Economics
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Within the framework of providing social housing from TOKI to those in need of 81 provisions, special attention will be paid to the most vulnerable categories. So, pensioners who do not have their own real estate have been allocated a separate quota. Even in the clarifications to the new draft, it was mentioned that disabled people, relatives of...
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Provincial governors have started collecting applications for social housing under TOKI-2022 programs. Recall that inexpensive apartments will be provided to citizens with average and below average incomes in 81 provinces at once. This action, which will become the largest social housing project in the history of the Republic of Turkey, is in full...
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The volume of residential real estate sales collapsed almost all over the world – but Turkey was not affected. The Republic has become one of the few states where the volume of transactions for the purchase and sale of residential real estate continues to grow in parallel with the increase in prices for it. Recall that only in Istanbul, residences...
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Since 2003 – that is, over 20 years - Turkish contractors have carried out $458.4 billion worth of work abroad. Namely, on the territory of 131 countries. The quality of Turkish construction has become famous all over the world, and the number of orders is increasing. In particular, the total cost of 132 projects implemented in the first six...
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The president of the Istanbul Chamber of Realtors Nizameddin Asha expressed confidence that during the year exorbitant rental rates will still fall: «The rent for housing at the current cost of 10,000 Turkish lira per month will be reduced to 6,000-7,000». Mr. Asha explained this to the press by saying that, in his opinion, the «fever period» in...
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Favorable housing prices, which are difficult to find even in promotions from TOKI for the provision of social apartments, were announced by two large Turkish financial organizations at once. Thus, banks have joined a program that allows as many residents of the country as possible to get a chance to acquire property: after all, the...
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In the first quarter of 2022, Turkey became the «leader of the planet» in increasing the cost of residential real estate. This was announced by the international real estate consulting company Knight Frank, presenting a report for January-March. The study has just been published because the processing took quite a long time: data...
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We have already told you that Turkey was in first place in Europe in terms of the growth rate of housing prices for both sale and rent. According to the updated Housing Price Index published by the country's Central Bank, the average price of 100 square meters of housing exceeded the threshold of 1.5 million Turkish lira (TL). Which makes it...
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According to Eurostat, Turkey’s home prices (for both purchase and rent) are almost the fastest-growing in Europe. Turkey is an undisputed leader by selling prices but other countries compete with it by rent rates (at least according to official data). For instance, the rent in Turkey grew by an average of 20% across the country, which is less...
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REIDIN has published a rating of moving house within Turkey in the second quarter of 2022. This statistical data shows the preferred districts and those with the most “rolling-stone” residents. The rating also highlights relevant trends concerning the reasons for moving. The number of tenants moving house has grown considerably this year compared...
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