Real estate
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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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The Office of Mass Construction (TOKİ) is launching four new campaigns with the support of the Ministry of Environment, Urbanization and Climate Change. Four residential complexes will be built in Istanbul and Ankara for low-income families. Tenders for all four projects will be held in late February and March 2024. The total number of apartments...
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A brand-new project of 539 residences has been launched in Gaziantep, Şahinbey district. The cost of the project is 438,825,000 TL. The project is called Lalav Antepia Plus named after the Lalav Group developer. This means that it is a branded complex. The area of the construction site is almost 75,000 sq. m. It does not require an environmental...
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The Fuzul GYO developer has signed a contract to implement a project in Firuzköy (Avcılar district, Istanbul). There will be a large residential complex for 1,100 apartments with 50 commercial areas. The total land size is 46,782 sq. m. Fuzul GYO has recently invested heavily in new housing projects. It was reported that a residential complex for...
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A new conceptual project called "the best in the region" will be implemented in Sakarya, which has become a centre of national and international trade due to its strategic location, which is important for Turkish industry. It is about Paye Sakarya, a joint venture between Halk GYO and Haldız İnşaat. It will fully meet the requirements of the...
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An impressive residential project by TOKİ — TOKİ Istanbul Gaziosmanpaşa — is designed for low-income families. It includes almost 700 apartments: 665. The residential complex is located in one of Istanbul's districts, Gaziosmanpaşa. In addition to the complex, there will be landscaped areas, landscaping and all the necessary social...
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TÜIK reports a significant decrease in the number of licenses to build new buildings: from 1.4 million to 520,000 in a few years. If the number of such permits amounted to 725,294 in 2021, 695,804 in 2022 and only 520,209 in 2023 (by the end of November). The peak figure of 1,405,447 was recorded in 2017 and has been consistent since 2022. The...
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Here is a selection of the most relevant news of the Turkish real estate market. The most interesting statistics: Foreigners have bought almost 30 million sq. m of land in Turkey; Three key metropolitan areas account for a third of home sales; The cost of housing in the three largest megacities has grown; The cost of construction has risen...
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The Electronic Concrete Monitoring System (EBIS), which was developed to electronically monitor the quality of construction by adding special chips to concrete, has been applied to almost half a million buildings, or in 432,797 buildings in Turkey. The technology for controlling chips is developed by AselsanNET. In 2018, the Ministry of...
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"There will not be a single earthquake unsafe residence in the metropolis," local authorities assure. The country is changing, and half of 650,000 off-plan housing units, which will be provided to those living in dilapidated buildings belong to the municipality. The candidate for the future mayor of Istanbul, Murat Kurum, visited the demolition...
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