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A thorough report on the volume and the qualitative characteristics of transactions for the third quarter of this year was released by Turk Estate, with the secondary housing market receiving special attention. Real estate that has not been bought directly from the developer is known as "secondary housing" and is highly popular in Turkey. Recently,...
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Leading cities and anti-leaders According to official data recently received, residential real estate sales in Turkey in November decreased by 34.1% compared to November last year which amounted to 117,806 units. Most transactions were recorded in Istanbul with 19,687 sales, which amounts to 16.7%. Next on the list is Ankara with 9367 sales and a...
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Mersin has recently become especially attractive to investors. This province has already entered the Top 3 of the fastest-growing investment locations and is in the Top 3 in terms of the number of apartments sold to foreigners. You will not find an apartment for rent here now for love or money. Sometimes you can find something for rent, but the...
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It's the fourth quarter of the year. Analysts figure out the results of the first nine months, comparing with the figures of the previous year, and predict preliminary results for 2022, taking into account data on the current volume of transactions and the characteristics of the purchased lots. Content: Plus 202% in price Two leading...
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Istanbul remains the most sought-after city in Turkey in terms of real estate purchasing and one of the most expensive locations in terms of rent. New records are consecutively set in this area. So, in the approx. central Istanbul districts, there are no apartments cheaper than 6,000 Turkish liras (TL) for rent. When the previous report in April (...
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Wherever a person happens to be, at home or abroad, nobody is fully insured against an emergency. Fortunately there are emergency services ready to come at any hour and give the help that is needed. For that you have to learn by heart, or at least write down and keep at hand, the numbers of the fire service, the police, the ambulance and other...
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City leaders and anti-leaders According to the data released by the Turkish Statistical Institute (TÜIK), the sales of residential real estate in Turkey during the month of October 2022, decreased by 25.3% compared to the same month last year which amounted to 102,660 units. The largest share of sales belongs to the country’s largest metropolis,...
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Turkish law provides three ways of leaving property to heirs, open to citizens and foreigners alike. Without a will, the estate is distributed according to the rules set by law, which in most cases means more difficulty for the family. A document drawn up in advance spares the relatives lengthy and expensive court proceedings. Here is what owners...
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Before making a final decision to move to Turkey, foreigners study every piece of information they can find about the country. And in almost every source they come across a mention of the e-DEVLET system. What this system is, why it was created and how to use it is what we cover below. Content: What is e-DEVLET? What e-DEVLET can do How can...
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Prices of residences in Turkey grew by 160% year-on-year in the second quarter of 2022, as already reported by Turk Estate. The third quarter is likely to perform even better. For instance, by the end of summer, prices had increased the highest in Istanbul (+185% year-on-year), Ankara (+165%), and Izmir (+151%). Foreigners are still actively...
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