News
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The Turkish authorities have decided to create satellite mini-cities in Istanbul". They will appear on both sides of the Istanbul Canal under construction, an "alternative" to the Bosphorus. Such a "city within a city" format is needed, among other things, for the resettlement of megalopolis residents from emergency and similar buildings...
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Rent is one of the income items of those who have residential real estate in Turkey. Nevertheless, you need to be careful with the choice of tenants: the other day, the news thundered in the Turkish media that several apartment owners who rented housing to illegal immigrants were fined 321,440 Turkish lira (TL). During the checks for the...
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They promise to open the first metro line in Mersin in 2023. The Pioneer line is 13.4 km long, judging by the project, it will consist of 11 stations. It starts from the municipality of the Mezitli district. The new metro will be very advanced even by modern standards: it is planned to equip it with smart city technology and a fully...
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"Villa for half price" is offered in April by manufacturers of factory houses. And they are not joking: developers offer such a prefabricated structure, which is a detached house that looks almost like a villa, and in fact a panel duplex, for 839,000 Turkish lira (TL) - with its area of 150 sq.m. Recall that "factory houses" (or...
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The banking "wing" of the Istanbul Financial Center officially opened yesterday, April 17, 2023. The ceremony was attended by key players of the business world and the banking sector. Recall that the Istanbul Financial Center is a new huge business complex in the largest metropolis of Turkey: office space alone occupies 1.3 million square...
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The Minister of Environment, Urbanization and Climate Change Murat Kurum said that contractors have already begun the construction of about a tenth of the village (intended for rural areas) houses that will be built on the territory affected by the tremors: 13,400 units out of the planned 143,000. The projects of these village houses...
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The first Turkish car charging service provider Eşarj will build 1,000 charging stations in the country by the end of 2023. Eşarj will direct more than 90% of the newly received investments to fast charging points, which it will place in absolutely every province: at least one "point" in any of the 81 provinces, depending on their size and...
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Minister of Transport and Infrastructure Adil Karaismayiloglu recently clarified information on the Basaksehir-Kayashehir metro line under construction, the opening of which is eagerly awaited by residents of several Istanbul districts at once. There will be four stations on this line with a total length of 6.2 km: Onurkent, City Hospital,...
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In January-March 2023, the Turkish contracting sector carried out works outside the country totaling $4.1 billion. Having managed to implement a total of 52 projects on the territory of other states in the first quarter of the year. To clarify, over the past 50 years - the period when statistics on this issue are being kept - local...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our traditional digest for the week. The provinces that were leading in terms of transactions in March became known. Istanbul and its susceptibility to tremors also remain in the focus of attention: given the overpopulation of the metropolis, it...
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