Real estate
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We have already told you that Turkey was in first place in Europe in terms of the growth rate of housing prices for both sale and rent. According to the updated Housing Price Index published by the country's Central Bank, the average price of 100 square meters of housing exceeded the threshold of 1.5 million Turkish lira (TL). Which makes it...
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Şeker Şile Evleri, a new up-market project in Şile, is already much coveted. Optimal Project Management was selected as the contractor via a tender held by Şeker Real Estate Investment Trust (REIT). Şeker Şile Evleri will be built in Istanbul Province, Şile seafront district, Çayırbaşı neighborhood. The tentative design was approved by the Şile...
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Construction of the tallest building not only within Turkey but also in the whole Europe is successfully approaching completion in the country’s largest megalopolis. The 59-story building located on a 15,960 sq m land plot will accommodate the Finance Center. Its total floor area is 350,000 sq m, the height is 310 m and the height with the antenna,...
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Please see a selection of the most relevant news in the real estate market of the Republic of Turkey in our daily digest. The height of the summer season coincided with the roaring demand in both tourist and housing markets. On the first day of the national holidays, the Antalya Airport set a new record, having received 1,034 aircrafts over 24...
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Tahincioğlu Holding has announced the start of the pre-sale period at Nidapark Gündoğan in Gundogan (Bodrum, Mugla Province), with a breathtaking view of Gundogan itself. The Nidapark Gündoğan project is under implementation. Recall that the developer recently announced the start of sales in a project under the same brand - Niddapark Göcek in...
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The Department of Mass Housing Construction (TOKI) pleased residents of Aydin province with the message that a little less than eight hundred budget residences will be distributed here. Namely – 756, in three districts at once. TOKI does not stop holding tenders for the construction of new housing across the country, as the goal is 1.2 million new...
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The downtrend in rebar prices observed some time ago is finally over: after the rates hit the bottom recently, the cost of iron started rising again. It should be specified that plants were offering prices in the range of USD 600 – USD 620 VAT exclusive for a while. Now the rates are rising and have already reached USD 640 VAT exclusive or even...
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According to the latest research by Knight Frank, residential real estate in Turkey has significantly risen in price over the past year. In the world ranking of cities with the largest increases in property prices, Izmir and Ankara became the second and third with the growth rate of 27.8% and 27.2%, respectively. Istanbul was ranked the fourth with...
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The Ministry of Environment and Urbanization of the Republic of Turkey insisted on building a rainwater harvesting system on the roof of newly constructed buildings. The corresponding Amendments to the Zoning Regulations have already been published on the official websites. According to the amendments, now, taking into account the growing problem...
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On 26 February 2021, a tender will be held in Turkey for the right to implement Kartepe Teleferik- the cable car in Kocaeli. Tender organizer is the local municipality. The project is considered very promising; it is expected to contribute to Kocaeli transport structure development. The planned length of the cableway which will stretch between...
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