Real estate
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Developer Pacific GYO has officially announced the start of pre-sales in its next project Next Level Istanbul, which will appear in the largest Turkish metropolis. The more precise location of the new residential complex is Besiktas; the facade also faces Buyukdere Street - one of the main "blood arteries" of this area. Next Level...
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April pleased the owners of land plots suitable for residential construction: manufacturers of prefabricated factory houses announced another action. According to which, for an amount equal to the cost of an ordinary good apartment, you can buy not just a separate house, but actually an entire villa. Recall that prefabricated houses are an...
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The largest Turkish metropolis is the place where the debate about the risk of earthquakes is most intense, especially after the February events. In addition to the already existing nationwide program for the transformation of cities, the issue of not just moving citizens, but also the transfer of a number of buildings from risky areas to safer...
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Consisting of 513 residences at once, a major project from developer Biskon Yapı will "update" Istanbul's Pendik district, Dolayoba quarter. It will be erected on land owned by Iller Bank. A name has already been chosen for the complex - Referans Pendik. The volume of investments will amount to 1,514,741,443 Turkish lira (TL). The area of...
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The official launch of the KIPTAŞ - KIPTAŞ Karanfilköy project has been announced. So, in the very heart of Istanbul, 1361 new residences will appear at once. The project will be implemented in partnership with MESA ASL ADI. The KIPTAŞ Karanfilköy complex will be built in the Besiktas district. The announced amount of investment - 3 168...
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Minister of Environment, Urbanization and Climate Change Murat Kurum revealed details regarding residential residences that will be built as part of the urban transformation program in Istanbul. For example, typical lots of the 2+1 format - with two bedrooms - will have an area of 100 square meters, and 3+1 - 120 square meters. Murat Kurum...
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By tradition, we remind you of some of the most interesting news in the construction and real estate sector of Turkey over the past week - the last one in April. The pace of home sales decreased in March; this is partly due to an increase in the cost of construction. Wage growth does not "keep up" with the rise in real estate prices, so...
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Development costs are growing rapidly, as the Turkish media write. Only in February 2023, the construction cost index increased by 2.08% compared to the previous month; the year-on-year increase was 72.37%. The index of the cost of materials increased by 3.43 compared to the previous month; for the year, the increase is 62.52%. The labor...
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KIPTAŞ, a subsidiary of Istanbul Municipality (IBB), has announced another of its projects as part of the urban transformation program. An application for KIPTAŞ Kaper Sitesi has been submitted to the Ministry of Environment and Urbanization. The volume of investments is estimated at 557,366,173 Turkish liras (TL); the process of assessing...
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A selection of the most relevant news of the Turkish real estate market is in our weekly digest. Despite the fact that the average cost of a housing unit in Turkey has reached 2.3 million liras, the growth rate of housing prices in the country has slowed somewhat; economists comment on the reasons. Moreover, the construction itself, on the...
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