News
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Although residential real estate sales in February 2024 increased slightly compared to previous months, when there was a decrease in the number of transactions, the sale of housing in mortgages fell in 76 provinces out of 81. For example, while the volume of deals in Istanbul grew by 9%, mortgage loans fell by almost half: by 46.9%, from 3,167 to...
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Referring to the data obtained from the latest Toplumun Görünümü 2023 Kent ve Konut raporu report, the media writes that the largest number of tenants in Turkey is concentrated in Istanbul. 37% of the tenants are in this city, where not everyone who wants to live here can afford to buy their own home. As you know, the average cost of a housing...
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The Ministry of Environment, Urbanization and Climate Change has prepared a new Regulation on the principles of design, calculation and construction of wooden buildings. It was published in the Official Gazette, and the new rules on wooden buildings come into effect on January 1, 2025. The main reason is to ensure safety. If the new rules are...
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New large residential projects continue to appear in Istanbul as part of the urban transformation programme, thanks to which, as the authorities assure, there will not be a single apartment in poor condition in the metropolis. One of these is Nevadium Istanbul of 1,100 residences. It will be a branded residential complex by Neva Prestij Yapı. It...
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A new multifunctional complex, including 167 residences, 94 offices and 88 shops, will appear in Konya. The developer is Ahlatçı Otomotiv Inşaat. The complex will be built in Selçuklu. It will consist of four queues-blocks. The land area is 25,300 square metres. The total building area, including blocks A, B, C, D, will be 122,699 square metres...
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Ekrem İmamoğlu, Istanbul Mayor, announced on his official social media account the start of "testing" (test drives) of the important Ümraniye-Ataşehir-Göztepe metro line for the city. As you know, this is a transport long-term construction. The line was suspended in 2017, and it began to be implemented. By the way, thanks to the development of...
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A selection of the most relevant real estate market news in Turkey is in our weekly digest. Experts advise not to delay the purchase of housing: the average cost of 1 sq. m has exceeded $1,000 in the country. Locals are increasingly buying land plots to build more budget houses instead of buying expensive residences. The cost of land is steadily...
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According to our tradition, we publish every Friday the latest news about real estate, construction and transport infrastructure in Turkey over the past week. Last year's economic difficulties continue to affect the entire sector. For example, the number of building permits issued has tripled compared to the annual average several years ago...
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Mansur Yavaş, the mayor of the metropolitan municipality, pleased the residents of the capital with good news: the authorities have launched a new round of investments in the development of the metro in Ankara. The city will expand the M2 line with a length of 9.36 km, consisting of 5 stations (Koru-Yaşamkent and Koru-Bağlıca), and the M4 line...
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High prices are an obstacle to buying a home in Turkey. So, the share of families with their own houses and apartments is gradually declining. This figure was above 60%, but dropped to 58%. This happened because housing in Turkish lira has risen in price tenfold over the past few years. Meanwhile, the annual demand of Turkish residents for housing...
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