Real estate
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The IMSAD Association presented the October results of the industry report on Turkey for October 2022. This report is closely followed by the players of the construction sector, together with representatives of other important spheres for the state. Due to the weakening of the global economy as a whole and some recession in the development...
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Real estate in Umraniye has become more expensive due to the development of transport infrastructure
The Marmaray project, which contributed to the increase in rental rates in a number of Istanbul districts, as it turned out, is also responsible for the rise in prices for residential real estate offered for sale in the metropolis. In particular, in the Umraniye district, the cost of residences due to the opening of Marmaray and associated...
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More than five million applications have already been received for participation in the project «My First House», implemented by the Department of Mass Housing Construction (TOKI). More than a million of them are from Istanbul. The draw to determine the beneficiaries of the projects will begin in the near future and will be completed by March 2023...
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A selection of the most relevant news of the real estate market of the Republic of Turkey is in our weekly digest. Over the past seven days, among the news that attracted more attention, mostly there were not announcements of new major projects from developers, but infrastructure (in particular, transport) news and information about the...
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The Office of Mass Housing Construction TOKI, as part of a nationwide project to provide citizens with affordable housing, is implementing a total of 589 more apartments in five new projects at once, all on the territory of the Turkish capital. The districts already selected for this are Gyudul, Chankaya, Nallyhan, Bala and Chubuk. Thus,...
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The rent for housing in Turkey has increased on average by more than 100% over the year. However, there are a number of areas where tariffs are growing much faster, and this process will remain more intensive in them than in others. According to the general director of the real estate appraisal company EVA Gayrimenkul Değerleme,...
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In one of the landmark projects from Akyapı, a company with 25 years of experience in the real estate market, sales have finally officially started. We are talking about the Big Country villa complex, located in Buyukcekmej (Istanbul). In this «city of villas», 126 residences are offered to buyers, all are detached mansions. The...
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Over the past two years, construction costs have increased approximately threefold, according to the department analyzing the value of EVA real estate (EVA Gayrimenkul Değerleme). And for certain categories of materials – even more: iron has risen in price 4.5 times since 2020, and 2 times since 2021. Moreover, prices vary by city, they...
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Prices for prefabricated (factory) houses remain one of the most popular topics for discussion in recent months. Although this segment is also becoming more expensive, manufacturing companies periodically provide discounts as part of their campaigns aimed at attracting customers. So, one of the firms is just now offering a 15% discount on...
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Market experts are wondering whether the TOKI social housing project, which should cover a quarter of a million families, will help reduce the prices for rented housing? Theoretically yes: due to the actions of the Housing Construction Administration (TOKI), the poor have the opportunity to purchase budget apartments or a plot for the...
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