Real estate
-
The cost of a square meter of housing on the coasts of the Mediterranean and Aegean Seas has exceeded the prices in Istanbul. These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. The demand for properties in seaside cities began to grow during the coronavirus pandemic, followed by demand soared in property...
Read more -
According to information published by the Turkish Statistics Institute (TÜIK), from September 2015 to August 2020, almost 155 thousand residential properties were sold to foreigners in Turkey. 39.8 percent of them are apartments in Istanbul (61,734 objects). In the first eight months of 2020 alone, foreigners bought 9,596 residential properties in...
Read more -
There has been observed a rise in prices for residential real estate in Istanbul. Houses with a garden and large balconies located in the coastal areas of the capital have significantly risen in price. Demand for spacious homes further from the city center is also continuing to grow. The following districts have become the most popular among buyers...
Read more -
Over the past five years, 6, 944,616 residential real estate objects have been sold in Turkey, of which 154,871 objects were purchased by foreign buyers. These figures have been given by the Emlak Kulisi newspaper with reference to the Turkish Statistics Institute (TÜIK). According to the published stats, all property transactions in Turkey from...
Read more -
Which apartments in Turkey are more profitable to buy today, new or secondary ones? As the stats for the first eight months of 2020 shows, resale options are much more popular among buyers of Turkish real estate: secondary property sales increased by 63.3 percent, and their prices - by 15-30 percent. The estate experts explain why this is happening...
Read more -
The owners of Turkish housing, who find defects in the purchased apartments, can sue construction contractors and force them to make repairs or pay for repairs. This information was published today by the construction and real estate newspaper in Turkey Emlak Kulisi. After a residential complex is completed, the owners of new housing may find...
Read more -
Despite record low interest rates on mortgages provided by banks for the purchase of new apartments in Turkey, from January to August 2020, new home sales grew by only 11.2 percent compared to the same period last year. Sales of secondary housing, for which mortgage rates have been higher in 2020, increased by 63.3 percent. In August 2020, sales of...
Read more -
During the coronavirus epidemic, real estate in Bodrum, the seaside city of Turkey, known as the most expensive Turkish resort, has risen in price even more. Turks and foreigners wishing to safely spend the coming winter months in self-isolation most often choose to buy or rent villas in Bodrum and Cesme. Therefore, today the highest real estate...
Read more -
The pandemic has accelerated the process of migration of people from Turkey's big cities to country houses as much as possible: summer cottages are becoming year-round housing and are more expensive in some regions than apartments in Istanbul. The desire to leave densely populated Istanbul makes hundreds and thousands of Turkish families move for...
Read more -
The Saudi Arabian authorities, which have decided to boycott goods from Turkey, are now boycotting Turkish construction companies implementing their projects in the country. While according to the 2018 stats, Turkish contractors completed projects in Saudi Arabia for a total of $3 billion, in 2019 this figure dropped to $560 million, and in the...
Read more