News
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A selection of the most relevant real estate market news is in our weekly digest. The rapid rise in house prices in Turkey has slowed down, but probably not for long. The reason for this is the measures taken by the authorities to provide low-income groups with preferential housing. Work is also actively underway to strengthen, modernize...
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Last month’s statistics showed that residential properties in Turkey became 191.4% more expensive on average compared to last year. The growth rates can be even higher in the most popular locations with beautiful nature, extensive facilities, and high demand from buyers and tenants. For instance, this indicator surged to 218.1% in Istanbul, 223.5%...
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Erdal Eren, President of the Turkish Contractors Association (TMB), said that the country has already come close to the figure of one hundred thousand workers from among Turkish citizens who were invited and are now involved in a variety of construction projects abroad. The number of contract projects in international markets has been...
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The deputy of the IYI party from Mersin, Zeki Hakan Sydaly, said that taking into account the current price increase, if earlier civil servants on retirement could purchase 3+ 1 housing (with three bedrooms) on savings and bonuses from the salary of an official, now this amount is barely enough for ... one room. Not even a tiny apartment or studio...
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A few days ago, a press conference was held in Ankara dedicated to the official «launch» of a new business complex significant for the Turkish capital: Nev201. In honor of the opening, you can purchase your favorite premises with a 20% discount, subject to payment immediately (without installments or credit). Nev201 is a...
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The columnist of the newspaper Dünya Alaattin Aktash named the reason why the rate of increase in prices for residential real estate across the country began to decline (despite the fact that for many months the dynamics was simply frightening). After all, according to the Central Bank, as of August 2022, the cost of new buildings has increased by...
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Sales are in full swing in the «status» complex Primera Alacaatlı for 324 residences, implemented in the capital of the Republic of Turkey, in the district of the same name (Alacaatli). Lots here are designed for a wealthy buyer: 5 + 1 and 6 + 1. The complex can also be considered «iconic» due to its infrastructure, where there is even its...
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The Ministry of Environment, Urbanization and Climate Change reported on the successful renovation, strengthening or repair of 3.2 million residences as part of a nationwide urban transformation project. The head of the department, Minister Murat Kurum recalled that ideally, we would like to achieve an indicator when by 2035 there...
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The 5* hotel, unusual in its format of operation, will open its doors to the first guests in the largest Turkish metropolis in three months. This is reported by Turkish bloggers. The «atypical» luxury accommodation means that guests will be able to live «according to their own time». More precisely, choose the hours of arrival and...
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The total cost of the future «alternative to the Bosphorus», previously announced at $15 billion, has increased to $20 billion. This was reported by the Emlakkulisi portal with reference to the words of the Minister of Transport and Infrastructure Adil Karaismayiloglu. Despite the rise in the cost of the project, the Istanbul Canal...
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