News
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As usual on Fridays, we bring to your attention a digest of news in the field of residential real estate and construction in Turkey over the past week. The housing rental market continues to boil without subsiding; one of the key news is that the 25% limit on rent increases per year under long-term contracts has been extended, and this has...
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The number of buildings at risk in the event of an earthquake in the largest Turkish metropolis has reached 207,000. The updated statistics were presented by the Turkish media with reference to the figures received from the city municipality. Recall that after the February earthquake with an epicenter in Kahramanmarash, thorough...
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The TÜIK Institute of Statistics announced data on the number of housing transactions in May 2023 in Bursa, the fourth largest settlement in Turkey. 4,216 residential units have found owners here in a month. For Bursa, the total volume of housing transactions in the country for May was 3.7%: Bursa was in fifth place, after Istanbul,...
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A new residential complex for 353 residences will appear in Ankara, the capital of the Republic of Turkey. In addition to housing, 85 stores are planned here. The complex was named ONYX Ankara; the place for it was chosen in Sinjan. The preliminary project has already been approved, and the Ministry of Environment, Urbanization and Climate...
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Although real estate sales to foreigners in May decreased by 46.9% compared to the same month last year (3,167 units), it is still significantly more than in April, when 2,557 transactions were recorded. Here we can talk about the beginning of the implementation of deferred demand, which analysts mentioned a little earlier: foreign investors, like...
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Rent increases for housing are still on the agenda. And one of the recently announced solutions to this problem may be a bill that is currently under consideration in the Ministry of Justice: "The Law on Rent". Firstly, as already reported, it is planned to extend for another year the validity of the decree limiting the growth rate of rent...
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The details of a particularly large project from KIPTAŞ - Beşiktaş Karanfilköy, implemented in Istanbul, have become clear. The complex for 1,361 residences is being built in one of the most popular areas of the largest Turkish metropolis: in Besiktas, or rather, in Akata (Rumelikhisary district). The volume of investments is more...
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Judging by the recently published report on residential real estate sales for May 2023, the "subsidence" in the volume of transactions observed in recent months has noticeably declined. Despite the fact that during the period January-May, the number of home sales in Turkey decreased by an average of 16%, compared to May of this year with May of...
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The first area in Turkey, consisting entirely of bungalows, is waiting for buyers who want to settle in the vicinity of Istanbul. The name was chosen appropriately - "Green Quarter" (Yeşil Mahalle); in this mega-complex there are 168 bungalows with an area of 59-89 square meters at once. The place for the "Green Quarter" was chosen near...
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The housing stock of Izmir Province will be replenished by another new complex from the TOKI Mass Housing Construction Department. It will appear in Aliaga, and 614 new residences are planned in the complex at once. It also implies the construction of 32 commercial premises, according to preliminary plans, these will be shops and trade...
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