Real estate in Turkey: the main news of the past week – August 3-9

Real estate in Turkey: the main news of the past week – August 3-9

We present a traditional selection of the most iconic news of the week in the real estate segment of Turkey, which this time turned out to be quite non-trivial:

It turned out that for Europeans, «wintering» in Turkey will save many thousands of euros if you move to the sea for several weeks or months - and when staying in a 4* hotel with meals. 

One of the country's key football clubs, Galatasaray, has clarified its plans as a real estate investor. 

There are plans to build housing on the empty campus of Ankara University to provide a roof over the heads of a number of families.

Rumors about the suspension of work on the Istanbul Canal - a future «alternative» to the Bosphorus Strait - have not been confirmed: they were publicly denied by Minister Murat Kurum.

Poor families can receive up to 20,000 Turkish lira from the government as a subsidy for housing, but only on condition that they choose the option of building a so-called «factory house». However, it is also possible to receive compensation for the repair of existing housing in a pre-emergency or emergency condition, but already in the amount of 75,000 liras. 

The statistics of requests from renters have changed: for a given period of time, the older the renters are, the cheaper housing they are looking for. 

Well, especially the long-awaited news: it will be possible to get to the airport of the Asian part of Istanbul very soon by metro.

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