Economics
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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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Please see a selection of the most relevant news in the real estate market of the Republic of Turkey in our daily digest. The height of the summer season coincided with the roaring demand in both tourist and housing markets. On the first day of the national holidays, the Antalya Airport set a new record, having received 1,034 aircrafts over 24...
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The statistical office of the European Union (Eurostat) shared the final data for the first quarter of 2022. According to these numbers, Turkey was the country with the fastest-growing home prices across all Europe over that period. Residential property in the Republic of Turkey became 110% more expensive, while prices in 25 European Union...
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According to the statistical report published today, home sales to foreigners in June 2022 almost doubled compared to the same month last year (+81.8%): 8630 transactions took place in the sixth month of the year. As a result, the share of transactions with foreigners in total sales amounted to 5.7% - an unprecedented indicator before. As...
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The downtrend in rebar prices observed some time ago is finally over: after the rates hit the bottom recently, the cost of iron started rising again. It should be specified that plants were offering prices in the range of USD 600 – USD 620 VAT exclusive for a while. Now the rates are rising and have already reached USD 640 VAT exclusive or even...
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Turkey's construction and real estate sector has been on the rise for six months, according to the Concrete Producers Association (TRMCA). The sector performance report for 2020 shows a five-month growth (June to October). Therefore, market experts predict that the sector will end this challenging year in positive territory, despite the economic...
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