Istanbul
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The most popular cities among foreign property investors in Turkey in 2020 include Istanbul, Antalya, Ankara, Bursa, Mersin, Yalova, Sakarya, Izmir, Samsun and Aydin. The Turks topped the list of the most active buyers this year (thanks to the mortgage campaign), followed by nationals of Iran, Iraq, Russia, Kuwait, Kazakhstan, England, Azerbaijan,...
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In Turkey, land plots and detached houses in the secluded areas continue to rise in price. How long will the rise in price last? Is it profitable to invest in real estate in Turkey right now or is it worth waiting for a price rollback? What about apartment prices? Check out these and other forecasts and the top news of the week on Turk.Estate...
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The average property prices per square meter in the Turkish capital have exceeded 2,000 TL (€213) for two years in a row. Apartments in Ankara were rising in price for 15 months in a row, reaching their highest level at the end of August 2020. The average cost per square meter in Ankara increased by 19.8 percent in 8 months and amounted to...
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Taksim Square in Istanbul may become a park. These days, the municipality is voting for a new design of the famous tourist spot in the central part of Istanbul. The city residents will also be able to take part in the discussion of the IMM project and the Istanbul Planning Agency (IPA). Three versions of the design project, submitted to the vote,...
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The average housing cost per square meter in Istanbul has increased (from the end of August 2019 to the end of August 2020) by more than 1,000 TL over the year. These figures have been published by Emlak Kulisi, the construction and real estate newspaper in Turkey. The property prices growth stats for apartments in Istanbul are as follows: in...
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Foreign buyers of houses and apartments in Turkey love Istanbul and this is the most popular destination for buying property. In the first nine months of 2020, foreigners bought 11,966 housing objects in Istanbul. The September total (2,370 properties) became the highest monthly sales indicator for the entire 2020. Antalya became the second most...
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Over the past six months of the mortgage boom and the related rise in property sales in Turkey, housing prices in some provinces have increased by record 39-50 percent. However, in some cities and provinces, very little or no rise in price. For example, the rise in housing prices was only 10 percent in Rize, Kyshehir, Yalova, Karaman, Ordu. In some...
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In Turkey, an increase in rental prices is observed. The online real estate appraisal platform Endeksacom released stats according to which the national average annual growth rate of rental prices is 15.07 percent. The biggest rise in rent is observed in Diyarbakir, Eskisehir and Antalya. Thus, in Diyarbakir, the annual increase in rent is 25.3...
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Apartments and houses continue to rise in price in Turkey. According to the stats for the last six months (published by the Emlak Kulisi real state newspaper), the minimum increase in prices of real estate observed in Turkish cities and provinces was 20 percent, while the average increase in the cost of renting apartments in Turkey was 15...
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Founder and CEO of Turkey's online real estate appraisal platform Endeksacom Görkem Ogüt analyzed the world ranking of real estate price growth rates. According to the world real estate market index, published by the British company Knight Frank, the TOP-150 cities where housing is becoming more expensive were headed by three Turkish cities. Izmir...
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