FAQ
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Turkey used to have low residential real estate prices, but now they have skyrocketed by 456% in the last 2.5 years in Turkish lira. Experts have been comparing between the housing expenses in Turkey, particularly in Istanbul, and the real estate costs in other top global investment spots like European capitals and key Asian regions. Of course, a...
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Turk Estate is pleased to discuss the residential real estate market in Istanbul, highlighting trends and opportunities for buying and selling in 2024, including prospects in this area. Istanbul is one of the most important cities in Turkey, rich in historical and cultural significance. As the largest metropolis with a unique location spanning...
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Istanbul is the largest metropolis and the leader in property sales, not just for residential property in Turkey. It’s also the capital of tenants. The bulk of the country’s tenants are, including students, business travellers, project workers and civil servants. Not to mention tourists: passenger traffic through Istanbul's air hubs is approaching...
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Izmir, Turkey’s third-largest city, occupies an important position in the country's real estate market. Rapid urbanisation, population growth and economic advancement are driving up housing costs in the city. Let's take a closer look at the current trends in the Izmir market and what investors and buyers of real estate in Turkey can anticipate in...
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Content: Top and lagging cities Mortgage transactions: 6,813 Other categories of transactions: 72,500 Primary home sales: 25,425 Secondary home sales: 53,888 Sales to foreigners: 1,440 Top and lagging cities According to data released by the Turkish Statistical Institute (TUİK), home sales decreased by 5.2% in Turkey in June compared to...
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Today, we will discuss the investment appeal of three provinces located near Istanbul. Furthermore, it is experiencing consistent growth, with lower prices and easier access to residence permits, as there are numerous immigrants in these areas. Content: Canakkale Information regarding June 2024's conclusion Bursa Information regarding June...
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Analysts identified the provinces in Turkey where foreigners had bought the highest amount of real estate from January to June. These are the capital cities of the different regions. They are more likely to maintain their leadership position by the end of the year — the odds of this are definitely in their favour. The number of housing units sold...
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The first half of 2024 has come to an end. Let's discuss some significant adjustments in rules, regulations and decrees for residential property in Turkey. Content: Citizenship for investment Submission of documents for residence permit Security of transactions Renting Housing taxes Life in Turkey: Some aspects Citizenship for...
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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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With the start of the summer season, investor focus has partly shifted back to resort towns, which is not surprising. Let's discuss what makes the province of Muğla interesting, where several large and small resorts are located. The location is in the southwest of Turkey, on the shores of the Mediterranean and Aegean Seas. It is considered the...
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