News

  • Construction of a new large complex with a view of the Istanbul Canal starts

    The Office of Mass Housing Construction TOKI has officially announced the imminent launch of a new giant project, a complex overlooking the Istanbul Canal. It will be TOKI Arnavutköy, in the Arnavutkoi district (Cormorant quarter).  It will be separated from the Istanbul Canal proper by only a little over two hundred meters...

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  • There is a shortage of professional builders in Turkey

    A personnel crisis is planned in the construction sector of Turkey. There are a lot of employees, but the most experienced masters with good knowledge and an impressive track record are hired one by one in foreign companies. In other words, they run to work abroad in order to receive a salary in foreign currency. The main reason is that salaries...

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  • A new complex of half a thousand residences will appear in Zeytinburnu

    Due to the Alya Merkezefendi project in Zeytinburnu (Istanbul) 456 new modern residences will appear at once. The developer is BOSS4 Gayrimenkul, which, in addition to half a thousand residential premises, has included 15 shops in the complex's accompanying infrastructure, for the convenience of residents. There will also be a fitness club, a...

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  • The number of office and retail space in Turkey is growing

    The segment of construction and rental of retail and office space is experiencing a period of revival. The Turkish branch of the international analytical company JLL, JLL Turkey, has published a report on the topic «Prospects of the commercial real estate market».  So, by the end of the first half of 2022, there were 14 million square meters...

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  • The size of the quota for social housing for young people became known

    The Department of Mass Housing Construction (TOKI), which plans to provide cheap housing to needy residents in 81 provinces at once, continues to talk about the nuances of providing a roof over their heads to certain categories of socially unprotected citizens.  The key points should be announced today, September 13, 2022, by the President of...

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  • The increase in gas and electricity prices forces us to look for alternatives

    In autumn, gas and electricity prices rose in Turkey.  So, gas has risen in price by 20.4% for residential premises, and immediately by 50.8% for commercial (in this sense, it is good that rates are rising more slowly for heating houses).  Approximately the same indicator is for electricity: plus 20% to the price of electricity for...

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  • A new medical facility will open in Alanya at the philanthropist’s expense

    A few days ago, an agreement was signed on the construction of an innovative medical center in the city of Alanya. It will be built at the expense of the patron.  The medical facility will appear in one of the most popular areas among Russians in terms of buying housing, Mahmutlar. The Mayor of Adem Murat Yudzhel sincerely thanked the...

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  • The Alibeyköy-Eminönü tram line will be commissioned in 2023

    The Alibeyköy-Eminönü tram line, which is so necessary for Istanbul, will be completed in 2023. This was officially announced by the Mayor of the Istanbul Metropolitan Municipality (IMM) Ekrem Imamoglu. Who personally attended the ceremony of the start of work on the new section, which will extend the tram line between Alibeyköy and Jibali to...

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  • Installments in Turkey are replacing mortgages

    Many home buyers from abroad have shifted from mortgages to installments. Recall that since January 2022, foreigners are not legally allowed to take out mortgages, according to the update of the Circular on the Movement of Capital in Turkey. However, this cannot be called «infringement of the rights of buyers»: they even won in some ways. In the...

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  • The fight against illegal realtors continues

    The authorities of all provinces continue to struggle with real estate agencies and individual specialists working in the «gray» or «black» field, including trying to retake or resell the same housing unit to different persons, or allowing violations of another kind. In particular, they sell housing through social networks. Special attention is...

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