Economics
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Turkey continues to "increase momentum" in the sense of interest in buying residential real estate on its territory from the Russians. Analysts have yet to sum up the final results of 2022, but it has long been obvious that the Republic of Turkey is leading by a huge margin. Despite the popularity of the UAE as an investment...
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The General manager of EVA Real Estate Appraisal, Jansel Turgut Yazidji, reported that an average of about 1.4 million residential units are successfully implemented on the territory of the Republic of Turkey every year, recalled that the need for affordable housing in the country still exists. There is housing for sale, as well as a...
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In his recent statement, the Minister of Environment, Urbanization and Climate Change Murat Kurum said that the target by 2030 is 2 million residences belonging to the category of social housing and built with the help of TOKI. In 2022, the minister said, the housing sector very often came to the fore on the agenda. In particular, such hot topics...
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The share of home ownership in Turkey has decreased to 55.5%. That is, only half of a small number of households (families) have their own roof over their heads; the rest either rent apartments and houses, or live-in office, under certain conditions. According to a study conducted by the Center for Economic and Social Research of the...
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Minister of Environment, Urbanization and Climate Change Murat Kurum said that 5,135 million "valid" applications were submitted for the project "My first home, my first workplace". That is, those where the applicants met the requirements. This figure broke the historical record for the number of applications in promotions of this kind...
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The other day, the results of the REIDIN-GYODER New Building Price Index study for November 2022 were announced. Recall that REIDIN-GYODER collects and analyzes statistics on housing erected by large developers and corporations: they are referred to as "branded projects". So, in November 2022, compared to the previous month, the 1+1...
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A selection of the most relevant information guides of the real estate market of the Republic of Turkey is in our weekly digest. The most significant news last week related mainly to the categories of newly received statistics, as well as to the social sphere. The first 50,000 holders of preferential residences have been...
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The Department of Mass Housing Construction TOKI has denied rumors that preferential residences are allegedly provided to citizens of other states, while they were supposed to solve the problem with housing for low-income categories of Turkish citizens. The rumors were provoked by a publication in the local media on the topic "Houses for...
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According to officially announced data, Turkish construction firms carried out projects worth about $10 billion ($9.836 billion) in the incomplete year 2022 – from January to November; so, since the last calculations, the amount has already increased, from $8.69 billion. Also, the Anadolu agency clarifies with reference to statistics from the...
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The first lucky ones became known – the future recipients of 50,000 residences on preferential terms. Recall that the draw for social housing is carried out within the framework of the TOKI project «My first home, my first place of work». The draw started on November 7, 2022; and at the moment it has become clear who will become the owners...
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