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Turk Estate regularly posts information on price trends in various cities and regions of this country to help you navigate real estate purchasing. Our readers are particularly interested in new developments concerning application for a residence permit and the details of everyday life in Turkey, particularly now, when the current events have taken...
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By the end of November, it is not only analysts busy collecting statistics on the number and quality of residential real estate transactions. Sales departments in development and real estate companies are also finding out about the relevant factors and how they affect the volume of purchased real estate. This is not only the quantity, quality,...
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A mid-year report devoted to the average home prices in Turkey has been published, based on the performance in the first half of 2022 (January through June) and over the past 12 months, which are quite indicative. It was approximately by the beginning of last July that life in Turkey almost normalized after the previous pandemic year. This was the...
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Leading cities and last-named cities According to Turkish data experts, in September 2022, 113,402 residential real estate units were sold in the country. Istanbul leads in transactions with 19,089 housing units and a share of 16.8% of the total units. Istanbul is followed by Ankara with 8812 homes sold which has a 7.8% share, and Izmir with 6338...
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Endeksa, a predictive real estate data analytics, and insights platform shared its “predictions” regarding the dynamics of the value of residential real estate towards the end of 2022. Endeksa regularly evaluates the state of the housing market in Turkey and expresses the most likely future predictions. The experts examined the first half of the...
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Even though August is neither the conclusion of the quarter nor the end of the summer season, real estate market experts still compile mid-term results in September, and it’s precisely based on August statistics that they’re able to “speak” about the year’s performance. People who are interested in the Turkish housing market can also clearly...
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The province of Antalya consistently ranks among the favorite cities of foreign investors interested in purchasing a home in Turkey. In 2022, it even outperformed Istanbul, the recognized “winner”, in some indicators of real estate sales to foreigners. Antalya is flooded with Russians and Ukrainians and is the leader in terms of rental growth -...
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Leader and anti-leader cities According to recently published official data, 123,491 residential units were sold in the Republic of Turkey in August 2022. This is a 12.7% decrease compared to August 2021. Istanbul recorded the highest share of transactions in August (18,485 sales, or 15%). The biggest Turkish metropolis in terms of transactions...
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Despite the economical, political, and post-pandemic difficulties (maybe even partially because of them), the first six months of 2022 turned out to be very productive for the Turkish development sector. Increasing the purchase amount to $400,000, if you wish to obtain citizenship under the accelerated procedure has by no means tamed the passion...
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For some time, we undeservedly paid little attention to Turkish cities, focusing mainly on Istanbul. That was a mistake and this unfortunate omission needs to be corrected today. Let us briefly touch on metropolises. Istanbul, with almost 15 million people, if not more, takes first place in terms of size and population. The capital of the Republic...
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