A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest.
Last week was "marked" primarily by the announcements of several very large projects at once. These include a megacomplex of more than 500 residences in Istanbul's Pendik district and KIPTAŞ Karanfilköy in another sought-after area of Istanbul, Besiktas. Pre-sales have started in Next Level Istanbul.
This city is generally growing by leaps and bounds: details have also become known about the Istanbul "reserve cities" near the new canal being laid, where about a million people will be able to live.
The area of apartments that are being built in the metropolis as part of a nationwide transformation project has also become known.
Information has also appeared on successful "sales": for example, Halkbank once again offers relatively inexpensive residences from among the collateral lots on the bank's balance sheet. Almost five dozen more residences have been put up for sale by the Ankara Municipality.
But the issue of the shortage of available apartments for rent has not yet been resolved; so the Istanbul City Council continues to discuss the possibility of introducing an increased tax for those owners who do not sell their apartments or houses, do not live in them themselves and at the same time refuse to rent: the municipality believes that in such a densely populated city residential real estate it should not be idle.