News
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Hürriyet Emlak, a real estate newspaper in Turkey, has published fresh data on real estate rentals for August 2020. According to the rental index (Hürriyet Real Estate Index), the rent growth rate is the highest in the following provinces: Mugla (86.25 percent year on year), Mersin (42.21 percent), Balikesir (35.23 percent), Tekirdag (30.55...
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More and more foreigners from the Middle East bring raw gold in their luggage to Turkey (the permitted amount is five kilograms) in order to use the proceeds to buy real estate in Turkey and obtain citizenship for the whole family as an investor. Foreigners received the right to carry with them during the flight up to five kilograms of gold sand or...
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Apartments in Turkey will continue to rise in price. The reason for the further rise in prices is no longer the mortgage boom (which is gradually reducing turnover), but the rise in prices for the key materials for housing construction - iron and concrete. Turkish developers and real estate sellers are engaged in fierce discussions with producers...
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For several years in a row, Istanbul has been the leader in the number of housing and commercial real estate purchased by foreigners in Turkey. In 2020, the TOP-6 of the most popular Turkish cities and provinces among foreigners looks like this: Istanbul, Ankara, Antalya, Mugla, Bursa, Yalova. In 2018, 55,000 foreigners bought apartments and houses...
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The General Director of the Main Cadastral Office of Turkey Mehmet Zeki said that nationals of 148 countries have already become the owners of real estate in Turkey. According to the expert, in the first eight months of 2020, despite the coronavirus pandemic and the restrictions, foreigners bought 20,000 properties in Turkey. Istanbul and Ankara...
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A new era awaits the Turkish real estate market, which will begin with the launch of the online platform GABORAS (GOS). The purpose of the new platform is to provide a wide range of services related to the construction and sale of real estate in Turkey: from issuing construction licenses to buying and selling new and secondary housing, obtaining...
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Representatives of the construction and real estate sector in Turkey have sharply criticized the rise in prices for iron and concrete. Experts explain that even a 30% rise in the cost of these two key construction materials will negatively affect the sector. Since the beginning of 2020, the cost of a ton of iron in Turkey has increased from 3,000...
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A list of current prices for renting apartments in Istanbul by district has been published. Emlak Kulisi, the real estate publication in Turkey, has reported that rental prices in new buildings in Istanbul are increasing almost daily today. A large number of apartments bought during the mortgage boom are rented out at a higher price as the rent...
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Land sales in Turkey have grown thirty-fold during the coronavirus pandemic. These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. Those who, before the covid outbreak, were planning to invest in apartments, reoriented to buying land, which can be used for construction (it is profitable to resell it to...
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Turkish authorities are working on the new Real Estate Law that will regulate the most common problems real estate agencies and consultants experience in Turkey. Hakan Akçam, President of the Etimesgut Real Estate Consultants Association (Ankara): “Our initiatives have led to the launching of research in Ankara on the main problems real estate...
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