Istanbul
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Minister of Environment, Urbanization and Climate Change Murat Kurum clarified misunderstandings regarding the allegedly suspended work on the Istanbul Canal project. In particular, recently there were rumors that the megaproject for the construction of an artificial canal, which will become an alternative to the Bosphorus, was stalled without...
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The Office of Mass Housing Construction TOKI announced the conditions under which applications for social housing are accepted throughout the country in 2022. We are talking about the distribution of 150,000 residences in different provinces. Recep Tayyip Erdogan will make a final statement on the application date, housing...
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A number of offices are to be transformed into residential premises, according to Turkish media. This decision was made as part of a program to reduce the growth rate of real estate prices, for which it is necessary to replenish the «free housing stock» available to the local population. At the same time, many offices are now idle...
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Istanbul Municipality continues to invest in the transport system of the metropolis. So, there was news about the new railway «branch» of Sefakey-Beylikdyuzu-Tyyap. The long-awaited metro line will cost the state more than $9 billion. It will pass through the districts of Kyuchukchekmedje, Avcylar, Esenyurt, Beylikduzu and Byukchekmedje;...
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Within the framework of providing social housing from TOKI to those in need of 81 provisions, special attention will be paid to the most vulnerable categories. So, pensioners who do not have their own real estate have been allocated a separate quota. Even in the clarifications to the new draft, it was mentioned that disabled people, relatives of...
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The period of return on investment in residential real estate in most of the largest cities in Turkey is about 200 months, if it is rented out. However, in some localities, taking into account the jump in prices, this period has somewhat lengthened. The reason experts call a record increase in the cost of housing, caused in turn by...
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The growth rate of housing prices in the largest Turkish metropolis, where real estate rose by 12.4% in May alone, amounted to 145.5% over the past year. Adjusted for inflation – 41.4%, but it is still a record level, writes Habertürk. The columnist of the publication Abdurrahman Yildirim clarified that the price for an average residence with an...
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In the largest Turkish metropolis, a 200% increase in the amount of rent was recorded for the period from January to July 2022. The recent innovation, which does not allow to bully the tariff when extending long-term contracts for the next year, has not yet managed to normalize the situation. But the tenants are especially upset by...
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As usual, in Friday's digest we talk about what has especially attracted attention in the news feeds of the relevant Turkish media over the past seven days. The most important topic for discussion was the rental of housing and the nuances and difficulties associated with it: it overshadowed, perhaps, all the others. No...
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An auction for the sale of housing at discounted prices in the capital Ankara and the largest metropolis of the country Istanbul was announced by a large financial organization, Halkbank. And not just at reduced prices, but almost at ridiculous prices: from 220,000 Turkish lira (TL) in total. This is explained by the fact that Halkbank...
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