News
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After the announcement by TÜIK of residential real estate sales data for April 2023, Bursa was again in fifth place in terms of transactions - as, indeed, it is almost every month. Recall that Istanbul has the first place, Ankara has the second, Izmir has the third, Antalya has the fourth. Bursa accounted for 3.5% of transactions from the total...
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Pre-sales have started in the new project consisting exclusively of villas Armada Praxis Yalikavak Geriş Villas in Yalikavak. Recall that Yalikavak is one of the resort villages in the vicinity of Bodrum, the "Turkish Riviera". This is where some of the best hotels in the area are located, in particular. The Armada Praxis...
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According to the Presidential Decree published in official sources, the arrears of rent payments for February, March and April 2023 in the provinces where a state of emergency has been declared will be canceled. The amounts of lease payments for these months are subject to refund or deduction, depending on the expiration or continuation of...
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The Minister of Environment, Urbanization and Climate Change pleased the inhabitants of the Prince Islands with several good news at once. Recall that earlier on the Prince Islands there were difficulties with some title documents regarding certain lands whose status was not approved, or infrastructure. Now, the fate of a number...
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Ziraat Bank has announced that it provides new opportunities for those wishing to buy their own homes. In particular, the financial institution sells secondary real estate. Recall that housing prices have risen sharply in recent months due to an increase in the cost of construction and high inflation. Nevertheless, the number of those...
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The Ministry of Environment, Urbanization and Climate Change has begun working on the issue of reducing the aidat - monthly maintenance fees for apartments and houses. So far, it has been announced that the amount of these fees will be reduced by 18%. Management companies and private managers who overestimate the cost of work on such...
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The Institute of Human Rights Equality of Turkey (TIHEK) has signed a new important decision regarding the terms of the lease. The reason for this was a recent precedent when a fine was imposed on the landlord and intermediaries. The reason was the refusal to single tenants: on the website, in the description of the rented residential...
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The number of applications for participation in Yarısı Bizden campaign has exceeded 670 000 units of real estate that will be converted, Emlakkulisi clarifies. A new campaign was launched by the authorities of "Half of Us" with the aim of transforming risky Istanbul buildings into safer ones as soon as possible. In a nutshell, the general...
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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. According to official statistics published recently, April was not the best month in terms of real estate sales: the volume of transactions fell by 35% compared to the same month of the previous year. Foreigners also bought...
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Russians in April 2023 somewhat slowed down the pace of housing acquisition, but they are still in the lead. We present the latest data published recently by the Turkish Institute of Statistics. The volume of transactions with foreigners decreased by more than half - by 60.3% compared to April 2022: 2,557 transactions. This is 3% of the...
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