Istanbul
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. The first week of the new year, 2023, was "marked" mainly by statistical news. Although the topic of investments of foreign citizens in the real estate sector of Turkey - and the volume of investments - remain on the agenda...
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The world-famous Kempinski hotel group has agreed with the Turkish developer Nef for joint projects in Bodrum and Sapanja. The contracts were signed in the amount of 365 million euros. Kempinski Group, which has long considered scaling up its activities in the Turkish market, will entrust Nef with the construction of two luxury complexes at...
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Istanbul Municipality (IBM) announced that it is going to sell at auction three plots of land belonging to it located on the territory of the province. Namely, in the areas of the megalopolis Kyatkhane, Basakshehir and Pendik.Auctions for the sale of land will be held until January 11, 2023. The area of the land plot located in the Gyursel...
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In a large-scale residential complex - almost a mini-city - overlooking the Istanbul Canal, the construction of which has been actively discussed in the Turkish media for the past year, it was decided to cancel the tender for the construction of the third stage for the time being. This was reported by the Department of Mass Housing Construction...
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Istanbul Airport "at the end" of 2022 again set another record, becoming the leader in Europe in terms of the number of flights received and dispatched. During the period from January to November, as it turned out, he provided "air hospitality" to almost four hundred thousand aircraft: 388,461. Of these, more than a hundred thousand turned out to...
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A little over a day before the new year, 2023, we tell you about the most memorable news of the Turkish real estate market of the past seven days. Such as: the November index of branded housing has been announced, which invariably remains a popular product, especially among foreigners; Istanbul has set another...
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Prices for residential real estate in the largest Turkish metropolis are "going" to another record. Thus, according to the housing price index for October 2022, announced by the Central Bank of the Republic of Turkey (the index is published belatedly), the average price per square meter of residential real estate in Istanbul has increased to $1,432...
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The Pendik-Sabiha Gokcen branch of the Istanbul metro, finally put into operation in September 2022, contributed to the rise in the cost of residential real estate along its route. Ihsan Chulkhalyk, Chairman of the Board of Directors of Insay Yapı, confirmed that the demand for housing in the areas adjacent to the line has grown...
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A new phase of the project for almost a thousand residences (or rather, 925) will appear on the site directly adjacent to the Istanbul Canal being laid. That is, in an area where land is now getting more expensive especially quickly. And at the end of November, the contractor of the fifth stage of the project near the Istanbul Canal...
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It became known who will implement the second stage of a large-scale complex from TOKI with a view of the Istanbul Canal - another future «transport artery» of the metropolis. We are talking about 716 residences; the announced amount is 763 million Turkish lira (TL). The tender was won by the construction company Yılkanur Inşaat. We...
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