News
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The cost of one square meter of residential real estate on average in Turkey has reached 12,571 Turkish lira (TL), and the average cost of one housing unit is now equal to 1,634,230 TL, analysts say. The average payback period for housing investments at the moment is still 19 years. According to Endeksa, housing prices in Istanbul...
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Although the volume of residential real estate sales in October decreased compared to the previous year, it is not worth expecting a decline in housing prices due to a slowdown in demand, analysts believe. Some experts note that the rise in the cost of construction has not yet fully affected the market value of housing. Which, on the...
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Towards the end of 2022, updated information about current rental rates in different areas of the largest Turkish metropolis - Istanbul - and its environs appeared in local media. Let's clarify that these are average indicators, and besides official; so, despite the fact that in some places there is still an amount of less than 5,000 Turkish lira...
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A few days ago, both local Antalya media and social networks «blew up» the news that on the portal Change.org A petition has been launched demanding a ban on the sale of housing to citizens of other states on the territory of Antalya province. That is, in such popular resorts as Antalya, Alanya, Side, Belek, Kemer, Manavgat, Kash, Kalkan, etc...
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Due to the new high-speed train route, the duration of travel from Ankara to Sivas and back will decrease from 12 to a little over two hours, Anadolu Ajansi writes. Minister of Transport and Infrastructure Adil Karaismayiloglu said that a 99.67% readiness indicator has been achieved in infrastructure works on the new high-speed train line, namely...
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A new landmark complex from the developer Som Yapı will decorate one of the Istanbul districts in the European part of the city, Bashkshehir. The project was named Som Olimpiyat Konakları.There are 328 residences planned in 2+1, 3+1 and 4+1 formats; their area starts from 104, 161 and 216 square meters, respectively. With a...
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The draw for social housing from TOKI has officially started. In Istanbul, Ankara and Izmir, the winners are selected from among the candidates. The social housing project is designed to provide a roof over the heads of those who cannot buy an apartment at market value. The sale of residences will be carried out with a 10% entry fee,...
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We present another selection of the most interesting news of the construction and development market over the past seven days. The week was rich in numbers and statistics. Thus, housing prices have increased by 194% over the year, and the volume of housing transactions in Turkey has increased by an average of 7% in 10 months,...
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Gerkem Ogyut, CEO of the analytical portal for real estate valuation Endeksa, commenting on a recent study, said that as a result of exchange rate hikes and due to inflation after the pandemic, rental prices increased by 155% across the country over the past year and by 258% over two years. The average rent is now 6,520 Turkish lira (TL)...
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According to the Resonance Consultancy, Istanbul has entered the top twenty cities in the world. The rating of the 100 most attractive settlements on the planet has been updated, and the largest Turkish metropolis has reached the 20th line. Istanbul also took 11th place in the rating subcategory, namely, «Sights and cultural...
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