Istanbul
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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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"There will not be a single earthquake unsafe residence in the metropolis," local authorities assure. The country is changing, and half of 650,000 off-plan housing units, which will be provided to those living in dilapidated buildings belong to the municipality. The candidate for the future mayor of Istanbul, Murat Kurum, visited the demolition...
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The average price per housing unit in Istanbul has exceeded 4 million TL, analysts say. According to Endeksa statistics, the annual increase in the cost of housing was 73% at the end of December in Istanbul. The average price per 1 sq. m in the largest metropolis of Turkey is 36,262 TL, and the average cost of one residential lot is 4,170,130 TL...
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The Turk.Estate portal invites you to familiarize yourself with the weekly digest of the latest real estate news on the Turkish market. The authorities continue to make considerable efforts to normalize the rental market. Two million apartments will be checked to ensure that they are properly rented to tenants and all the rules are followed....
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Elite residential complexes in Istanbul are rapidly increasing in number, particularly whole neighborhoods consisting of villas. One of those complexes is located in the Bahçeşehir district. It is designed in an Italian style and will consist of over 200 villas. The complex is called Sylvana Istanbul, also in Italian. Covering an area of 44,000 sq...
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This weekly compilation brings you the most important news from the real estate market in the Republic of Turkey. With summer in full swing, it's no surprise that rental housing prices on the Aegean coast have increased by up to 80%. The climate in this region is drier, making it easier to tolerate the current abnormal heat. This price growth...
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