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The most popular cities among foreign property investors in Turkey in 2020 include Istanbul, Antalya, Ankara, Bursa, Mersin, Yalova, Sakarya, Izmir, Samsun and Aydin. The Turks topped the list of the most active buyers this year (thanks to the mortgage campaign), followed by nationals of Iran, Iraq, Russia, Kuwait, Kazakhstan, England, Azerbaijan,...
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Due to the coronavirus pandemic and related economic problems, many tenants in Turkey have stopped paying their rent on time. What about the owners of the rented housing in such cases? Takvim Gazetesi has published instructions on this matter. The relationship between the owner of real estate in Turkey and their tenant is regulated by Article 299...
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Despite the consequences of the coronavirus pandemic, sales of residential real estate in Turkey to foreigners have increased, says the Emlak Kulisi newspaper. So in September, foreigners from different countries bought 5,269 apartments and houses in Turkey (26 percent more than in September 2019). In nine months of 2020, foreigners bought 26,165...
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Turkey's budget proposal for 2021 includes an estimated income from a new tax on luxury housing of 350 million TL. Starting from the new year, real estate objects in Turkey that cost at least 5,000,000 TL (€566,000) will be taxed. And the more expensive the property is, the higher the amount of annual tax the owner of valuable real estate will...
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In Turkey, land plots and detached houses in the secluded areas continue to rise in price. How long will the rise in price last? Is it profitable to invest in real estate in Turkey right now or is it worth waiting for a price rollback? What about apartment prices? Check out these and other forecasts and the top news of the week on Turk.Estate...
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In Bursa, the fourth largest Turkish city, the restoration of the Demirtaspasa quarter (Bursa Demirtaşpaşa Konakları), which is also known an open-air museum, is being completed. The old quarter consists of three historical properties in Turkey - mansions belonging to the architectural heritage of Bursa. The mansions are adjacent to the ancient...
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The average property prices per square meter in the Turkish capital have exceeded 2,000 TL (€213) for two years in a row. Apartments in Ankara were rising in price for 15 months in a row, reaching their highest level at the end of August 2020. The average cost per square meter in Ankara increased by 19.8 percent in 8 months and amounted to...
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Taksim Square in Istanbul may become a park. These days, the municipality is voting for a new design of the famous tourist spot in the central part of Istanbul. The city residents will also be able to take part in the discussion of the IMM project and the Istanbul Planning Agency (IPA). Three versions of the design project, submitted to the vote,...
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The average housing cost per square meter in Istanbul has increased (from the end of August 2019 to the end of August 2020) by more than 1,000 TL over the year. These figures have been published by Emlak Kulisi, the construction and real estate newspaper in Turkey. The property prices growth stats for apartments in Istanbul are as follows: in...
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Although the rise in property prices in Turkey continues to be observed in the autumn 2020, the average property cost per square meter reached a historical maximum - 3530 TL (about €380) in August 2020 according to Emlak Kulisi, a construction and real estate newspaper in Turkey. The national average cost of a square meter was declining for 5...
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