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Experts of the Turkish real estate market state that homeowners who have greatly inflated prices on the wave of the mortgage rush will now have to wait a long time for buyers. The unique mortgage campaign in Turkey is on the wane: loan amounts have already fallen, interest rates have risen, and the upward trend will continue. By August 2020, the...
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Emlak Kulisi, a Turkish construction and real estate publication, reports a sharp increase in demand for Turkish housing among Chinese investors. Most of the transactions with buyers from China are carried out online. Apartments in Istanbul are the most popular options among Chinese investors (popular areas include Beykoz, Maslak, Umranie). Most...
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Incredible as it may seem, the coronavirus pandemic has revived the real estate market of the most fashionable and prestigious Turkish resort, Bodrum. The wealthy residents of large cities, tired of quarantine, began to massively buy villas and apartments in Bodrum. The Turkish real estate publication Emlak Kulisi reports that the rise in apartment...
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Real estate sales in Turkey in the first half of 2020 amounted to 1,058,448 housing units, despite the coronavirus pandemic and related restrictions. These figures have been published by the Anadolu news agency. Most of the apartments were sold during this period in Istanbul (150,699 objects), the second place was taken by Ankara (93,511 objects),...
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Over the past five years, 148,996 houses have been sold to foreigners in Turkey. Turkish specialized media published statistics on the interest of foreigners in Turkey's real estate: citizens of 145 countries have bought 148,996 apartments and houses over the past five years. The largest number of buyers turned out to be residents of Iraq....
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Turkey is experiencing a dynamic rise in prices for secondary housing. How have prices changed in 2020? In which cities and provinces is the secondary housing sold most often? How much does a square meter cost in different cities in Turkey? By the end of 2020, Turkey will be able to claim the European leadership in the number of real estate...
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Emlak Kulisi, a Turkey's real estate newspaper, listed the key problems the Turkish construction sector is experiencing now. Problem No. 1: industry cutdown In 2019, the construction industry of the Republic experienced a sharp decline (by 8.6 percent) due to the political situation. Construction expenses decreased (by 9.8 percent),...
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The Turkish Ministry of Environment and Urban Planning released data on home mortgage sales in July 2020. Thanks to the mortgage campaign, the number of mortgage apartments sales increased by 1,000 percent in July compared to July 2019. In July 2020, 141,434 objects were sold using the mortgage in Turkey, while a year ago, 14,348 objects were sold...
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The Turkish housing market continues to be agitated by the mortgage campaign: both new and under construction apartments in Turkey as well as secondary housing are in high demand. Together with the growth in demand, property prices are steadily rising. Experts predict that in 2021 apartments in Turkey will dynamically rise in price, because...
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This forecast has been given by Turkish developers and realtors, expecting that with the opening of a number of international destinations in August 2020, the volume of home sales in Turkey to foreigners will sharply increase. The sellers’ forecast is that sales to residents of other countries will increase from 45,483 objects (last year's result)...
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