News
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The Office of Mass Housing Construction (TOKI) announced the sale of almost four hundred - namely, 390 - land plots in 25 provinces, including the largest megacities and their agglomerations: Istanbul, Ankara and Izmir, where land is profitable. Potential buyers are offered the option of installments: repayment within 48 months. The full list of...
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The Turkish Institute of Statistics has published data on residential real estate sales for August. With the exception of the segment of transactions involving mortgages, according to the results of both August and eight months of the year (from January to August, compared with the same period of the previous year), sales went up. Here are the...
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What is the status of the work under the urban transformation program covering all provinces of Turkey? The mayor of the Ankara Metropolitan Municipality, Mansur Yavash, spoke about the situation in Ankara. In particular, a lot of attention is paid to the Mamak district, which is considered a sleeping area. There were some plans to build 10,000...
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A large complex of 1,400 apartments will be launched in Izmir in the next two months. Its name is Forum Göztepe, and it is a branded project: the company's portfolio has another Forum brand project — Forum Bornova (also in Izmir). Moreover, Forum Göztepe is not only a residential complex, but also a hybrid one: with commercial (most likely...
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The latest news of the real estate market of the Republic of Turkey is presented in the traditional weekly digest. Bodrum residents complain about high taxes, which is not surprising: real estate in Mugla, and in the resort of Bodrum in particular, has always been more expensive than in other provinces. Housing for $300,000 has risen in price to a...
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The Cengiz Holding Bodrum project has finally started. The complex, which is being implemented on a land plot of 678,000 square metres, will include 100 villas and a hotel under the international Bvlgari brand. However, the project does not have such a simple fate: its implementation was canceled twice for a certain period of time. Although the...
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The Central Bank's Housing Price Index published at the end of April showed that Turkey is experiencing a record increase in house prices: by 89.2% year-on-year. One of the most sought-after provinces is Sakarya (near Istanbul). This province is famous for its natural beauty and unique location, as well as a number of large industrial enterprises....
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The inflated high property tax in Bodrum has caused disputes and numerous appeals from the inhabitants of this region to the authorities. Before the elections, the candidate for mayor of Bodrum from the People's Alliance, Mehmet Tosun, beat the thresholds of the Bodrum Agricultural Chamber and the local tax inspectorate, representing the interests...
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Those foreigners who have purchased residential real estate — apartments and villas — in Turkey to obtain "citizenship by investment" under an accelerated procedure, sell them. There are two reasons: the first one is a sharp rise in price, which means that it is an opportunity to make good money on the price difference, especially when this housing...
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The real estate market in Northern Cyprus is supported by foreign buyers, although sales in Famagusta have fallen, demand from investors from abroad is still strong, and prices are steadily rising. Nicosia is in high demand. According to official sales statistics published by the Department of Lands and Geodesy, the total number of real estate...
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