Istanbul
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Residential property sales in Turkey have hit a record high in 2020. The sales rush was fueled by the special mortgage campaign that kicked off in late May. The most popular options among property buyers in Turkey are apartments worth from 400,000 to 800,000 TL (€41,000-82,000), and the most popular floor plans are 2+1 and 3+1. According to...
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In 59 provinces of Turkey, 263 earthquake risk zones have been identified, where 1.5 million residential buildings will be renovated according to the earthquake safety program over the next five years. This information was published by the construction and real estate newspaper in Turkey Emlak Kulisi with reference to the Ministry of Environment...
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For the first nine months of 2020, mortgage loans were issued in Turkey for 80 billion TL (about 8 billion euros). 52.5 percent of the total volume of real estate in Turkey purchased on a mortgage fell on four cities: Istanbul, Ankara, Izmir and Bursa. As reported by the Anadolu news agency with reference to the Turkish Banking Regulation and...
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A strong earthquake that struck on the afternoon of October 30 and destroyed several settlements in Izmir province influenced the preferences of property buyers in Turkey. Now those looking to buy a house or apartment in Istanbul or in other cities where there is a risk of strong seismic shocks are considering earthquake-resistent options. Emlak...
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How are the Turkish authorities dealing with the earthquakes risks? Turkey is always working on urban transformation - entire city districts have been renovated to make them more earthquake resistent. Instead of old, worn-out facades of houses, ultra-modern reinforced concrete structures are installed. In total, 6.7 million buildings in Turkey are...
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Experts of the Turkish real estate market recommend investing in land. Land plots are dynamically growing in price. Building plots have risen in price on average by 21 percent over the year throughout the country, farming plots - by 25 percent, industrial plots - by a record 50 percent. The online real estate appraisal platform Endeksacom...
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One of the most interesting historical properties on the Bosphorus (and one of the most valuable properties in Istanbul), Les Ottomans Hotel is up for sale again. The historic hotel, which hosts important social events in Istanbul and hosts world celebrities, has been in court proceedings for a long time and has been put up for sale and removed...
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Turkish nationals are moving to the coasts of the Mediterranean and Aegean Sea because of the coronavirus pandemic. Izmir became the leader in the growth of sales of villas and apartments by the sea in Turkey. The most popular Turkish online newspaper, Yeni Asır, says that the mortgage campaign has led to a rise in prices per square meter. Izmir...
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Prices for land plots aimed for construction in Turkey increased by 21 percent and for farming - by 25 percent. These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. According to the newspaper, the coronavirus has significantly increased the need for people in construction and farming land plots and gardens....
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Foreigners are increasingly buying real estate in Turkey to get Turkish citizenship by property investment. In the last quarter in 2020, about 36 percent of foreign investments were made to get "golden passports". This has been said by the construction and real estate newspaper in Turkey Emlak Kulisi with reference to the real estate appraisal and...
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