News
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At the end of 2022, Ziraat Bank announced another campaign, promising to make a number of citizens homeowners for a minimum amount: only seven thousand liras of the initial payment. This is a very attractive offer in light of the fact that over the past 12 months, housing prices in Turkey have increased by almost 200%. In the current...
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Preferential campaigns were announced one after another in the last days of 2022. The so-called "factory house" (ready in the sense of configuration, factory assembly) with an area of 70 square meters and a 2+1 format, that is, with two bedrooms, could be purchased for only a quarter of a million Turkish lira (TL), even taking into account the...
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The share of home ownership in Turkey has decreased to 55.5%. That is, only half of a small number of households (families) have their own roof over their heads; the rest either rent apartments and houses, or live-in office, under certain conditions. According to a study conducted by the Center for Economic and Social Research of the...
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Prices for residential real estate in the largest Turkish metropolis are "going" to another record. Thus, according to the housing price index for October 2022, announced by the Central Bank of the Republic of Turkey (the index is published belatedly), the average price per square meter of residential real estate in Istanbul has increased to $1,432...
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The municipality of Kyzyljahamam (Ankara province) reported that almost 2.5 dozen land plots were put up for sale. The auction will take place on January 4, 2022 at 11:00 and will be held by open bidding. The land area varies almost tenfold: from 746.56 to 7215 square meters. The starting cost ranges from 0.4 million to 3,247 million...
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For some people who want to buy a house in Turkey with an eye on obtaining citizenship under an accelerated procedure, it makes sense to hurry up and make a deal before December 31, 2022 inclusive. The fact is that already from January 1, 2023, some adjustments concerning "citizenship by investment" come into force, although the amount remains the...
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The Pendik-Sabiha Gokcen branch of the Istanbul metro, finally put into operation in September 2022, contributed to the rise in the cost of residential real estate along its route. Ihsan Chulkhalyk, Chairman of the Board of Directors of Insay Yapı, confirmed that the demand for housing in the areas adjacent to the line has grown...
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Minister of Environment, Urbanization and Climate Change Murat Kurum said that 5,135 million "valid" applications were submitted for the project "My first home, my first workplace". That is, those where the applicants met the requirements. This figure broke the historical record for the number of applications in promotions of this kind...
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The other day, the results of the REIDIN-GYODER New Building Price Index study for November 2022 were announced. Recall that REIDIN-GYODER collects and analyzes statistics on housing erected by large developers and corporations: they are referred to as "branded projects". So, in November 2022, compared to the previous month, the 1+1...
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A selection of the most relevant information guides of the real estate market of the Republic of Turkey is in our weekly digest. The most significant news last week related mainly to the categories of newly received statistics, as well as to the social sphere. The first 50,000 holders of preferential residences have been...
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