Economics
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Gross sales of companies operating in the Turkish construction sector have been increasing regularly over the period 2016-2021. As a result, it reached a volume of 620.8 billion Turkish lira (TL) according to the data for the last 12 months recorded in the report. This information is contained in the results of the study «Industry...
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The President of the Russian Federation signed a critical signature for the project, emphasizing the importance of the construction of the Akkuyu NPP. It should be clarified that the agreement on work on the project on the first power plant in Turkey, signed between the Turkish company IC Içtaş and the Russian side, was terminated on July...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. Land plots are being sold in 40 Turkish provinces at once: 499 lots. Land plots generally remain «on the agenda» for several months: land plots are one of the most stable investments, especially with a purpose for residential...
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The Turkish Institute of Statistics TÜIK announced another record recorded by the end of summer: the construction cost index increased by 6.46% compared to the previous month and by 114.74% compared to the same month of the previous year. According to the rating published before (by the end of July 2022, compared to July 2021), the construction...
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According to the results of the first eight months of 2022 - from January to August - sales in all categories show steady positive dynamics. Well, in the segment of mortgage transactions, the increase was almost 40%. Here are the exact numbers: the number of mortgage transactions - 211,631 versus 152,096 (for January-August...
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For several months in a row, Russian citizens have been acquiring the most apartments and houses in Turkey, if we compare the volume of transactions concluded by foreigners. Moreover, in the eighth month of the year, the «silver medalist» is Iran. It was almost twice «bypassed» in terms of the number of purchased real estate. Iraq...
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A personnel crisis is planned in the construction sector of Turkey. There are a lot of employees, but the most experienced masters with good knowledge and an impressive track record are hired one by one in foreign companies. In other words, they run to work abroad in order to receive a salary in foreign currency. The main reason is that salaries...
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The segment of construction and rental of retail and office space is experiencing a period of revival. The Turkish branch of the international analytical company JLL, JLL Turkey, has published a report on the topic «Prospects of the commercial real estate market». So, by the end of the first half of 2022, there were 14 million square meters...
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In autumn, gas and electricity prices rose in Turkey. So, gas has risen in price by 20.4% for residential premises, and immediately by 50.8% for commercial (in this sense, it is good that rates are rising more slowly for heating houses). Approximately the same indicator is for electricity: plus 20% to the price of electricity for...
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We present a traditional selection of the most iconic news of the week in the real estate segment of Turkey, which this time turned out to be quite non-trivial: It turned out that for Europeans, «wintering» in Turkey will save many thousands of euros if you move to the sea for several weeks or months - and when staying in a 4* hotel with meals...
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