A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest.
Land plots are being sold in 40 Turkish provinces at once: 499 lots. Land plots generally remain «on the agenda» for several months: land plots are one of the most stable investments, especially with a purpose for residential construction.
The official structures also took care of families with low incomes who want, but cannot buy a plot at a market price: the Department of Mass Housing Construction will sell a hundred plots of land on preferential terms. This is in addition to the already announced actions concerning the provision of social housing for the poor.
Which start in one district, then in another, as part of a nationwide program. For example, you can apply for preferential residences in Adyaman, having only 2,000 Turkish lira «under your pillow», 225 cheap apartments for beneficiaries will also be auctioned in Fethiye, despite the fact that this is a popular resort town.
800 new apartments from TOKI will appear in the Arnavutkey district of Istanbul; an additional school will also be built next to them.
Market analysts are beginning to summarize the interim results of the year. Thus, sales in January-August 2022 increased by an average of 18%, compared with the figures for the same period in 2021.
Not only housing prices are rising, but also construction costs (however, it is expected).
Well, Russians have been leading in terms of the volume of purchased housing in Turkey for many months, compared to citizens of all other countries.