Real estate
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Travel restrictions due to the coronavirus pandemic have forced many potential foreign real estate investors to consider Turkey as an investment destination: the country is easy to access and stable in terms of control over the coronavirus. Emel Akbash Idikut, the founder of the investment company ProjEkspert Gayrimenkul, told this to reporters...
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From January to August 2020, 1,024,534 housing objects were sold in Turkey: 42.6 percent more than in the same period last year. This year, resale property sales for the first time in many years exceeded sales of new apartments in Turkey. From January to August, 706,702 secondary housing objects were sold. This is 63.3 percent of the total sales of...
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The coronavirus pandemic has changed not only the daily lifestyle of Turkish citizens, but also their holiday preferences. There is an increase in demand for villas and country houses: the suburban housing market in Turkey continues to grow rapidly. For example, the demand for suburban real estate on the Aegean coast has risen greatly. Since Izmir...
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Hürriyet Emlak, a real estate newspaper in Turkey, has published fresh data on real estate rentals for August 2020. According to the rental index (Hürriyet Real Estate Index), the rent growth rate is the highest in the following provinces: Mugla (86.25 percent year on year), Mersin (42.21 percent), Balikesir (35.23 percent), Tekirdag (30.55...
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More and more foreigners from the Middle East bring raw gold in their luggage to Turkey (the permitted amount is five kilograms) in order to use the proceeds to buy real estate in Turkey and obtain citizenship for the whole family as an investor. Foreigners received the right to carry with them during the flight up to five kilograms of gold sand or...
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Apartments in Turkey will continue to rise in price. The reason for the further rise in prices is no longer the mortgage boom (which is gradually reducing turnover), but the rise in prices for the key materials for housing construction - iron and concrete. Turkish developers and real estate sellers are engaged in fierce discussions with producers...
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For several years in a row, Istanbul has been the leader in the number of housing and commercial real estate purchased by foreigners in Turkey. In 2020, the TOP-6 of the most popular Turkish cities and provinces among foreigners looks like this: Istanbul, Ankara, Antalya, Mugla, Bursa, Yalova. In 2018, 55,000 foreigners bought apartments and houses...
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The General Director of the Main Cadastral Office of Turkey Mehmet Zeki said that nationals of 148 countries have already become the owners of real estate in Turkey. According to the expert, in the first eight months of 2020, despite the coronavirus pandemic and the restrictions, foreigners bought 20,000 properties in Turkey. Istanbul and Ankara...
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A new era awaits the Turkish real estate market, which will begin with the launch of the online platform GABORAS (GOS). The purpose of the new platform is to provide a wide range of services related to the construction and sale of real estate in Turkey: from issuing construction licenses to buying and selling new and secondary housing, obtaining...
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Representatives of the construction and real estate sector in Turkey have sharply criticized the rise in prices for iron and concrete. Experts explain that even a 30% rise in the cost of these two key construction materials will negatively affect the sector. Since the beginning of 2020, the cost of a ton of iron in Turkey has increased from 3,000...
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