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Houses and apartments in Turkey continue to rise in price. Market experts say that in the coming winter, the traditional winter decrease in home sales is likely not to happen: the demand for real estate in Turkey is growing and development companies are going to announce much fewer new construction projects in the coming months. The reasons for the...
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Sales of prefabricated houses in Turkey have increased three to four times. This is especially true in the province of Izmir, where an earthquake struck on October 30 and destroyed thousands of properties. Along with the increasing demand for prefabricated housing, the demand for land in Turkey also continues to grow. Small plots of land for...
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In 59 provinces of Turkey, 263 earthquake risk zones have been identified, where 1.5 million residential buildings will be renovated according to the earthquake safety program over the next five years. This information was published by the construction and real estate newspaper in Turkey Emlak Kulisi with reference to the Ministry of Environment...
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For the first nine months of 2020, mortgage loans were issued in Turkey for 80 billion TL (about 8 billion euros). 52.5 percent of the total volume of real estate in Turkey purchased on a mortgage fell on four cities: Istanbul, Ankara, Izmir and Bursa. As reported by the Anadolu news agency with reference to the Turkish Banking Regulation and...
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The Turkish authorities began to think about a safe and sustainable urban development of the country for the next fifty to one hundred years. The Turkish Ministry of Environment and Urban Development has taken up planning that takes into account today's main threats (coronavirus and earthquakes) and implies a massive transition of Turkish cities to...
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A strong earthquake that struck on the afternoon of October 30 and destroyed several settlements in Izmir province influenced the preferences of property buyers in Turkey. Now those looking to buy a house or apartment in Istanbul or in other cities where there is a risk of strong seismic shocks are considering earthquake-resistent options. Emlak...
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In his speech to the people after the meeting of the Turkish Cabinet of Ministers (which took place today at the Presidential Palace), Erdogan noted the successful results of the construction and real estate industry in Turkey. According to the president, in the first nine months of 2020, sales of houses and apartments in Turkey reached 1.2 million...
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How are the Turkish authorities dealing with the earthquakes risks? Turkey is always working on urban transformation - entire city districts have been renovated to make them more earthquake resistent. Instead of old, worn-out facades of houses, ultra-modern reinforced concrete structures are installed. In total, 6.7 million buildings in Turkey are...
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Demand for low-rise houses and villas in Izmir has skyrocketed since the devastating earthquake struck in the Turkish province of Izmir on October 30. Experts of the Turkish real estate market note that some properties have been rising in price by 150,000 TL a day: today a villa costs 850,000 TL, the next day - already 1 million TL. Houses built...
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The coronavirus pandemic has affected overseas home sales all over the world. Turkey, which has shown itself to be a safe country with a developed healthcare system, has become one of the leading countries in real estate sales to foreign investors. According to the Anadolu news agency, in the first nine months of 2020, sales of Turkish housing to...
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