Istanbul
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Of the 20 million Turkish apartment buildings, 7.5 million are seismically unsafe and in need of renovation. This statement, timed to coincide with World Housing Day, was made by Nimetullah Kaya, chairman of the board of directors of the construction and investment company Şua İnşaat (Istanbul). He stressed that the urban transformation of...
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Despite the fact that sales of Turkish real estate increased in the first half of 2020 by 23.5 percent compared to the same period in 2019, the share of foreign buyers was only 0.9 percent of the total number of transactions. The reasons for such a sharp decline in overseas investments are the coronavirus pandemic, restrictions on international...
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The engineering and construction company KDM, which provides construction, management and rental services for more than fifty shopping centres, has published a map of shopping centres in Turkey. According to the results of the company's research, in 2006-2015, 278 shopping centres were opened in the country, in 2016-2020 - 80 shopping centres. Now...
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When planning to buy an apartment in Istanbul, you should focus not only on the price of housing, but also on the aidat - the monthly costs of maintaining the complex and its facilities. In some housing estates in Istanbul, aidat has dropped by 10 percent during the pandemic, but in most of the districts it remains at a record high. Despite the...
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A unique property in Turkey is up for sale. In Istanbul's Kuruchesme district, Taut House has been set out for sale. This house is a Japanese-style villa designed by the German urban planner and architect Bruno Taut at the beginning of the last century for his family. The cost of the pink house on pillars, which has become the symbol of Istanbul,...
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In Istanbul, during the coronavirus pandemic, the demand for residential real estate located on the shores of the Bosphorus has increased - luxury homes with gardens, which are one of the symbols of Istanbul. On both sides of the Bosphorus, the coastal zone of low-rise buildings hosts 600 mansions with gardens, 366 of which are historical buildings...
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July mortgage sales of houses and apartments in Istanbul have reached the highest level in recent years. The Istanbul Municipal Bureau of Statistics (IBB) has published data showing that mortgage sales in July 2020 increased tenfold and sales of secondary housing - by 174 percent. In July, a total of 39,432 housing units were sold in the...
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Home sales in Turkey to foreigners amounted to 2,741 objects in July 2020 - 34.6 percent less than in July last year. These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. The largest number of foreign buyers in July are nationals of Iran. What cities and provinces were the most popular? Istanbul became...
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Residential property prices continue to considerably rise in Turkey, with the highest growth rate in July recorded in the provinces of Antalya (30.67 percent), Sanlıurfa (28.88 percent) and Gaziantep (24.17 percent). The TOP-10 provinces, where housing prices rose the most, also included: Adana, Konya and Izmir, Ankara, Bursa, Istanbul and Kocaeli....
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The Turkish Statistical Institute (TUIK) has published information on the record increase in apartment prices, which was observed in July 2020. According to the index, not only the record sales of real estate were observed in July, but also a significant increase in the prices of houses and apartments - on average, by 19.5 percent. In...
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