Economics
-
The volume of transactions in the housing market at the end of the year turned out to be almost identical to last year, although December is actually less successful than December 2021. But it is more profitable than all the other months for the entire period of 2021-2022: so, both Decembers are leading by an impressive margin. As for the...
Read more -
December 2022 turned out to be the most successful in terms of the number of transactions without mortgage lending: after all, in the current economic situation, people are trying to get as little as possible dependent on bank loans. And, as they say in Turkey, «they gut pillows and mattresses». So, in December 2020, 91,350 non-mortgage...
Read more -
Summing up the results of 2022, the Turkish Institute of Statistics presented data, including on who buys residential real estate in Turkey more often: men or women. Comparing the figures with the previous year, 2021. As it turned out, the percentage ratio in this sense has practically remained in 12 months: out of 100% of new...
Read more -
Due to the details just announced of the nationwide campaign «My New Home», which will also cover the category of middle-income citizens, 2023 will turn out to be a «golden year» for the construction industry; this is exactly what some industry experts believe. In the sense that a lot of people will take advantage of the finally successful...
Read more -
From the middle of 2020 and almost until the end of 2022, Turkey holds the championship in terms of «the country with the highest growth in housing prices in the world». According to the local Land Registry, in 2022, the record for real estate sales was broken: the number of housing transactions exceeded 1.5 million for the first time. In the...
Read more -
Housing prices in Istanbul are about to exceed the cost of housing in Miami, writes the portal Emlak365. According to the latest Housing Price Index published by the Central Bank, the value of residential real estate in Turkey has increased by 226% in the last 12 months alone. At the same time, the average price per square meter of housing for sale...
Read more -
A recognized specialist and media editor in the real estate industry, Tebernush Kirechi, voices his expectations for the coming year, with an eye on the results of the previous one and not only. Brief extracts from this analysis are below, although first of all, to understand the situation, it is worth mentioning the results of 2022 and...
Read more -
In the coming 2023, the housing market as a whole will normalize, experts believe. Soner Kelesh, a member of the board of directors of Motto Turkey, said that with an increase in the volume of construction of new housing in 2023, a balance of supply and demand will be achieved, and prices for residential real estate in the secondary market will...
Read more -
Another of the missions assigned to the man-made multi-kilometer Istanbul Canal is to increase the volume of maritime trade through cooperation in the field of maritime navigation. Including with Panama; this was stated by Deputy Foreign Minister Faruk Kaymakci at a recent meeting of the Foreign Affairs Committee of the National Assembly of Turkey...
Read more -
Minister of Environment, Urbanization and Climate Change Murat Kurum said that his department, together with the Ministry of Finance, has reached the final stage of discussing the terms of the program for providing preferential housing to middle-income citizens. That is, not only the poor. The details of the action are promised to be...
Read more