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Murat Kurum, Minister of Environment, Urbanization and Climate Change, reported that 387,346 buildings were inspected to assess damage in a number of provinces, close to the epicenter in less than 10 days after the earthquake. Of those, 50,576 buildings were identified as requiring urgent demolition, and 279,655 buildings sustained slight damage....
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We already discussed the specifics of purchasing real estate in Turkey. Particularly regarding the new housing evaluation regulation, taxes and driver's licences. Today, we will discuss a few noteworthy issues that affect people who remain in Turkey permanently not as tourists but rather under the terms of a residency permit. Content: How to...
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The massive earthquake that shook southeastern Turkey was a huge tragedy for the region because of the scale of the consequences. Especially for readers, Turk.Estate decided to share some important news and information about this in the article. Content: Why is the damage so great? What buildings weren’t destroyed? Official building codes in...
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According to statistics published by TÜIK, the volume of housing transactions in Turkey in January increased by 10.6% compared to the same month last year and amounted to 97,708 units. Leading cities and anti-leaders Istanbul is the leader in transactions with a total quantity of 17,415 residential units, or 17.8% of the total volume, being sold....
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Almost a year has passed since numerous Russian Federation nationals speeded up their relocation to Turkey due to political events. One rented a house, and one rushed to complete a long-planned purchase, and all for a good reason: prices on average for 2022 increased by 180% across the country. We discuss the changes that have occurred in the last...
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By the end of January, the final results of 2022 will be reviewed, however, by the end of November, the major trends will have been quite evident. The strong level of interest from foreign investors in Turkish real estate was one of the year's most pleasant surprises. Although local purchasers are waiting and market sales have generally decreased...
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Analysts are still in the process of concluding the outcomes for 2022. Even if the information for December has not yet been gathered, the increase in prices by the end of November is impressive. Those who have been able to invest in residential real estate in Turkey are delighted with the outcome. According to Endeksa, a predictive real estate...
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The year of 2022 was turbulent not only in terms of rising prices for renting and selling housing in Turkey, but also in terms of numerous changes in everyday life. There were large and small legislative initiatives (from raising the financial threshold for obtaining citizenship for investments from $250,000 to $400,000 and to adaptation courses...
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Home sales in 2022 decreased by 0.4% in comparison to the previous year, amounting to 1,485,622 units. This is according to a report from the Turkish Institute of Statistics. Leading cities and anti-leaders Istanbul has the highest sales at 259,654 units for the year or 17.5%. Istanbul is followed by Ankara which has recorded 126,166 sales and a...
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Both above-mentioned Turkish megacities are developing at a rapid pace, especially Istanbul, due largely to the laying of new routes and metro lines. Changes in the "web" of transport infrastructure in turn change the "alignment" in the residential and commercial real estate field. The attractiveness of certain areas with increased transport...
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