We cover a wide range of the hottest topics in the Turkish real estate news for the last week.
Land sales in Turkey are at their peak. As for residential real estate, apartments and houses on the Black Sea coast is in high demand.
Prices keep going up as well, partly due to the rise in the cost of building materials: concrete alone jumped by 30%. Wooden construction can be a way out of the situation — new standards have been created.
Thus, the expectations of the local population are growing: the number of mortgage transactions is decreasing in 76 provinces, and few people can afford to buy real estate for cash.
However, the authorities are betting on overseas buyers. They announced plans for rental and sale income for 2024.
Rent and other issues are on the agenda. As it turned out, most of the tenants have settled down in Istanbul.