A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest.
The rental housing segment continues to be somewhat feverish, and the authorities continue to make attempts to cope with this phenomenon and take the main processes under control.
It has already become known that the 25% limit on rent increases during the prolongation of long-term contracts will be extended for at least another year.
In order to reduce the number of applicants for rented apartments and houses and thereby "unload" the market a little, new preferential conditions for the purchase of their own housing were announced to the poor.
Another alternative is factory "prefabricated" houses, which are being improved by leaps and bounds, and now they are not much different from capital buildings - despite the fact that they are much cheaper. Moreover, there are many formats; manufacturers have announced another promotion, already for "quick assembly" villas - the layouts are almost the same as for ordinary detached houses.
Recall that prefabricated housing can be built on its own site, which is suitable for construction for its intended purpose. Well, land sales are held every now and then, including in winning locations in the largest cities - Istanbul, Izmir, Ankara.
Developers also come out every now and then with new initiatives concerning the improvement of newly built housing; recently it became known that even economy-class residences are gradually beginning to be equipped with smart home systems.
Well, a little Istanbul news: in May, more than 4,000 housing units were sold here, and all new projects continue to enter the market. Not only residential complexes, but also offices and shopping centers: for example, another large shopping center has been announced, which will appear in the Avdzhylar district.