Economics
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A certain number of lawsuits have already been filed against TOKI by citizens dissatisfied with delays in the implementation of the announced large-scale project to provide social housing to those in need. «You say that you will complete the construction of 250,000 new residences in the next two years, but you could not build 150,000...
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Erdal Eren, President of the Turkish Contractors Association (TMB), said that the country has already come close to the figure of one hundred thousand workers from among Turkish citizens who were invited and are now involved in a variety of construction projects abroad. The number of contract projects in international markets has been...
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The deputy of the IYI party from Mersin, Zeki Hakan Sydaly, said that taking into account the current price increase, if earlier civil servants on retirement could purchase 3+ 1 housing (with three bedrooms) on savings and bonuses from the salary of an official, now this amount is barely enough for ... one room. Not even a tiny apartment or studio...
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The columnist of the newspaper Dünya Alaattin Aktash named the reason why the rate of increase in prices for residential real estate across the country began to decline (despite the fact that for many months the dynamics was simply frightening). After all, according to the Central Bank, as of August 2022, the cost of new buildings has increased by...
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As usual, we remind you about some of the most relevant news of the Turkish real estate market published last week. A national project is in full swing to provide the population who cannot buy apartments or houses at full cost with so-called «social» housing. More than 5 million applications have already been submitted, of which more than...
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The IMSAD Association presented the October results of the industry report on Turkey for October 2022. This report is closely followed by the players of the construction sector, together with representatives of other important spheres for the state. Due to the weakening of the global economy as a whole and some recession in the development...
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A campaign has been launched to provide one hundred thousand residences to middle-income families who cannot afford to buy housing at current prices. Emlakkulisi writes about this with reference to the Minister of Environment, Urbanization and Climate Change Murat Kurum. 100,000 preferential apartments for the «middle class» will be built in 81...
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More than five million applications have already been received for participation in the project «My First House», implemented by the Department of Mass Housing Construction (TOKI). More than a million of them are from Istanbul. The draw to determine the beneficiaries of the projects will begin in the near future and will be completed by March 2023...
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According to the data of the online platform Emlakjet, the percentage of those who request a search for housing for rent on this resource, and not for the purpose of buying, has significantly increased. The key reason, according to respondents, is «the inability to find an apartment or a house at an adequate price» (53% of respondents mentioned...
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Over the past two years, construction costs have increased approximately threefold, according to the department analyzing the value of EVA real estate (EVA Gayrimenkul Değerleme). And for certain categories of materials – even more: iron has risen in price 4.5 times since 2020, and 2 times since 2021. Moreover, prices vary by city, they...
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