News
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Minister of Environment, Urbanization and Climate Change Mehmet Özhaseki shared with media representatives information from the TÜIK Statistical Institute and the Land Registry that citizens of other countries had purchased 17,076 land plots in Turkey with a total area of 28,318 sq. m by November 14, 2023. Moreover, this is not only land for...
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The Turk.Estate portal invites you to familiarize yourself with the weekly digest of the latest real estate news on the Turkish market. The authorities continue to make considerable efforts to normalize the rental market. Two million apartments will be checked to ensure that they are properly rented to tenants and all the rules are followed....
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Rent controls initiated by the Ministry of Commerce to prevent manipulation of the real estate market and restrictions on so-called "tourist rentals" (short-term rental housing) have had their effect. According to Tolga İdikat, CEO of Emlakjet, homeowners who raised prices began to reduce them after inspections and fines. As a result, the monthly...
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Antalya's foreign population, which has increased dramatically since the beginning of the conflict between Russia and Ukraine, has declined in recent months. This is due to tougher conditions for issuing a residence permit for renting and a sharp increase in prices for housing for sale. The outflow was significant — someone returned to their...
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The Office of Mass Housing Construction (TOKI) with the support of the Ministry of Environment, Urbanization and Climate Change, officially announced the launch of its two new projects in the Turkish capital, Ankara. Tenders to find a contractor for these projects will be held in February and March 2024. One new residential complex from TOKI will...
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Modda Port is a new boutique project for sale in Izmir and belongs to the elite A+ category. Moreover, the choice of available apartments is not so great, as there is a special offer with payment benefits until the end of February. You have a chance to become the owner of a residence with a 50% down payment. Modda Port overlooks the bay, and all...
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The Ministry of Treasury and Finance has taken measures to control income from rental housing in Turkey. In addition, documents received from tenants and owners during these inspections will be stored electronically in databases. The authorities remind that you can rent out your apartment in Turkey, but you need to declare your income and pay...
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Fuzul GYO has launched its new project — Fuzul GYO Avcılar — in Ispartakule, Avcılar (Istanbul). It is located on the European side of the metropolis. The hybrid complex will consist of 156,000 sq. m of residential and commercial properties on a plot of 47,000 sq. m. Residential residences will be available in various formats and layouts,...
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The next "long-term construction" in Istanbul is about to be completed: a new 65-kilometre metro line will open in March 2024. It is about the Çekmeköy-Sancaktepe route, which will also include Sultanbeyli. It is about 90% ready. Trains run automatically on an unfinished route in test drive mode. The first stage of the line will be put into...
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The Beşiktaş district is a "record holder" in Istanbul in the amount of aidat — a monthly maintenance fee. This is an average of 5,635 TL per month. Şişli, Sarıyer, Zeitinburnu and Bahçelievler entered the TOP 5. When comparing the Turkish provinces, aidat in Mugla is the most expensive: the average amount of this payment increased by 97%, to...
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