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Since 2003 – that is, over 20 years - Turkish contractors have carried out $458.4 billion worth of work abroad. Namely, on the territory of 131 countries. The quality of Turkish construction has become famous all over the world, and the number of orders is increasing. In particular, the total cost of 132 projects implemented in the first six...
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The growth rate of housing prices in the largest Turkish metropolis, where real estate rose by 12.4% in May alone, amounted to 145.5% over the past year. Adjusted for inflation – 41.4%, but it is still a record level, writes Habertürk. The columnist of the publication Abdurrahman Yildirim clarified that the price for an average residence with an...
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The president of the Istanbul Chamber of Realtors Nizameddin Asha expressed confidence that during the year exorbitant rental rates will still fall: «The rent for housing at the current cost of 10,000 Turkish lira per month will be reduced to 6,000-7,000». Mr. Asha explained this to the press by saying that, in his opinion, the «fever period» in...
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Another interesting housing project will appear on the territory of Antalya province, in the popular Konyaalti district. After the beginning of the conflict between Russia and Ukraine, the Antalya region was filled with foreigners. By the way, it is in Antalya that Russians and Iranians (from among foreign investors) buy the most housing...
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The Office of Mass Housing Construction TOKI continues to invest at full speed in a program to provide a maximum of residents with average and below average incomes with their own housing. Recall that the goal of this program is to provide 1.2 million residences across the country to those in need by 2023. So, in Konya, the Konya...
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In the largest Turkish metropolis, a 200% increase in the amount of rent was recorded for the period from January to July 2022. The recent innovation, which does not allow to bully the tariff when extending long-term contracts for the next year, has not yet managed to normalize the situation. But the tenants are especially upset by...
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Favorable housing prices, which are difficult to find even in promotions from TOKI for the provision of social apartments, were announced by two large Turkish financial organizations at once. Thus, banks have joined a program that allows as many residents of the country as possible to get a chance to acquire property: after all, the...
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Constant changes in the rules concerning obtaining a residence permit, especially since the financial threshold for obtaining citizenship under the accelerated procedure was raised from USD 250,000 to 400,000 puzzle homeowners and those who are just planning to buy an apartment in Turkey. Not so long ago, the authorities published a list of areas...
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The famous Istanbul mansion Beylerbey (Beylerbeyi Sakıp Sabancı) was rented for 600,000 Turkish lira (TL). We did it specifically for the filming of a new Turkish TV series on the territory of the building. This will be Star TV's first project under a special agreement with OGM Pictures; the filmmakers were attracted by the...
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In the first quarter of 2022, Turkey became the «leader of the planet» in increasing the cost of residential real estate. This was announced by the international real estate consulting company Knight Frank, presenting a report for January-March. The study has just been published because the processing took quite a long time: data...
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