Istanbul
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Villa sales in Ballıca Manzara Villaları have started in Pendik district (Istanbul). Two companies are responsible for the construction: Çukurova Gayrimenkul and MSY Yapı. The view villas are located in one of the city’s green areas surrounded by forests on the shore of a lake. They have either four bedrooms and a living room, or six bedrooms and...
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Referring to the data obtained from the latest Toplumun Görünümü 2023 Kent ve Konut raporu report, the media writes that the largest number of tenants in Turkey is concentrated in Istanbul. 37% of the tenants are in this city, where not everyone who wants to live here can afford to buy their own home. As you know, the average cost of a housing...
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New large residential projects continue to appear in Istanbul as part of the urban transformation programme, thanks to which, as the authorities assure, there will not be a single apartment in poor condition in the metropolis. One of these is Nevadium Istanbul of 1,100 residences. It will be a branded residential complex by Neva Prestij Yapı. It...
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Ekrem İmamoğlu, Istanbul Mayor, announced on his official social media account the start of "testing" (test drives) of the important Ümraniye-Ataşehir-Göztepe metro line for the city. As you know, this is a transport long-term construction. The line was suspended in 2017, and it began to be implemented. By the way, thanks to the development of...
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A selection of the most relevant real estate market news in Turkey is in our weekly digest. Experts advise not to delay the purchase of housing: the average cost of 1 sq. m has exceeded $1,000 in the country. Locals are increasingly buying land plots to build more budget houses instead of buying expensive residences. The cost of land is steadily...
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According to our tradition, we publish every Friday the latest news about real estate, construction and transport infrastructure in Turkey over the past week. Last year's economic difficulties continue to affect the entire sector. For example, the number of building permits issued has tripled compared to the annual average several years ago...
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The Office of Mass Construction (TOKİ) is launching four new campaigns with the support of the Ministry of Environment, Urbanization and Climate Change. Four residential complexes will be built in Istanbul and Ankara for low-income families. Tenders for all four projects will be held in late February and March 2024. The total number of apartments...
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The Fuzul GYO developer has signed a contract to implement a project in Firuzköy (Avcılar district, Istanbul). There will be a large residential complex for 1,100 apartments with 50 commercial areas. The total land size is 46,782 sq. m. Fuzul GYO has recently invested heavily in new housing projects. It was reported that a residential complex for...
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A new conceptual project called "the best in the region" will be implemented in Sakarya, which has become a centre of national and international trade due to its strategic location, which is important for Turkish industry. It is about Paye Sakarya, a joint venture between Halk GYO and Haldız İnşaat. It will fully meet the requirements of the...
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Here is a selection of the most relevant news of the Turkish real estate market. The most interesting statistics: Foreigners have bought almost 30 million sq. m of land in Turkey; Three key metropolitan areas account for a third of home sales; The cost of housing in the three largest megacities has grown; The cost of construction has risen...
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