Economics
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Those who decide to build housing on their own, on their own site, in the area of the recent earthquake, will be able to count on a serious "shoulder" from the state. This was told by the Minister of Environment, Urbanization and Climate Change Mehmet Ozhaseki. The new campaign was created specifically for residents of the affected regions who want...
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Rates for renting housing in the largest Turkish metropolis have increased by 707% in just four years. Deputies are puzzling over how to solve the urgent housing issue. One of the key reasons for the current crisis situation in the rental housing market, in addition to inflation, is a clear preponderance of demand over supply. The owners...
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More than 300,000 new residences will be built in the earthquake zone during the year. This was stated by Mehmet Ozhaseki, the new head of the Ministry of Environment, Urbanization and Climate Change. Work continues to revive the regions affected after the events of February 6. Here is what Mr. Ozhaseki says: "As a ministry, we are...
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At the final stage of creation - 85% - there is a "temporary city" intended for victims of the earthquake on February 6, 2023 with an epicenter in Kahramanmarash. It occupies an area the size of 57 football fields; container houses - temporary, but much more comfortable to live in than tents or multi-bed accommodation in hotels that come...
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By 2028, 500 large and small national gardens will be built and opened in Turkey. This was announced by the Ministry of Environment, Urbanization and Climate Change. The construction of national parks throughout the country is in full swing; 151 national gardens with an area of more than 17 million squares meters have already been...
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Noting that the problem of non-compliance of rents with real prices cannot be solved with the help of only a 25% limit, representatives of this sector say that it is necessary to look for other ways out. Finally, some of them have been announced: new complexes belonging to the category of social rented housing should be built in...
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It would seem that the new Istanbul Airport, which replaced the Ataturk airport, was opened quite recently. Nevertheless, time flies fast; and since the beginning of its work (October 29, 2018), the air hub has managed to accept and send about 1.5 million flights: from December 29, 2018 to December 31, 2019, it passed through 51.96 million...
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The 25% maximum limit for rent increases during the prolongation of long-term contracts was extended for another year. This measure was introduced in the summer of 2022, and was supposed to end on July 1, 2023; nevertheless, the extension of such a "limit" has been actively discussed in recent months. It is now valid until July 2,...
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Gulchin Barbaros Ak, Chairman of the Mersin branch of the Chamber of Civil Engineers (IMO Mersin), a member of the Union of Chambers of Turkish Engineers and Architects (TMMOB), assessed how the increase in prices for building materials affected the real estate sector. The more than 50% increase in tariffs, of course, did not please,...
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Judging by the recently published report on residential real estate sales for May 2023, the "subsidence" in the volume of transactions observed in recent months has noticeably declined. Despite the fact that during the period January-May, the number of home sales in Turkey decreased by an average of 16%, compared to May of this year with May of...
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