Istanbul
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Over the past year and a half, rental rates in Turkey have been growing especially rapidly due to a number of factors: a reduction in the construction of new housing, an abundance of marriages, an increase in demand for apartments from students, as well as foreigners who have come to the country. Although experts emphasize that the rate of...
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One of the districts of Istanbul province – Chekmekey – is becoming more and more in demand in terms of purchasing residential real estate. At the moment, there are no apartments cheaper than 700,000 Turkish lira (TL). According to the statistics of EVA Real Estate Appraisal analysts, the most popular neighborhoods are now Alemdag,...
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A selection of the most relevant real estate market news is in our weekly digest. The rapid rise in house prices in Turkey has slowed down, but probably not for long. The reason for this is the measures taken by the authorities to provide low-income groups with preferential housing. Work is also actively underway to strengthen, modernize...
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Last month’s statistics showed that residential properties in Turkey became 191.4% more expensive on average compared to last year. The growth rates can be even higher in the most popular locations with beautiful nature, extensive facilities, and high demand from buyers and tenants. For instance, this indicator surged to 218.1% in Istanbul, 223.5%...
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The 5* hotel, unusual in its format of operation, will open its doors to the first guests in the largest Turkish metropolis in three months. This is reported by Turkish bloggers. The «atypical» luxury accommodation means that guests will be able to live «according to their own time». More precisely, choose the hours of arrival and...
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The total cost of the future «alternative to the Bosphorus», previously announced at $15 billion, has increased to $20 billion. This was reported by the Emlakkulisi portal with reference to the words of the Minister of Transport and Infrastructure Adil Karaismayiloglu. Despite the rise in the cost of the project, the Istanbul Canal...
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Pre-sales have started in the new Litus Istanbul project, implemented within the framework of the partnership between Iş REIT and Tecim. The complex of 98 residences in seven blocks is located on the Asian side of Istanbul, in Altunizad. It stands out for its unique location, modern architecture and highly eco-friendly environment for such...
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As usual, we remind you about some of the most relevant news of the Turkish real estate market published last week. A national project is in full swing to provide the population who cannot buy apartments or houses at full cost with so-called «social» housing. More than 5 million applications have already been submitted, of which more than...
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Real estate in Umraniye has become more expensive due to the development of transport infrastructure
The Marmaray project, which contributed to the increase in rental rates in a number of Istanbul districts, as it turned out, is also responsible for the rise in prices for residential real estate offered for sale in the metropolis. In particular, in the Umraniye district, the cost of residences due to the opening of Marmaray and associated...
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The residents of Istanbul did not have time to rejoice at the new ferry and funicular routes that opened last week, as several more were added today. Namely, there are seven options for «transfer» by ferries at once: Kadikey-Eyup Sultan; Avdzhylar-Kadykey; Avcylar-Bostanji; Maltepe-Prince's...
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