Economics
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According to data released by the international real estate consulting company Knight Frank on the basis of a recent study, Turkey has become the country with the most dynamic growth in housing prices. The price analysis covered 56 states on the planet. And it turned out that in 2022 the cost of residential real estate increased the...
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According to the newly announced data, the housing price index in Turkey increased by 6.9% month-on-month and by 153.1% year-on-year. These are statistics on January reports; in December, the increase compared to the previous month was 5.3%, and for the year - 167.8%. During the analysis of changes in the Housing Price Index in...
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The last winter month "marked" the lowest volume of housing transactions for the past three February, if we compare specific months. Although the real estate sector itself should not be blamed for this: no one expected such strong tremors with an epicenter in Kahramanmarash and the destruction that followed. The country is still spending a...
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After the earthquake in Kahramanmarash, which affected 11 provinces and provoked very serious destruction, more than 314 000 people applied for payments under DASK insurance policies. This is reported by the portal Emlak365, specifying that the payments have already exceeded 1.5 milliom Turkish lira (TL). Recall that DASK disaster...
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Financial assistance in the amount of up to 300 000 Turkish lira (TL) will be provided to those who, in the current situation, agree to build their own house, writes Emlak365 with reference to the words of Recep Tayyip Erdogan. This statement was made by the President after a meeting of the Cabinet of Ministers of Turkey: in light of the...
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The amount collected as part of the so-called "earthquake tax" for 23 years amounted to almost 90 billion Turkish lira (TL). In the period from 2000 to 2022, a total of 87 billion 998.6 million TL was received in the form of a special tax, which later received the unofficial name "earthquake tax". Despite the fact that in fact it is...
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President of the Republic of Turkey Recep Tayyip Erdogan announced that the authorities intend to restore every house and every workplace destroyed or rendered uninhabitable or commercial as a result of the earthquake, and will transfer them to the rightful owners of real estate. At the beginning of March, it is planned to begin...
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Scientific research on the verification of sites and their soil for the construction of new earthquake-resistant houses in Turkey has already begun. This is written by the portal Emlakkulisi. President Recep Tayyip Erdogan promised that the construction of new permanent residences – in the sense of capital buildings - will be...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. The focus of media attention is still on the elimination of the consequences of the devastating earthquake that occurred at the beginning of last week. However, for the same reason, a number of issues on the agenda have become...
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The Turkish Association of Manufacturers of Building Materials (IMSAD) has published the results of the next report, which is compiled monthly, but not only takes into account the data of the previous month, but also evaluates the dynamics of a longer period, for greater objectivity of conclusions. Thus, the report for January 2023 reports...
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