News
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President of the Republic of Turkey Recep Tayyip Erdogan has officially announced that the country's goal in the near future is to receive $75 billion in the contracting sector. In the sense of signing projects abroad for this amount, writes Emlakkulisi. The President announced ambitious plans at the awards ceremony for achievements in the...
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Real Estate Department of Cesme district (Izmir province) announced the upcoming sale of two plots at once: in the Eylul 16 and Dalyan quarters. The tender for the sale of land in Cesme will be held on September 15, 2022 by open bidding. One plot is almost three times larger than the second: the size of a small one is 1050 square...
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In the middle of next month, namely, on September 13, 2022, Turkish President Recep Tayyip Erdogan plans to announce details regarding the provision of «social» apartments for people with low incomes, in particular, the most vulnerable groups of the population: pensioners, disabled people, etc. Also, citizens receiving the minimum wage...
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Disputes over the size of the aidat - a monthly payment levied from all owners for the maintenance of a house or residential complex (cite) – do not stop. Since the aidat is often growing at almost the same pace as the rent. In some places across the country, it has increased by 200% over the year. Moreover, according to the owners of...
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We present the most significant news of the real estate and construction segment in Turkey over the past week. At least two legal-related news deserve attention. Firstly, real estate agencies began to actively check for violations. Secondly, the authorities allowed the conversion of unclaimed offices into housing, in order to expand the...
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A number of offices are to be transformed into residential premises, according to Turkish media. This decision was made as part of a program to reduce the growth rate of real estate prices, for which it is necessary to replenish the «free housing stock» available to the local population. At the same time, many offices are now idle...
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More than 1.6 million contracts related to the purchase and sale of various real estate (not only residential) were concluded in Turkey in January-June 2022. Let's clarify that the data for seven months, taking into account commercial real estate, land for various purposes (fields, etc.) have not yet been announced. The total revenue...
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Recently, Turk Estate said that Alanya was the first city where the «rental bubble» of inflated prices burst. Housing rental rates began to decline in a number of provinces, gradually covering the entire country. Recall that over the past year, only according to official data, rent on average in Turkey has risen by 153%, and in four...
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Development and construction companies in Turkey have implemented projects worth about $6 billion abroad in just seven months of 2022, the Emlakkulisi portal reports. Other interesting figures: from 1972 to the end of July 2022, 11,293 projects worth $459.6 billion were successfully commissioned. Despite the political instability and the...
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The authorities have strengthened control not only over companies selling housing and real estate agencies, making sure that they work without violations and «in white», but also for individual owners who rent housing privately. So, in Alanya, a real estate owner was fined, who at various times rented his residence in Kestel to foreigners: it was...
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