Real estate in Turkey: the main news of the past week – November 26-December 2

Real estate in Turkey: the main news of the past week – November 26-December 2

At the turn of the last two months of 2022, we publish a digest of the most interesting news of the real estate market of the Republic of Turkey over the past week. 

 

It is not worth waiting for a decrease in housing prices in the country; the increase in the cost of it even forces potential investors to look for alternatives.

 

Therefore, local residents have high hopes for the social housing project, the distribution of residences for which has already begun. 

 

For many families, this is a real salvation, because it is no longer possible to rent an apartment on a minimum wage. Especially in megacities: for comparison, a rating of average rental prices for different districts of Istanbul has been published. 

 

Turkish citizens blame foreigners for everything, because of which, in their opinion, prices for rent and for the purchase of housing have rapidly climbed up; even a petition has appeared with a proposal to ban the purchase of residential real estate by citizens of other states on the territory of Antalya province. 

 

By the way, the number of Turkish provinces may increase markedly in a few months. 

 

Well, the country's transport infrastructure continues to develop actively; in particular, the number of high-speed train routes connecting major cities is being replenished. The Ankara-Sivas line, designed to reduce travel time from 12 to two hours, is already 99% ready, and Ankara-Izmir is about half.

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