FAQ
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2023 was a challenging year for the Turkish economy. The country faced numerous difficulties: rising inflation, fluctuations in the national currency exchange rate, and the aftermath of the February earthquake. However, in April, the International Monetary Fund published a forecast predicting Turkey's GDP growth to be 31% in 2024. The country...
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Previously not-so-sought-after Ankara is rapidly becoming more expensive in terms of property prices. At the same time, the cost of services, food and other items here is often lower than in Istanbul or popular resorts. Thanks to this, the capital can be considered a good investment destination despite its distance from the coastline. Nevertheless,...
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For many years, affluent Turks and wealthy investors from various countries, including world celebrities, have chosen Bodrum resort and its surroundings to buy summer residences. Property in Turkey offered here is costly, as it is on average in the province of Mugla, to which the location belongs. However, the rental rates for the holiday period...
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After some winter stagnation, construction and sales sector of property in Turkey has entered a thaw. This was even more true after the March elections: some projects and new legislation directly related to housing were put on hold until after the elections. Content: The construction sector Results in figures and facts Price dynamics by...
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How is the market of real estate in Turkey emerging from the winter stagnation into a “thaw”? According to Endeksa, a real estate valuation portal whose data is considered highly accurate, the annual increase in housing sale prices across Turkey as of March 2024 is 57%. At the time of writing, the average sale price per 1 m² of residential...
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In 2023, property sales to foreigners in Turkey halved to 2.9%, as per the latest data. This decline continued in February, with the number of transactions with foreign investors dropping to 2%. Overall, the total volume of sales in the country fell by 17.5%. However, analysts expect property prices to rise. This is attributed to an increase...
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We continue the series of articles about Northern Cyprus. Today we will discuss the key moments in life and moving. Content: Residence permit of Northern Cyprus Why you should choose the TRNC for permanent residence Why it is profitable to buy an apartment in Northern Cyprus TRNC: about the districts in a nutshell Residence permit of...
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The resort season in Turkey has already begun, even earlier than usual this year, thanks to a mild winter. Considering that some property owners prefer to expedite their return on investment by renting out their apartments and houses during the summer, when monthly, weekly, and especially daily rental prices can be higher compared to long-term...
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Dear friends! We are pleased to invite you to the webinar: "Real Estate in Turkey: Unique investment opportunities" At the webinar, we will introduce you to a new project in Turkey for profitable investments. This project is suitable for investors with a resale and rental strategy, as well as for those looking for the perfect home for themselves...
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Strategies transforming the market are highlighted in today’s Turk Estate publication. Let's discuss the new housing types gaining popularity in Turkey. These residences prioritise energy and resource efficiency, aid in flat management and feature ergonomic designs. They may be initially cheaper to purchase real estate in Turkey or more expensive,...
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