Istanbul
-
The official launch of the KIPTAŞ - KIPTAŞ Karanfilköy project has been announced. So, in the very heart of Istanbul, 1361 new residences will appear at once. The project will be implemented in partnership with MESA ASL ADI. The KIPTAŞ Karanfilköy complex will be built in the Besiktas district. The announced amount of investment - 3 168...
Read more -
Minister of Environment, Urbanization and Climate Change Murat Kurum revealed details regarding residential residences that will be built as part of the urban transformation program in Istanbul. For example, typical lots of the 2+1 format - with two bedrooms - will have an area of 100 square meters, and 3+1 - 120 square meters. Murat Kurum...
Read more -
By tradition, we remind you of some of the most interesting news in the construction and real estate sector of Turkey over the past week - the last one in April. The pace of home sales decreased in March; this is partly due to an increase in the cost of construction. Wage growth does not "keep up" with the rise in real estate prices, so...
Read more -
KIPTAŞ, a subsidiary of Istanbul Municipality (IBB), has announced another of its projects as part of the urban transformation program. An application for KIPTAŞ Kaper Sitesi has been submitted to the Ministry of Environment and Urbanization. The volume of investments is estimated at 557,366,173 Turkish liras (TL); the process of assessing...
Read more -
Minister of Transport and Infrastructure Adil Karaismayiloglu spoke about the Istanbul-Ankara high-speed train project, which will simplify the movement between the capital and the largest Turkish metropolis. Recall that lines are also being laid connecting Ankara with other major cities, in addition to the already existing high-speed...
Read more -
A selection of the most relevant news of the Turkish real estate market is in our weekly digest. Despite the fact that the average cost of a housing unit in Turkey has reached 2.3 million liras, the growth rate of housing prices in the country has slowed somewhat; economists comment on the reasons. Moreover, the construction itself, on the...
Read more -
The Turkish authorities have decided to create satellite mini-cities in Istanbul". They will appear on both sides of the Istanbul Canal under construction, an "alternative" to the Bosphorus. Such a "city within a city" format is needed, among other things, for the resettlement of megalopolis residents from emergency and similar buildings...
Read more -
The banking "wing" of the Istanbul Financial Center officially opened yesterday, April 17, 2023. The ceremony was attended by key players of the business world and the banking sector. Recall that the Istanbul Financial Center is a new huge business complex in the largest metropolis of Turkey: office space alone occupies 1.3 million square...
Read more -
Minister of Transport and Infrastructure Adil Karaismayiloglu recently clarified information on the Basaksehir-Kayashehir metro line under construction, the opening of which is eagerly awaited by residents of several Istanbul districts at once. There will be four stations on this line with a total length of 6.2 km: Onurkent, City Hospital,...
Read more -
A selection of the most relevant news of the real estate market of the Republic of Turkey is in our traditional digest for the week. The provinces that were leading in terms of transactions in March became known. Istanbul and its susceptibility to tremors also remain in the focus of attention: given the overpopulation of the metropolis, it...
Read more