Economics
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The Ministry of Family pleased families with low incomes: households ready to invest in the purchase of residential real estate can receive a cash subsidy from the state up to half a million Turkish lira (500,000 TL). It will be used to pay off accounts receivable. However, not everyone will get it: in order to receive a subsidy, you need...
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Construction costs in Turkey are expected to reach $1 trillion. This amount increased due to the damage caused by the earthquake with an epicenter in Kahramanmarash in early February 2023. So now, in addition to restoring the destroyed housing stock, we have to pay much more attention to the earthquake resistance of buildings. Experts Kain...
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The builders of the Republic of Turkey in the first five months of 2023, according to their profile, performed work outside the country in the amount of $6.5 billion. According to the calculations of the Anadolu agency (based on data provided by the Ministry of Commerce), from 1972 to the end of May, 11,745 successfully implemented...
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President of the Association for the Promotion of Foreign Real Estate (GIGDER) Faruk Akbal, assessing the situation with the sale of residential real estate to foreigners after the elections, said that sales have already intensified. GIGDER expects the implementation of "deferred demand" - namely, the receipt of $1.5 billion to Turkey as a result...
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The Minister of Environment, Urbanization and Climate Change Murat Kurum recently made several new statements regarding what specific steps will be taken to reduce rental prices; it is planned to bring rental rates under control. The official recalled that until July 1, 2023, there is a 25% limit on rent increases; this period will be...
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Mesut Guleroglu, Chairman of the Board of Directors of the Izmir Chamber of Real Estate Agents (IZEKO), who commented on some stagnation in the housing purchase and sale market, stressed that potential buyers took a wait-and-see attitude in terms of transactions, and sellers - in terms of prices. The reason is the presidential election, which...
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While everyone is looking forward to the second round of the presidential elections in Turkey, important messages are coming from the government wing. One of the biggest problems in the economy over the past year has been rental rates, which have become exorbitant. Despite the fact that the government made a number of statements about this...
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Samsun Province is steadily "getting more expensive" in terms of housing: in the most popular Janik district, the average sale price of a residential residence has almost reached two million - 1,939,950 Turkish lira (TL). The analytical portal of real estate valuation Endeksa, continuing to publish a series of reports on urban assets,...
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The Minister of Environment, Urbanization and Climate Change pleased the inhabitants of the Prince Islands with several good news at once. Recall that earlier on the Prince Islands there were difficulties with some title documents regarding certain lands whose status was not approved, or infrastructure. Now, the fate of a number...
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The number of applications for participation in Yarısı Bizden campaign has exceeded 670 000 units of real estate that will be converted, Emlakkulisi clarifies. A new campaign was launched by the authorities of "Half of Us" with the aim of transforming risky Istanbul buildings into safer ones as soon as possible. In a nutshell, the general...
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