News
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This weekly compilation brings you the most important news from the real estate market in the Republic of Turkey. With summer in full swing, it's no surprise that rental housing prices on the Aegean coast have increased by up to 80%. The climate in this region is drier, making it easier to tolerate the current abnormal heat. This price growth...
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According to a statement from the Ministry of Environment, Urbanization, and Climate Change, a total of 32,715 housing units will be constructed in Hatay. The tenders for these projects have already been completed. Hatay is one of the provinces that was severely affected by a devastating earthquake, with its epicenter in Kahramanmaras. According...
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In June 2023, detailed statistics on residential real estate transactions in Istanbul have been released. The results of this are as follows: In Turkey's largest metropolis, 13,578 housing units were bought and sold, accounting for over one-sixth of the total number of transactions in the country. Out of these transactions, 2,148 housing units...
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The Başakşehir Municipality has officially announced that the emergency housing stock in this district of Istanbul, which faces significant infrastructure challenges, has been reduced to 13%. The mayor, Yasin Kartoğlu, declares that Başakşehir is undergoing a transformation and that citizens who want to build their own homes in the area are...
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Apartment and house owners in Turkey who got their hands on buying property on the Aegean Sea can now joyfully rub their hands. Rental rates on this coast have increased by 30-80% this summer, depending on the location. This information comes from Emlakkulisi, referring to the latest research from TSKB Real Estate Appraisal. More...
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Artaş İnşaat is developing a brand-new huge complex, Avrupa Konutları Güneşli, in Istanbul's Bağcılar district. The project will consist of 1,312 residential units and 32 stores, with an estimated cost of over 3.5 billion Turkish liras (3,555,729,286 TL). The developer has already submitted an application to the Ministry of Environment and...
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A total of 409 land plots will be available for sale in the highly sought-after district of Konyaalti in Antalya province. The Ministry of Environment, Urbanization, and Climate Change, along with the General Directorate of Infrastructure and Urban Transformation Services, are the sellers. The auction will take place on July 31, 2023, and...
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A brand-new project, Next Capital, will be constructed in Ankara, the capital of Turkey. The project, developed by Zeray İnşaat, will consist of 491 residences and 91 commercial premises. The declared value is 1,950,120,329 Turkish Liras (TL). The complex will be built on a land plot of 34,769 sq.m., with a total building area of 183,109 sq.m...
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The Ministry of Environment, Urbanization, and Climate Change, along with Turkey's government-backed housing agency (TOKİ), has announced the tender dates for three new projects in Istanbul province. These projects will consist of a total of 1,353 residences. There will be three projects in total, two of which will be located in the Gaziosmanpaşa...
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Analysts complain that the increase of the tax rate and the soaring currency will have a direct impact on the cost of work in the sector of building construction. According to the TÜİK, Turkish Statistical Institute (commonly known as TurkStat, the index of building costs of dwellings grew by 0.77% in May 2023 compared to the...
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