Economics
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Russians in April 2023 somewhat slowed down the pace of housing acquisition, but they are still in the lead. We present the latest data published recently by the Turkish Institute of Statistics. The volume of transactions with foreigners decreased by more than half - by 60.3% compared to April 2022: 2,557 transactions. This is 3% of the...
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The month preceding the presidential election may have been one of the reasons that potential buyers took a wait-and-see attitude. The continuing rise in real estate prices also played a role. Anyway, in April, housing was sold by 35% less than in the same month last year. But in January-April - four months - the drop is not so strong: on...
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The first decade of May turned out to be rich in events in the energy sector: not only will there be its own solar-powered power plant on the university campus in Alanya, but also the grand opening of a similar enterprise took place in Konya province: the new Karapynar power plant. Which has become the largest SES in Europe. The 1,250 MW...
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We present another digest of the most interesting events in the field of construction and real estate in Turkey over the past seven days: non-residential real estate, as it turned out, has recently been selling better residential; Hatay may become another Turkish resort; The University of Alanya will provide electricity...
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Omer Niziplioglu, head of the Tourism Development Commission of Hatay province, said that Hatay should be turned into another tourist city of the Mediterranean by building hundreds of hotels approximately between Samandag and Arsuz. Recall that Hatay is being actively restored after the province suffered as a result of the earthquake in...
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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...
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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...
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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...
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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...
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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...
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