News
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The attention of investors in Istanbul is attracted by the new Nival Florya project, about the beginning of construction of which we wrote, a branded complex from Nivak Group. It is distinguished from others by unusual "horizontal architecture" style properties, including four-storey ones. Many of them have their own terraces and gardens. The area...
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Turkey is switching to eco-friendly energy sources. Thus, the Istanbul air hub will become the first airport to be completely powered by solar energy. The launch of its own solar power plant is scheduled for the end of this year. Selahattin Bilgen, Acting Director General of Istanbul Airport, stated that "following the Sustainable Development...
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Housing, the price of which in 2015 was 1 million TL, reached 15 million TL by the end of 2023, according to the latest statistics. Moreover, if you look at the intermediate option — the second pandemic 2021 year — then by that time residential real estate of this type had increased in price to 2.7 million or less than three times, in a little over...
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The price for 1 sq. m of housing in Istanbul in September 2021 was equivalent to 15 grams of gold — a square meter costs 22.4 grams. Economists told the Turkish media about this. Housing investors are more attantive to alternative investment options — how much housing costs in dollar terms and precious metals. Moreover, gold in Turkey is a popular...
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A new project for 600 apartments has been launched in one of the largest megacities in Turkey, in Bursa. It will be a branded LCD from the company Bak Yapı — Bak Yapı Bursa Veysel Karani. In addition to six hundred residential lots, there will also be 50 shops. The area is 16,672 sq. m. Almost 1,800 people can live here in six sections of a large...
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The Presidential Palace is being implemented in the Turkish Republic of Northern Cyprus (TRNC). Although it was originally built by TOKI — another tender was held for it. The background is that during his visit to Northern Cyprus in 2021, Turkish President Recep Tayyip Erdogan stated that "... the presidential government of the Turkish Republic of...
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We present the traditional digest of construction and real estate news for the last seven days. The news was full of rental information last week. The summer holiday season will begin soon, and it has begun on the Antalya coast. The Aegean coast is getting ready for summer. Nevertheless, prices for seasonal rentals in Çeşme, Izmir, have gone up....
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The summer season in Turkey has started. Anyone who looks at rental prices in elite resort towns cannot believe, for example, the owners rent out their villas for TL 3.4 million in Çeşme (Izmir) from June 15 to September 30. This is equivalent to $105,000 at today's exchange rate. Unsurprisingly, some might have thought that the house was for sale...
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According to real estate brokers, rising prices for the sale and rental of housing in Izmir accelerated the so-called "reverse migration". Mesut Güleroğlu, head of the Izmir Chamber of Real Estate Agents, said, referring to the statistics, that ordinary managers with a small salary or pensioners decide to leave the city centre or go to the...
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The RAMS Global developer is implementing its branded housing project in Gebze — RAMS Denizkent Bayramoğlu. This residential complex offers a variety of apartment layouts — up to 5 bedrooms (from 1+1 to 5+1), including duplexes. 3+1 real estate prices start at TL 6.95 million. The total area of the RAMS Denizkent Bayramoğlu project is...
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