Economics
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The main array of publications in the Turkish media regarding real estate all week concerned the devastating earthquake in the south-east of Turkey, which happened a few days ago. So once again we draw the attention of home buyers to the importance of acquiring new buildings from serious developers, and if we are talking about secondary real...
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There is good news for those who want to buy secondary real estate: Turkish President Recep Tayyip Erdogan has officially announced plans to work on a new campaign for citizens who want to buy residential «second-hand». Recall that the previous «rounds» of «My New Home» program - for low- and middle-income households - implied the purchase...
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In order to motivate citizens to participate directly in the urban transformation program, the authorities decided to subsidize not only the participation of Turkish citizens in strengthening their own housing, but also rent payments for those who agreed to move. So, currently, assistance in renting housing in the amount of 1,500 Turkish...
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President of the Republic of Turkey Recep Tayyip Erdogan, taking part in the opening ceremony of the «branch» of the Kagithane metro-the New Airport, officially announced how things are currently going with the construction of the Istanbul Canal. The canal will be laid in stages, four stages are planned. In addition to its economic...
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The media reports that the government, planning to intensify the process of urban transformation as part of a nationwide campaign, will increase financial support for the population in 2023. In particular, in some cases, the loan rate on housing loans will decrease, the volume of these loans will increase, and their repayment period will be...
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After the announcement of the new stage of the social support campaign «My First Home» - and it will now affect households with average income (not only low) - the amount of support that will be provided to those who purchase their first home became clear. According to the bill, the part of the payment amount exceeding 30% of the family...
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Interest in Turkey among our compatriots has increased since February last year, not only in terms of temporary or permanent relocation to the warm sea, but also in terms of acquiring their own business in this country. By establishing their «new life» in Turkey, Russians have also become more active in business terms: the number of companies they...
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The most up–to-date information guides of the Turkish real estate market are in our traditional weekly selection. Analysts in January continue to analyze the results of 2022. So, over the past seven days, a lot of statistical data and interesting facts have been published. So, it turned out that: men purchase...
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Chairman of the Board of Nef Erden Timur and President of Mastertürk Group Gokhan Tash said that the Republic of Turkey now ranks first in Europe in housing sales; the volume of sales of residential real estate for December 2022 is impressive. Erden Timur, referring to the statistics obtained at the end of the year, explained that in...
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The Central Bank of Turkey has published a housing price index, which by the end of November 2022 has increased by almost 175% over the past year. Compared to the previous month, it grew by 3.8%. The provinces with the highest growth in housing prices in November of the year just ended were Antalya, Burdur and Esparta - 214.5%. They...
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