News
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New details are emerging regarding the previously announced sanctions against homeowners who inflate prices for long-term rentals. Justice Minister Bekir Bozdag explained that now homeowners with too big "appetites" can go to jail for a period of 1 to 3 years. In fact, it is planned that this period will be at least two years, and that a...
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The long-awaited route of the NRE network has been put into operation and already carries passengers. The Ankara-Sivas high-speed train line was opened on April 26 with the participation of Vice President Fuat Oktay, Minister of Transport and Infrastructure Adil Karaismayiloglu, as well as key representatives of some political parties. As...
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The entire Istanbul Financial Center is planned to be opened in the next 3-4 months: minor improvements remained, writes Emlakkulisi. Recall that the first stage of the new "business heart" of Istanbul was put into operation quite recently. As part of the second stage, the Central Bank sector will be opened, as well as a number of leased...
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Minister of Agriculture and Forestry Vahit Kirishchi said that the recent strong tremors in 11 provinces cost the economy $105 billion. This includes both construction equipment and vehicles, thousands of units of which were transferred for a certain period to the needs of citizens who are trying to put their houses in order or have...
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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...
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It has been officially announced that a new project will soon appear in the Turkish capital Ankara. It is designed for 212 residential residences; the infrastructure of the complex will also include a shopping center with several shops. The tender for the implementation of the project from the Office of Mass Housing Construction (TOKI)...
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Istanbul Municipality (IBB) is still discussing what to do with hundreds of thousands of empty residences in the metropolis. After all, an impressive amount of living space in Istanbul is not for rent or for sale, and no one lives there for a long time; at the moment, according to approximate estimates, it is from 450 000 to 750 000 houses or...
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Developer Pacific GYO has officially announced the start of pre-sales in its next project Next Level Istanbul, which will appear in the largest Turkish metropolis. The more precise location of the new residential complex is Besiktas; the facade also faces Buyukdere Street - one of the main "blood arteries" of this area. Next Level...
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April pleased the owners of land plots suitable for residential construction: manufacturers of prefabricated factory houses announced another action. According to which, for an amount equal to the cost of an ordinary good apartment, you can buy not just a separate house, but actually an entire villa. Recall that prefabricated houses are an...
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The largest Turkish metropolis is the place where the debate about the risk of earthquakes is most intense, especially after the February events. In addition to the already existing nationwide program for the transformation of cities, the issue of not just moving citizens, but also the transfer of a number of buildings from risky areas to safer...
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