Economics
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We present the penultimate digest of real estate and construction market news this year. It turned out that in 2022, almost every third Russian who was interested in buying a home abroad was thinking primarily about Turkey; the UAE and Cyprus are still among the other «favorites». Well, in the territory of the Republic...
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The earlier proposal to transform unclaimed offices into apartments, aimed at mitigating the housing crisis, did not receive adequate support, Turkish media write. Recall that in the summer of 2022, the topic of the fact that empty office spaces can be turned into housing was actively discussed. At least for rent – for students,...
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In Turkey, some indicators of growth or, conversely, decline in various segments of the country's economy have been announced. The construction sector recorded the maximum reduction in indicators this year in the 3rd quarter. According to the published report, the Turkish economy grew by 3.9% in July, August and September (just the...
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Over the past half century - 50 years - Turkish developers have successfully completed development projects totaling $95.6 billion on the territory of the Russian Federation. This is the fifth part - or rather, 20.6% - of all contracts of this kind carried out by Turkish specialists outside their homeland, the Anadolu news agency clarifies...
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The urban transformation program is not going as fast as planned. As a result, almost a quarter of a million housing units in Turkey's largest metropolis can no longer «wait» - they require immediate strengthening or modernization. The recent devastating earthquake in Dyuzdzha, which only miraculously did not lead to human...
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If we do not talk about the popularity of buying housing from Russians and Ukrainians, investors from other countries prefer Istanbul to other world capitals in terms of real estate investments. Such research results were presented by the international consulting company Price Waterhouse Coopers (PwC). In this sense, out of 30 favorite...
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A list of 12 territorial divisions has been announced, which are expected to become separate provinces soon. Namely, after the presidential elections of 2023, writes Emlak365. The popular resort of Alanya in this sense has long been on the agenda; and here are more districts that can gain independence. We also specify their...
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«Selling» prices for residential real estate increased in October immediately by 191.4% compared to the same period in 2021. While there was a decline in world housing prices, the growth of real house prices in Turkey came to the fore. Here are the details... Such data was presented by the Center for Economic and Social Research of the...
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According to official data released by the Central Bank of the Republic of Turkey, the housing price index in September increased by 4.9% compared to August and by 189.2% year-on-year (compared to September 2022). If you look at the changes in the housing price index in the three largest cities of the country, then in Istanbul,...
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The interest charged by banks as a «fee» for providing a loan when buying a home has grown to the maximum in 40 months. Although government economic management measures and the policy of low interest rates have significantly affected the rates on commercial loans, individual housing loans have not been affected. So the percentage here...
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