News
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Second-hand sales of residential real estate in the second quarter of 2022 increased by 45% compared to the same period in 2021. This information was published on the specialized analytical portal about real estate Endeksa with reference to statistics obtained from the Association TÜGEM. The number of secondary transactions increased by...
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Istanbul Municipality continues to invest in the transport system of the metropolis. So, there was news about the new railway «branch» of Sefakey-Beylikdyuzu-Tyyap. The long-awaited metro line will cost the state more than $9 billion. It will pass through the districts of Kyuchukchekmedje, Avcylar, Esenyurt, Beylikduzu and Byukchekmedje;...
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Within the framework of providing social housing from TOKI to those in need of 81 provisions, special attention will be paid to the most vulnerable categories. So, pensioners who do not have their own real estate have been allocated a separate quota. Even in the clarifications to the new draft, it was mentioned that disabled people, relatives of...
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The «rush» in the segment of rental housing for university students has started, Hurriyet writes. This year, applicants and those who are already studying were strongly recommended to find and rent a residence in advance, paying for summer weeks as well, so as not to be left without a roof over their heads for the academic year. As, for example,...
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The period of return on investment in residential real estate in most of the largest cities in Turkey is about 200 months, if it is rented out. However, in some localities, taking into account the jump in prices, this period has somewhat lengthened. The reason experts call a record increase in the cost of housing, caused in turn by...
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Provincial governors have started collecting applications for social housing under TOKI-2022 programs. Recall that inexpensive apartments will be provided to citizens with average and below average incomes in 81 provinces at once. This action, which will become the largest social housing project in the history of the Republic of Turkey, is in full...
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The volume of residential real estate sales collapsed almost all over the world – but Turkey was not affected. The Republic has become one of the few states where the volume of transactions for the purchase and sale of residential real estate continues to grow in parallel with the increase in prices for it. Recall that only in Istanbul, residences...
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The problem of renting housing, which has escalated to the limit, primarily concerns the province of Antalya and key cities on its territory: after all, most of the new settlers have been coming here since February. Alanya turned out to be the place where, as the construction market players have long promised, the «rental bubble» burst first due to...
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A selection of the most relevant news of the country's real estate market is in our weekly digest. In the midst of the economic crisis, complicated by the consequences of the pandemic, Turkey has become the world leader in terms of house price growth. By the way, over 20 years, Turkish builders have implemented projects...
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Announcing separate programs within the framework of the social housing project, which is planned to be provided to more than a million citizens, Turkish President Recep Tayyip Erdogan said that now the newlyweds, in particular, will have a chance to quickly get an apartment. Young men and women who marry are often still students or have...
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