Real estate
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In the second half of April, the Turkish media actively discussed the topic of reducing the growth rate of residential real estate. Analysts are voicing the alleged reasons. Firstly, there is a slight decrease in demand: many of those who planned to buy apartments or houses have already done so. Someone got a chance to take part in a...
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The Turkish authorities have decided to create satellite mini-cities in Istanbul". They will appear on both sides of the Istanbul Canal under construction, an "alternative" to the Bosphorus. Such a "city within a city" format is needed, among other things, for the resettlement of megalopolis residents from emergency and similar buildings...
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"Villa for half price" is offered in April by manufacturers of factory houses. And they are not joking: developers offer such a prefabricated structure, which is a detached house that looks almost like a villa, and in fact a panel duplex, for 839,000 Turkish lira (TL) - with its area of 150 sq.m. Recall that "factory houses" (or...
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The Minister of Environment, Urbanization and Climate Change Murat Kurum said that contractors have already begun the construction of about a tenth of the village (intended for rural areas) houses that will be built on the territory affected by the tremors: 13,400 units out of the planned 143,000. The projects of these village houses...
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In January-March 2023, the Turkish contracting sector carried out works outside the country totaling $4.1 billion. Having managed to implement a total of 52 projects on the territory of other states in the first quarter of the year. To clarify, over the past 50 years - the period when statistics on this issue are being kept - local...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our traditional digest for the week. The provinces that were leading in terms of transactions in March became known. Istanbul and its susceptibility to tremors also remain in the focus of attention: given the overpopulation of the metropolis, it...
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The boutique residential project Mavera Boutique, implemented thanks to the efforts of Makro Inşaat, is considered one of the most attractive in this part of Istanbul. Mavera Boutique is being built in Basaksehir, on the European side of the metropolis. There are only spacious residences: 4 + 1 and 4.5 +1. The total area of the apartments...
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The Office of Mass Housing Construction (TOKI) announced the imminent launch of ten of its new projects in Istanbul, for a total of five and a half thousand residences (to be precise - 5497 lots). Tenders for all ten projects will be held in May 2023. Modern residential complexes will appear in Gaziosmanpasha, Maltepe, Arnavutkey, Tuzla...
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The issue of the fastest urban transformation of the Turkish metropolis has again come to the fore. AIDER President Melih Tavukcuoglu stressed that Istanbul can really be "renovated" - we mean, first of all, in the sense of providing absolutely all its residents with safe and earthquake-resistant housing - in 10-20 years. But only on condition that...
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The Office of Mass Housing Construction (TOKI), in partnership with the Ministry of Environment, Urbanization and Climate Change, continues to bring new projects to the market. Recently, a tender was held for a project in Tuzla: Istanbul Tuzla 2023. Moreover, this is reportedly one of the most anticipated complexes from TOKI. According to...
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