Real estate
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An impressive residential project by TOKİ — TOKİ Istanbul Gaziosmanpaşa — is designed for low-income families. It includes almost 700 apartments: 665. The residential complex is located in one of Istanbul's districts, Gaziosmanpaşa. In addition to the complex, there will be landscaped areas, landscaping and all the necessary social...
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TÜIK reports a significant decrease in the number of licenses to build new buildings: from 1.4 million to 520,000 in a few years. If the number of such permits amounted to 725,294 in 2021, 695,804 in 2022 and only 520,209 in 2023 (by the end of November). The peak figure of 1,405,447 was recorded in 2017 and has been consistent since 2022. The...
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Here is a selection of the most relevant news of the Turkish real estate market. The most interesting statistics: Foreigners have bought almost 30 million sq. m of land in Turkey; Three key metropolitan areas account for a third of home sales; The cost of housing in the three largest megacities has grown; The cost of construction has risen...
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The Electronic Concrete Monitoring System (EBIS), which was developed to electronically monitor the quality of construction by adding special chips to concrete, has been applied to almost half a million buildings, or in 432,797 buildings in Turkey. The technology for controlling chips is developed by AselsanNET. In 2018, the Ministry of...
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"There will not be a single earthquake unsafe residence in the metropolis," local authorities assure. The country is changing, and half of 650,000 off-plan housing units, which will be provided to those living in dilapidated buildings belong to the municipality. The candidate for the future mayor of Istanbul, Murat Kurum, visited the demolition...
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A new residential complex for 3,000 apartments from a turkish developer to appear in northern Cyprus
Fenercioğlu Gayrimenkul Company (Fenercioğlu A.Ş) has started the construction of a huge project for 3,000 apartments in Northern Cyprus (TRNC). This large residential complex will be called Costal Heaven. It will be located in Gaziveren, a new area of Cyprus for residential development. In addition, it will be especially attractive for tourists...
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The Turk.Estate portal invites you to familiarize yourself with the weekly digest of the latest real estate news on the Turkish market. The authorities continue to make considerable efforts to normalize the rental market. Two million apartments will be checked to ensure that they are properly rented to tenants and all the rules are followed....
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The Office of Mass Housing Construction (TOKI) with the support of the Ministry of Environment, Urbanization and Climate Change, officially announced the launch of its two new projects in the Turkish capital, Ankara. Tenders to find a contractor for these projects will be held in February and March 2024. One new residential complex from TOKI will...
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Modda Port is a new boutique project for sale in Izmir and belongs to the elite A+ category. Moreover, the choice of available apartments is not so great, as there is a special offer with payment benefits until the end of February. You have a chance to become the owner of a residence with a 50% down payment. Modda Port overlooks the bay, and all...
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Fuzul GYO has launched its new project — Fuzul GYO Avcılar — in Ispartakule, Avcılar (Istanbul). It is located on the European side of the metropolis. The hybrid complex will consist of 156,000 sq. m of residential and commercial properties on a plot of 47,000 sq. m. Residential residences will be available in various formats and layouts,...
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