Economics
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In March 2023, foreigners purchased 3,415 housing units in Turkey; this is 3.2% of total sales. Moreover, more than a third - 1,175 residences - were bought by citizens of the Russian Federation. Which have been leading in this sense for a year, and every month. The next in terms of volume, albeit with a fair "lag", are Iranians: 472 lots....
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A selection of the most relevant news of the Turkish real estate market is in our weekly digest. Despite the fact that the average cost of a housing unit in Turkey has reached 2.3 million liras, the growth rate of housing prices in the country has slowed somewhat; economists comment on the reasons. Moreover, the construction itself, on the...
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In the second half of April, the Turkish media actively discussed the topic of reducing the growth rate of residential real estate. Analysts are voicing the alleged reasons. Firstly, there is a slight decrease in demand: many of those who planned to buy apartments or houses have already done so. Someone got a chance to take part in a...
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The Turkish authorities have decided to create satellite mini-cities in Istanbul". They will appear on both sides of the Istanbul Canal under construction, an "alternative" to the Bosphorus. Such a "city within a city" format is needed, among other things, for the resettlement of megalopolis residents from emergency and similar buildings...
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The banking "wing" of the Istanbul Financial Center officially opened yesterday, April 17, 2023. The ceremony was attended by key players of the business world and the banking sector. Recall that the Istanbul Financial Center is a new huge business complex in the largest metropolis of Turkey: office space alone occupies 1.3 million square...
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The first Turkish car charging service provider Eşarj will build 1,000 charging stations in the country by the end of 2023. Eşarj will direct more than 90% of the newly received investments to fast charging points, which it will place in absolutely every province: at least one "point" in any of the 81 provinces, depending on their size and...
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In January-March 2023, the Turkish contracting sector carried out works outside the country totaling $4.1 billion. Having managed to implement a total of 52 projects on the territory of other states in the first quarter of the year. To clarify, over the past 50 years - the period when statistics on this issue are being kept - local...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our traditional digest for the week. The provinces that were leading in terms of transactions in March became known. Istanbul and its susceptibility to tremors also remain in the focus of attention: given the overpopulation of the metropolis, it...
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Turkish media published a basic report of analysts on real estate sales in March 2023. In total, during March, 277,496 real estate objects in 81 provinces were purchased and sold in Turkey, totaling 5.2 billion Turkish liras (5,221,277,948 TL). Let's clarify that we are talking about real estate of various types -...
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The European Bank for Reconstruction and Development (EBRD) has officially announced that it will provide Fraport TAV Antalya Investment, Construction and Operations (FTA) with financing in the amount of 140 million euros for investments in the airport in Antalya. This amount will make it possible to complete the construction of a new...
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