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Turkey's mortgage campaign is ending. Turkey's authorities and banks managed to accomplish an economic miracle in three months: to attract personal savings of residents to the real sector of the economy affected by the pandemic. How is the Turkish real estate market performing today? The top property news in English on Turk.Estate. In June and...
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420 thousand apartments and houses were sold in Turkey in June and July 2020. These figures have been published by Emlak Kulisi, the construction and real estate newspaper in Turkey. The reason for the record sales is the mortgage campaign with the interest rate lowered to the lowest level of 0.64 percent. So in June 2020, 192,012 housing objects...
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Representatives of Turkish construction companies, included in the TOP-250 best developers in 2020, spoke about the plans and the real state of the sector. According to Bloomberg LP with reference to the Turkish Contractors Association, 44 Turkish construction companies were included in the 2020 world ranking. Turkey ranked second in terms of the...
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After the pandemic, Turkish young people and white-collar workers who had not previously considered land plots as an investment option began to invest in land after the pandemic. Emlak Kulisi, a real estate publication in Turkey stated that over the past ten years, the average age of investors in land in Turkey has dropped significantly, today the...
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At the end of August 2020, the special mortgage campaign in Turkey will expire. This campaign started at the end of May and caused a stir in the Turkish real estate market. Property buyers in Turkey have been offered the lowest interest rates in history, deferral of payment for a year or two and the longer loan terms. During the mortgage campaign ,...
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A unique property in Turkey is up for sale. In Istanbul's Kuruchesme district, Taut House has been set out for sale. This house is a Japanese-style villa designed by the German urban planner and architect Bruno Taut at the beginning of the last century for his family. The cost of the pink house on pillars, which has become the symbol of Istanbul,...
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Turkey's authorities continue the social program, under which farmers can lease state land plots on favorable terms and at half price. From January to July 2020, 200 hectares of fertile land in various provinces of Turkey have already been leased in this way. The provinces of Balikesir, Kutahya and Burdur have become the leaders in the number of...
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In Istanbul, during the coronavirus pandemic, the demand for residential real estate located on the shores of the Bosphorus has increased - luxury homes with gardens, which are one of the symbols of Istanbul. On both sides of the Bosphorus, the coastal zone of low-rise buildings hosts 600 mansions with gardens, 366 of which are historical buildings...
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The American magazine on construction Engineering News Record (ENR) has published the list of the 250 largest contraction companies in the world. Turkey is already in the second place in the ranking! The ENR professional rating is based on the annual income of international construction companies at home and abroad. In last year's ranking,...
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July mortgage sales of houses and apartments in Istanbul have reached the highest level in recent years. The Istanbul Municipal Bureau of Statistics (IBB) has published data showing that mortgage sales in July 2020 increased tenfold and sales of secondary housing - by 174 percent. In July, a total of 39,432 housing units were sold in the...
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