Economics
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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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Minister of Environment, Urbanization and Climate Change Murat Kurum clarified misunderstandings regarding the allegedly suspended work on the Istanbul Canal project. In particular, recently there were rumors that the megaproject for the construction of an artificial canal, which will become an alternative to the Bosphorus, was stalled without...
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A selection of the most relevant events of the real estate market of the Republic of Turkey for the week is in the traditional digest of news from Turk Estate. Just a few days ago, analysts will begin to summarize the results of the summer; the last days of it are marked by a large number of informational occasions concerning the social...
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Analysts announced the data of the Construction Cost Index for June 2022 (data are received more than a month late, due to the complexity of data collection and accounting). The Emlaksayfasi portal reported that in June 2022, the construction cost index increased by 3.47% compared to the previous month and by 106.87% compared to the same...
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The Office of Mass Housing Construction TOKI announced the conditions under which applications for social housing are accepted throughout the country in 2022. We are talking about the distribution of 150,000 residences in different provinces. Recep Tayyip Erdogan will make a final statement on the application date, housing...
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President of the Republic of Turkey Recep Tayyip Erdogan has officially announced that the country's goal in the near future is to receive $75 billion in the contracting sector. In the sense of signing projects abroad for this amount, writes Emlakkulisi. The President announced ambitious plans at the awards ceremony for achievements in the...
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