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For eight months of 2020, a record number of residential real estate was sold in Turkey - 1 million 24 thousand 534 objects. This is 42.6 percent more than in the same period (January to August) last year. Turkish home sales have surged despite the coronavirus pandemic. According to data published by the Turkish Statistics Institute (TUIK), in...
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Thanks to the mortgage campaign that has been going on in Turkey since the beginning of June, the country is running out of homes available for sale. Emlak Kulisi, the construction and real estate newspaper in Turkey, reports that 70 percent of the properties offered for sale through advertisements have been sold so far. So in June 190 thousand...
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The Istanbul Environment and Urban Planning Authority has auctioned 102 properties of Turkey's national heritage. The objects are located in five districts of Istanbul: Atasehir, Kadikoy, Maltepe, Uskudar and Pendik. The cost of objects starts from 160 thousand liras, including state-owned objects for sale - residences and apartments, offices and...
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Home sales in Turkey in August 2020 increased by 54.2 percent compared to the same period last year. This information was provided by Turkish Finance Minister Berat Albayrak, calling this fact great news from the construction sector. A total of 170,408 housing units were sold in Turkey in August this year, the minister said in a statement. Albayrak...
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The coronavirus pandemic has provoked a dynamic growth in demand for detached houses and land plots on which you can build a house and run a farm. According to Emlak Kulisi, the construction and real estate newspaper in Turkey, many Turks today either buy land plots and build houses on them, or sell their city apartment to buy a house in the...
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As it was stated previously, Istanbul will soon have a new architectural symbol - the futuristic Çamlıca TV tower. These days, construction and finishing work is being completed in the building, the height of which is 369 meters, the opening of the tower is planned for the end of 2020. The main goal of this new project in Istanbul is the...
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Turkey has thoroughly prepared to sell real estate to foreigners without any problems even with closed borders and other restrictions related to the coronavirus. In the coming days, the cadastral authorities of the Republic will begin to execute all transactions remotely: a special application, which was launched in mid-January, will now work in...
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From September 15, new rules for the execution of transactions for the purchase and sale of apartments in Turkey come into force. Emlak Kulisi, a construction and real estate publication in Turkey, reports this with reference to the General Directorate of Land Management and Cadastre. Now the cadastral authorities of the Republic registering...
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The owners of the most expensive real estate in Turkey will face a new tax, which will be introduced in 2021. The amount of tax will depend on the cost of luxury housing set by the municipalities: the more expensive a villa or apartment in Turkey, the higher the tax. The following properties will be subject to the new tax: properties worth from...
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Turkey is optimistic about the United States and European countries, which manage to earn serious money on the sale of apartments and houses to foreigners. However, in Turkey itself, the share of foreign investors in housing is still 3.5 percent. These figures have been published by Emlak Kulisi, the construction and real estate newspaper in Turkey...
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