Istanbul
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The cost of residential real estate in Istanbul has increased by 241% percent over the past year alone, and rental rates – by 145%. Recall that prices for residential real estate, which are already constantly increasing, have been showing a truly explosive growth in Turkey over the past 2-3 years due to the rise in the cost of...
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The long-awaited metro station at the New Airport (which replaced Ataturk Airport) will open in the next one and a half to two months. Namely, until the end of November 2022. This was told by the Minister of Transport and Infrastructure Adil Kara Ismail oglu. Recall that the New Airport has already become a record holder in a number of...
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In August last year, an application for the Dia Centro Topkapı project was submitted to the Ministry of Environment, Urbanization and Climate Change, and the process of assessing its environmental impact started. At the moment, the project has been approved, and it will be unique not only for Istanbul, but also for Turkey as a whole...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in the traditional digest from Turk Estate for the last seven days. The past week was rich in significant events in the field of transport and social infrastructure. For example, a modern and currently the largest public hospital in...
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The long-awaited metro station at Sabiha Gokcen Airport has finally opened its doors to visitors and passengers. This happened on October 02, 2022; earlier, Turk Estate had already talked about the progress of the construction of the station. Recall that Sabiha Gokcen is one of the airports of the metropolis, located on the Asian side. Now...
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The Office of Mass Housing Construction (TOKI) continues to invest in new housing. So, the exact number of residences has been determined, which will appear very soon within the framework of the Arnavutköy project, in the Baklaly quarter, near the new «transport artery» of the metropolis being laid – the Istanbul Canal. We have already talked about...
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The local municipality (IBB) delighted the residents of Istanbul with good news: a complex of 509 real estate units will appear in the Sultangazi district: 488 – residential, 21 – commercial. The volume of investments in the project is estimated at 392,200,815 Turkish liras (TL). It is planned to start work immediately after obtaining all...
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The Municipality of Istanbul does not stop large-scale financial injections into the transport structure of the metropolis. In particular, work on laying the long-awaited metro line along the route Mahmutbey-Esenyurt-Bakhcheshehir has finally intensified. The base for the line was laid in 2021, and the tender for its construction...
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The new Airport (located in the European part of Istanbul and replaced the former Ataturk Airport) is again a record holder: in the period from September 19 to 26, 2022, according to the European Organization for the Safety of Air Navigation (Eurocontrol), it was from this air hub that the largest number of flights in Europe were carried out...
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The list of the most «valuable» (the most popular and rapidly rising in price) areas in Turkey was redefined in a recent study by the analytical platform Endeksa. Just before the beginning of the fourth quarter of 2022, judging by the average figures for each district, the most expensive were Istanbul's Saryer and Besiktas, as well...
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