Real estate
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Villa sales in Ballıca Manzara Villaları have started in Pendik district (Istanbul). Two companies are responsible for the construction: Çukurova Gayrimenkul and MSY Yapı. The view villas are located in one of the city’s green areas surrounded by forests on the shore of a lake. They have either four bedrooms and a living room, or six bedrooms and...
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The Ministry of Environment, Urbanization and Climate Change has prepared a new Regulation on the principles of design, calculation and construction of wooden buildings. It was published in the Official Gazette, and the new rules on wooden buildings come into effect on January 1, 2025. The main reason is to ensure safety. If the new rules are...
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New large residential projects continue to appear in Istanbul as part of the urban transformation programme, thanks to which, as the authorities assure, there will not be a single apartment in poor condition in the metropolis. One of these is Nevadium Istanbul of 1,100 residences. It will be a branded residential complex by Neva Prestij Yapı. It...
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A new multifunctional complex, including 167 residences, 94 offices and 88 shops, will appear in Konya. The developer is Ahlatçı Otomotiv Inşaat. The complex will be built in Selçuklu. It will consist of four queues-blocks. The land area is 25,300 square metres. The total building area, including blocks A, B, C, D, will be 122,699 square metres...
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A selection of the most relevant real estate market news in Turkey is in our weekly digest. Experts advise not to delay the purchase of housing: the average cost of 1 sq. m has exceeded $1,000 in the country. Locals are increasingly buying land plots to build more budget houses instead of buying expensive residences. The cost of land is steadily...
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According to our tradition, we publish every Friday the latest news about real estate, construction and transport infrastructure in Turkey over the past week. Last year's economic difficulties continue to affect the entire sector. For example, the number of building permits issued has tripled compared to the annual average several years ago...
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The Office of Mass Construction (TOKİ) is launching four new campaigns with the support of the Ministry of Environment, Urbanization and Climate Change. Four residential complexes will be built in Istanbul and Ankara for low-income families. Tenders for all four projects will be held in late February and March 2024. The total number of apartments...
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A brand-new project of 539 residences has been launched in Gaziantep, Şahinbey district. The cost of the project is 438,825,000 TL. The project is called Lalav Antepia Plus named after the Lalav Group developer. This means that it is a branded complex. The area of the construction site is almost 75,000 sq. m. It does not require an environmental...
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The Fuzul GYO developer has signed a contract to implement a project in Firuzköy (Avcılar district, Istanbul). There will be a large residential complex for 1,100 apartments with 50 commercial areas. The total land size is 46,782 sq. m. Fuzul GYO has recently invested heavily in new housing projects. It was reported that a residential complex for...
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A new conceptual project called "the best in the region" will be implemented in Sakarya, which has become a centre of national and international trade due to its strategic location, which is important for Turkish industry. It is about Paye Sakarya, a joint venture between Halk GYO and Haldız İnşaat. It will fully meet the requirements of the...
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