Real estate in Turkey: the main news of the past week – May 20-26

Real estate in Turkey: the main news of the past week – May 20-26

We present some of the most significant news events of the country's real estate market over the past week.

 

The nuances of everyday living remain on the agenda, and especially rental rates, which the government has promised to take under control after the elections.

 

As well as other aspects of the housing rental market: firstly, rent payments for residents of the affected provinces have been canceled for three months. Secondly, landlords who do not want to rent apartments to non-families are waiting for sanctions.

 

The good news is a possible future discount on aidat for owners. Well, or tenants, if, by agreement with the owner of the apartment or house, they pay for the rent themselves.

 

There is also interesting information about some districts and regions, in terms of the situation on the housing market: for example, apartments in popular areas of Samsun province have risen in price to an average of 2 million Turkish lira.

 

The province of Bursa also attracts attention, the "capital" of which is the fourth megacity in the country. The province as a whole was ranked fifth in terms of residential real estate sales.

 

However, the first place invariably belongs to Istanbul. Here we received pleasant news for the inhabitants of the popular area - the Princes' Islands, or Adalar. Where a large-scale update is coming. 

 

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