News
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The consequences of the earthquake in February 2023 lie in the negligence of developers or the authorities. The inspections revealed that up to 30 per cent of the Turkish population lived in buildings that either partially or completely did not comply with the regulations or were built illegally without a permit. "We are not afraid of earthquakes:...
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The Turkish authorities announced their plans to finance for workers’ housing (lojman) from the budget and review building sites. These measures will be implemented by determining the cost of renting/selling properties and land plots on which these "workers' dormitories" are located, which are called lojmans in Turkey. However, there is an...
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According to analysts, the price per square metre of residential real estate in Turkey has exceeded TL 30,000. After December 2021, January 2024 was marked as "having the lowest rates and the slowest price growth" in the last 25 months. In addition, rising real estate prices, interest rates on bank housing loans and credit restrictions for...
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The Office of Mass Housing Construction (TOKI) is launching a new project in the capital of the Republic of Turkey, Ankara. The project will be located in Gölbaşı and include a total of 545 housing units. The project of a residential complex with more than half a thousand apartments will include 18 commercial areas for shops. The tender to search...
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Home sales to foreigners in March sank by 47.9% compared to the same month last year (a total of 1,778 units), and decreased by almost the same amount in the first quarter — January-March — by 48% compared to the same period last year: a total of 5,685 housing units. As a result, the citizens of the Russian Federation bought the most, who have been...
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The dream of Antalya residents will soon come true: a high-speed train station will appear in the resort capital. This railway will connect Antalya with Eskişehir, which will reduce the way between Istanbul and Antalya to 4 hours and 45 minutes. Abdulkadir Uraloğlu, Minister of Transport and Infrastructure, told residents about it. So, Antalya...
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March 2024 was a showcase month for residential property sales in Turkey: the total slump in deals, which began last autumn (winter stagnation and uncertainty in the run-up to the March elections), decreased to a minimum of 0.1% this month compared to March 2023. Although people trust mortgages less and less. Here are the exact numbers for...
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Istanbul’s trading companies, which moved their shops and offices away from the city centre, focused on the central districts.The main reasons are transport and logistical problems and staff difficulties outside the city. As you know, the move was caused by an increase in rental rates and the emergency condition of many buildings in the centre of...
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There will be 1,116 new properties in Gölbaşı (Ankara) in the residential complex, which is called Jewell Premium Incek. The Ünsal Park Yapı developer has started implementing a huge housing construction project, which will consist not only of the already mentioned almost 1,200 apartments, but also 22 commercial zones (shops). Its site covers an...
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"The elections are over — new taxes or their increase are coming," the Turkish media exaggerate the painful topic. Another tax hike is expected in the country: it is inevitable due to inflation. However, there are rumors about a new real estate tax, for example, an increased tax on valuable housing: the authorities plan to collect TL 115 million in...
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