News
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A sharp surge of the rent encouraged many owners of summer houses to review their priorities. Summer houses in Turkey are owned by many families with medium and above-medium income; these properties are comfortable enough to live there all year round. It’s just that they are usually located on the seaside and simpler furnished, etc. So now, when...
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The Ministry of Environment, Urbanisation and Climate Change and Real Estate Regulation and Supervision Agency listed a land plot in Korkuteli, Antalya Province. Many buyers are interested because its location makes the land plot suitable for residential development – an important factor for a resort region. There are 856 square meters of land....
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Please see below the most relevant news on the Turkish real estate and construction market over the past seven days. The two key themes of the week were definitely “rent” (just like in previous weeks, actually) and “real estate sales to foreigners”. Home rental rates in Antalya Province, the most in-demand one in Turkey since the start of the...
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Construction work goes on day and night to complete the Cultural Center in Mahmutlar (a town near Alanya in Antalya Province). Adem Murat Yucel, Mayor of Alanya, visited the site in person a few days ago to check the quality of construction. The Cultural Center that Mahmutlar badly needs, as the Mayor reminded, is supposed to be commissioned in...
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Antalya is undoubtedly popular: from 2017 to 2021, it accounted for 20.2% of housing purchase and sale transactions with foreigners out of 206,768 such transactions across Turkey. It is curious, though, to look at nationalities of foreign investors who preferred this region. Selman Özgün, Chair of the Board at Helmann, noted that over the past 5...
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According to Eurostat, Turkey’s home prices (for both purchase and rent) are almost the fastest-growing in Europe. Turkey is an undisputed leader by selling prices but other countries compete with it by rent rates (at least according to official data). For instance, the rent in Turkey grew by an average of 20% across the country, which is less...
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Housing sales in Turkey are finding new momentum quickly to make up for stalling over the two previous pandemic years. The recently published sales performance for June 2022 is more than positive. For instance, the number of residential properties sold over half a year, since January, has been almost a third larger (31.4%) than over the same...
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Despite all efforts, the Turkish Government is still unable to curb the rapid price hikes. Habertürk quotes statistical agencies reporting that the “official” annual rent increased by only 20%. However, the actual difference is far greater: listed apartments are now 2.5 – 3 times more expensive than a year ago, and the prices haven’t reached the...
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The real estate market in Bodrum is having a really intense season in 2022. To a significant extent, it is ramped up by sales to foreign investors who are very interested in Muğla resorts, particularly Bodrum, despite the rapid price surge. Dağlarca Çağlar, member of the Board at Çağdaş Holding, explained that every fourth real estate transaction...
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Requirements to applying for an initial residence permit are being continuously updated. On specialized Telegram accounts, local residents are sharing that in Istanbul, persons applying for a first-time residence permit are getting SMS messages inviting them to pass social adaptation courses in Turkey. The word “inviting” is not exactly correct,...
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