finance for workers’ housing (lojman) from the budget and review building sites. These measures will be implemented by determining the cost of renting/selling properties and land plots on which these "workers' dormitories" are located, which are called lojmans in Turkey. However, there is an...
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