Istanbul
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The Central Bank of Turkey has published the long-awaited Housing Price Index for December 2022. It turned out that over the past year, residential real estate prices have increased by an average of 167.8%, and only in December - by 5.3%. As for the largest megacities, in December 2022 in Istanbul, Ankara and Izmir, housing prices rose by...
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Developer Aksur Yapı announced the start of sales of residences within the framework of the Pierre Loti Mansions project (Pierreloti Konakları). 24 lots have been announced for sale, at the moment at special prices. «Pierre Loti Mansions» were built on an area of 4200 sq.m., a garden of 1000 sq.m is also provided in the project. The...
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President of the Republic of Turkey Recep Tayyip Erdogan, taking part in the opening ceremony of the «branch» of the Kagithane metro-the New Airport, officially announced how things are currently going with the construction of the Istanbul Canal. The canal will be laid in stages, four stages are planned. In addition to its economic...
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The famous mansion on the Bosphorus is for sale for 330 million Turkish lira (TL). This is the house of Mehmet Emin Aga in Kanlydzha: a historic building is looking for a new owner. Kanlija district is considered one of the most attractive locations in Istanbul; its «highlight» is the beautiful view of the Fatih Sultan...
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As we have already told, according to the Central Bank of the Republic of Turkey, the housing price index in the country increased by 174.3% year-on-year by the last month of the year. Indicators differ for different provinces; residential real estate has risen even more in key cities. So, despite the fact that the average price per 1 sq.m of...
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Istanbul continues to be one of the world's key air hubs, especially since the New Airport is increasing its capacity more and more. As a result, last year passenger traffic at the airports of the largest Turkish metropolis exceeded 95 million people. This is immediately 53% more than the previous year - 2021 (65.1 million). The main mass...
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Another, the third, completely «unmanned» metro line has been opened in the largest metropolis of Turkey - Istanbul. According to Turkish media, this is a line called the M8 with a length of just over fourteen kilometers (14.3 km). There are 13 stations scattered along this route. The metro line is designed for the movement of trains...
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The Central Bank of Turkey has published a housing price index, which by the end of November 2022 has increased by almost 175% over the past year. Compared to the previous month, it grew by 3.8%. The provinces with the highest growth in housing prices in November of the year just ended were Antalya, Burdur and Esparta - 214.5%. They...
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With the Avrupa Konutları Ata project, 413 new residences will appear at once in Kucukcekmedj. The infrastructure of the project will also include 14 commercial facilities. The developer will be Artaş Inşaat, a company that has been actively expanding its portfolio recently. The estimated volume of investments in the project is 768,145,301...
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We present the most widely read news of the Turkish real estate sector over the past seven days. Analysts, having finally received detailed statistics for December, summarize the results of 2022. Which, after two years of the pandemic and the economic crisis that followed it, somewhat «crippled» the construction sector, inspire...
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