News
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Turkish developers have implemented projects worth $4.3 billion outside the country, although the domestic market faces some difficulties. In particular, the requirements for developers will be reviewed. The largest housing stock for sale is located in the Marmara region, but there is a shortage in Northern Cyprus, which is experiencing a surge in...
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Alinur Aktaş, Mayor of Bursa, says: "We are building 16,000 units of new social housing in our city, with affordable prices and convenient payment terms." Therefore, similar to other progressive cities in Turkey, Bursa adheres to sustainable development trends and enforces urban transformation measures. 100,000 residential units will undergo urban...
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The new summer season in Turkey has started. As inflation is strong, hotels and other properties have raised prices. Many people who want to relax cannot afford it, at least for the local population. In addition, many people planned to go on holiday after breaking the fast, which ended in Turkey a week ago. As a result, more and more of the...
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Development market players have sounded the alarm: a number of standards have not been updated for a long time and are very outdated. This does not correspond to the country's approach to urban transformation, sustainable development and safe construction. In particular, if certain conditions are met, a contractor for the construction of small...
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Cyprus, the third-largest island in the Mediterranean region, after Italian Sicily and Sardinia, is increasingly attracting the attention of international property investors. There is a serious demand from Europeans, Balts, Iranians and Russians in the TRNC (Turkish Republic of Northern Cyprus). The number of land plots for development in Northern...
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According to the relevant media, contractors from Turkey completed work abroad totaling $4.3 billion in the first quarter of 2024 alone. Moreover, according to official statistics from the Ministry of Commerce, the total value of projects implemented by Turkish firms abroad has risen to $31.1 billion per year. For example, despite the fact that...
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Victims of the earthquake with an epicentre in Kahramanmaraş on February 6, 2023 receive housing. Residents of Gaziantep, one of the provinces closest to Kahramanmarash, one of the most affected, will move to new village houses. Some buildings in rural areas of the Nurdağı district were put into operation and transferred to the homeless. Yakup...
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The Wyndham Hotels&Resorts international hotel chain has announced that it is going to expand in the Turkish market bringing the number of hotels under their own brands to 150 by the end of 2025. So, in addition to 111 hotels, another 39 are expected to open in the country. The portfolio of Wyndham Hotels& Resorts includes 9,200 hotels in...
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The famous shopping center — Taurus AVM — located in one of the central districts of the Turkish capital, Çankaya — is one of the most popular in Ankara. So, the news agenda was shaken by the information that it is being put up for sale for TL 2.482 billion. The auction will take place on May 29, 2024, and the mall will go under the hammer for...
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Analysts have named the province in the Marmara Sea region with the largest housing stock for sale. This is Kocaeli: 26,974 residential units — apartments and houses — are waiting for new owners here. The total number of lots for sale in March 2024 increased by 3% compared to February — by 983,520 units. Overall, the Marmara Sea region and...
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