Istanbul
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Şeker Şile Evleri, a new up-market project in Şile, is already much coveted. Optimal Project Management was selected as the contractor via a tender held by Şeker Real Estate Investment Trust (REIT). Şeker Şile Evleri will be built in Istanbul Province, Şile seafront district, Çayırbaşı neighborhood. The tentative design was approved by the Şile...
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Please see below the most relevant news on the Turkish real estate and construction market over the past seven days. The two key themes of the week were definitely “rent” (just like in previous weeks, actually) and “real estate sales to foreigners”. Home rental rates in Antalya Province, the most in-demand one in Turkey since the start of the...
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Despite all efforts, the Turkish Government is still unable to curb the rapid price hikes. Habertürk quotes statistical agencies reporting that the “official” annual rent increased by only 20%. However, the actual difference is far greater: listed apartments are now 2.5 – 3 times more expensive than a year ago, and the prices haven’t reached the...
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According to a freshly published study, there are no rental apartments left for workers who receive the minimum wages of around 5,000 Turkish Liras (TL). The average rent for homes in major, most sought-after districts, such as Kadıköy in Turkey’s largest megalopolis, has exceeded TL 19,000 and currently equals TL 19,450. As of the end of June,...
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Construction of the tallest building not only within Turkey but also in the whole Europe is successfully approaching completion in the country’s largest megalopolis. The 59-story building located on a 15,960 sq m land plot will accommodate the Finance Center. Its total floor area is 350,000 sq m, the height is 310 m and the height with the antenna,...
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REIDIN has published a rating of moving house within Turkey in the second quarter of 2022. This statistical data shows the preferred districts and those with the most “rolling-stone” residents. The rating also highlights relevant trends concerning the reasons for moving. The number of tenants moving house has grown considerably this year compared...
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According to the statistical report published today, home sales to foreigners in June 2022 almost doubled compared to the same month last year (+81.8%): 8630 transactions took place in the sixth month of the year. As a result, the share of transactions with foreigners in total sales amounted to 5.7% - an unprecedented indicator before. As...
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A zoned land plot in Üsküdar District (Istanbul) is on sale. The seller is the Üsküdar Municipality. Bidding will take place on July 21, 2022. The estimated value of the land plot is 30 million Turkish Lira (TL); the collateral is TL 900,000. As for potential applications of the area, it is extremely promising for such a location and price: the...
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The new project by Mesa will be implemented in Maltepe, a district in the Asian side of Istanbul. Mesa has recently announced the Urla Kekliktepe project and has now launched the sales of properties in Mesa Panorama Maltepe. The off-plan project consists of three parts with a total of 317 residences. 1+1, 2+1, 3+1, and 4+1 options are available....
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Analysts keep monitoring home prices all over Turkey, assessing the value of housing by provinces, cities, and districts, and compiling corresponding ratings. The popularity of individual districts fluctuates month on month, which is critical for investors: if you notice the emerging interest in a certain district or neighborhood, you can purchase...
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