News
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According to official data published by the Disaster Insurance Institute (DASK), half of the buildings destroyed by the earthquake were not insured. Moreover, of the affected provinces, the residents of Diyarbakir were the most careless in this regard. 1,118 million residences out of 2,175 in 10 earthquake-affected provinces did not have...
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Civil engineers of the resort town of Alanya (Antalya province) presented a plan to strengthen the seismic resistance of buildings in the city. Despite the fact that Alanya is located in a low zone of seismic activity (due to the fact that the Taurus Mountains are quite "old" and therefore not very mobile), in light of recent events, local...
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The Ministry of Environment, Urbanization and Climate Change continues to invest in residential real estate without slowing down. Even despite the sad news of the past weeks. The other day, information about new projects that the organization will begin implementing in 2023 in Izmir province was published on the official website of the...
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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. The focus of media attention is still on the elimination of the consequences of the devastating earthquake that occurred at the beginning of last week. However, for the same reason, a number of issues on the agenda have become...
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The next announcement on the sale of the most affordable housing was published by the bank Vakıfbank; this is one of several financial structures in Turkey that implements secondary real estate in the residential sector, mainly collateral. Recall that in exchange for unpaid loans, banks can confiscate apartments and debtors and sell them...
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Real estate buyers in Turkey are increasingly requesting the opportunity to pay one aidat (monthly fee) for residences that are bought by one owner and, having bought, combines them. Recently, taking into account the fact that more and more investors are buying more than one apartment in Turkey. Often buyers take lots in the neighborhood and...
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The population began to be interested in how the rate of rent increase will be determined from July 2023, when the annual restriction will cease to apply. After all, the homeowners insisted on an increase even before the new year. Recall that since July 1, 2022, the authorities, in an attempt to take control of the explosive...
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The state continues to support those wishing to prefer prefabricated factory housing, rather than traditional reinforced concrete. As part of the new campaign, the authorities are ready to compensate the buyers of factory houses 200,000 Turkish lira (TL). Thus, if you choose the minimum format a la «apartment 2 + 1», then such a house will...
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Well-known economist Mert Basharan voiced his expectations regarding prices in the residential real estate market said: «There was a mortgage crisis in the US, and the market collapsed; in our case, there is no need to fear this. The number of homes on sale is small, so prices are not falling. However, after the presidential election, we can expect...
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As part of one of the subprojects of the company «My New Home», which will also provide certain benefits to those who want to buy a second home: the loan term will be up to 15 years (180 months), and the program participants will also be offered partial installments. Which will help reduce credit payments. So far, the details of the...
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