Economics
-
Ekrem Kalan, Rector of the University of Alanya Alaaddin Keykubat Yiversitesi (ALKÜ), said that a contract for the construction of a solar power plant was successfully signed right on the territory of the University of Alanya, in the Kestel district. Solar panels with a total area of 90 000 square meters will be installed on the roof of...
Read more -
AFAD, analyzing the state of the housing stock in Bursa, released a report with not the most joyful figures. Bursa, the fourth largest metropolis in Turkey, is geographically located near the junction of tectonic plates; according to the results of the inspection, it turned out that about 200 thousand residential units (houses and apartments) in...
Read more -
The entire Istanbul Financial Center is planned to be opened in the next 3-4 months: minor improvements remained, writes Emlakkulisi. Recall that the first stage of the new "business heart" of Istanbul was put into operation quite recently. As part of the second stage, the Central Bank sector will be opened, as well as a number of leased...
Read more -
Minister of Agriculture and Forestry Vahit Kirishchi said that the recent strong tremors in 11 provinces cost the economy $105 billion. This includes both construction equipment and vehicles, thousands of units of which were transferred for a certain period to the needs of citizens who are trying to put their houses in order or have...
Read more -
Istanbul Municipality (IBB) is still discussing what to do with hundreds of thousands of empty residences in the metropolis. After all, an impressive amount of living space in Istanbul is not for rent or for sale, and no one lives there for a long time; at the moment, according to approximate estimates, it is from 450 000 to 750 000 houses or...
Read more -
Great news for Russians investing in Turkey for the purpose of living, as well as for those who rent real estate: there is hope that soon the issue of the inability to pay in Turkey with anything other than cash will be resolved. Recall that in the autumn of 2022, the Republic of Turkey stopped accepting Russian MIR cards for payment, which created...
Read more -
By tradition, we remind you of some of the most interesting news in the construction and real estate sector of Turkey over the past week - the last one in April. The pace of home sales decreased in March; this is partly due to an increase in the cost of construction. Wage growth does not "keep up" with the rise in real estate prices, so...
Read more -
Development costs are growing rapidly, as the Turkish media write. Only in February 2023, the construction cost index increased by 2.08% compared to the previous month; the year-on-year increase was 72.37%. The index of the cost of materials increased by 3.43 compared to the previous month; for the year, the increase is 62.52%. The labor...
Read more -
Emlak Konut Gayrimenkul Yatırım Ortaklığı (GYO) Trust has published a sales report for the 1st quarter of 2023.The volume of transactions reached 15.265 billion Turkish lira (TL): it was for this amount that real estate of various types was sold in the period from January 1 to March 31, 2023. Namely – 2 272 lots with a total area of...
Read more -
The statistics collected at the end of last month show a drop in indicators for a number of parameters. Analysts compared the March figures with the figures of the same month last year - 2022, as well as data for the first quarter of both years. So, in comparison with the same month of 2022: the number of mortgage transactions...
Read more