Istanbul
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Details of real estate transactions in Istanbul for May 2023 have been published. After the publication of the general monthly report, analysts regularly provide detailed data on the largest cities in Turkey; a little earlier, the figures for Bursa were announced, and now it's Istanbul's turn. So, during May, 18,435 housing units -...
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As usual on Fridays, we bring to your attention a digest of news in the field of residential real estate and construction in Turkey over the past week. The housing rental market continues to boil without subsiding; one of the key news is that the 25% limit on rent increases per year under long-term contracts has been extended, and this has...
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The number of buildings at risk in the event of an earthquake in the largest Turkish metropolis has reached 207,000. The updated statistics were presented by the Turkish media with reference to the figures received from the city municipality. Recall that after the February earthquake with an epicenter in Kahramanmarash, thorough...
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The details of a particularly large project from KIPTAŞ - Beşiktaş Karanfilköy, implemented in Istanbul, have become clear. The complex for 1,361 residences is being built in one of the most popular areas of the largest Turkish metropolis: in Besiktas, or rather, in Akata (Rumelikhisary district). The volume of investments is more...
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We present a traditional cross-section of the most widely read news in the field of construction, housing, buying and renting over the past week. Turkey is still "ahead of the whole planet": according to the updated rating, it leads among 58 countries in terms of housing price growth. Turkish contractors are also setting records;...
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The data on the new Istanbul project from among the most long-awaited have been officially announced. The Office of Mass Housing Construction (TOKI) with the support of the Ministry of Environment, Urbanization and Climate Change. According to the information on TOKI's official website, a new large complex for 622 residences will appear in...
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Pasifik GYO company announced that preliminary sales of three projects - residential complexes, all under the "brand" Next Level - implemented by it in Istanbul have been opened at once. The total cost of the three projects is more than 20 billion Turkish lira (TL). Fatih Erdogan, Chairman of the Board of Directors of Pacific GYO, shared...
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Istanbul Municipality (IBB) immediately sells 5 land plots located in the districts of Kartal, Zeytinburnu and Kyaythane. The auction will take place on June 14, 2023 and will be held by open bidding. Starting prices for plots - by the way, small, not exceeding 205 sq.m. - start from 175,000 Turkish lira (TL) and reach 2,858,940 Turkish TL...
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A new project consisting of 574 residences Valentium Ispartakule will appear in the area of Ispartakule; the developer is Aşçıoğlu Inşaat. Also, 22 commercial facilities will be located on the territory of the megacomplex. The land area is 19,934 sq.m., and the built-up area is 43,742 sq.m. According to preliminary calculations, the...
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The details of Turkish Airlines own development project (THY), which will appear in Yenisehir: Yenişehir Evleri Arnavutköy, have finally been revealed. The project is being implemented in partnership with Emlak Konut; work is already underway. However, housing here is not easy to buy: it will be distributed among the applicants...
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