Real estate
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Over the past half century - 50 years - Turkish developers have successfully completed development projects totaling $95.6 billion on the territory of the Russian Federation. This is the fifth part - or rather, 20.6% - of all contracts of this kind carried out by Turkish specialists outside their homeland, the Anadolu news agency clarifies...
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The authorities are trying to minimize the consequences of the recent strong tremors in Dyuzdzha, due to which a number of buildings were damaged. Interior Minister Suleiman Soylu and Minister of Environment, Urbanization and Climate Change Murat Kurum arrived in the earthquake area immediately after it; representatives of both departments...
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A new landmark complex from the developer Som Yapı will decorate one of the Istanbul districts in the European part of the city, Bashkshehir. The project was named Som Olimpiyat Konakları.There are 328 residences planned in 2+1, 3+1 and 4+1 formats; their area starts from 104, 161 and 216 square meters, respectively. With a...
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The draw for social housing from TOKI has officially started. In Istanbul, Ankara and Izmir, the winners are selected from among the candidates. The social housing project is designed to provide a roof over the heads of those who cannot buy an apartment at market value. The sale of residences will be carried out with a 10% entry fee,...
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One of the districts of Istanbul province – Chekmekey – is becoming more and more in demand in terms of purchasing residential real estate. At the moment, there are no apartments cheaper than 700,000 Turkish lira (TL). According to the statistics of EVA Real Estate Appraisal analysts, the most popular neighborhoods are now Alemdag,...
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A certain number of lawsuits have already been filed against TOKI by citizens dissatisfied with delays in the implementation of the announced large-scale project to provide social housing to those in need. «You say that you will complete the construction of 250,000 new residences in the next two years, but you could not build 150,000...
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A selection of the most relevant real estate market news is in our weekly digest. The rapid rise in house prices in Turkey has slowed down, but probably not for long. The reason for this is the measures taken by the authorities to provide low-income groups with preferential housing. Work is also actively underway to strengthen, modernize...
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Last month’s statistics showed that residential properties in Turkey became 191.4% more expensive on average compared to last year. The growth rates can be even higher in the most popular locations with beautiful nature, extensive facilities, and high demand from buyers and tenants. For instance, this indicator surged to 218.1% in Istanbul, 223.5%...
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Sales are in full swing in the «status» complex Primera Alacaatlı for 324 residences, implemented in the capital of the Republic of Turkey, in the district of the same name (Alacaatli). Lots here are designed for a wealthy buyer: 5 + 1 and 6 + 1. The complex can also be considered «iconic» due to its infrastructure, where there is even its...
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The Ministry of Environment, Urbanization and Climate Change reported on the successful renovation, strengthening or repair of 3.2 million residences as part of a nationwide urban transformation project. The head of the department, Minister Murat Kurum recalled that ideally, we would like to achieve an indicator when by 2035 there...
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