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Content: Mortgage transactions: 9,909 Other transaction categories: 100,679 Primary housing sales: 35,558 Secondary housng sales: 75,030 Sales to foreigners: 2,064 According to official data from the Turkish Statistical Institute (TÜIK), housing sales in May 2024 decreased by 24% compared to the previous year, totaling 110,588 units. The...
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Bodrum is one of the resorts on the Aegean coast in Muğla province, alongside Marmaris, Fethiye, Göcek, Ölüdeniz, and some other tourist spots. However, the peninsula where Bodrum is located is particularly renowned for its comfortable climate, stunning landscapes, and abundance of opportunities for elite recreation — hence its comparison to the...
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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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As per data released by the Turkish Statistical Institute, housing sales to foreigners in 2023 fell 48.1% year-on-year to 30,005 units. This is the lowest figure in 6 years, since 2017. The share of foreign buyers in total transactions, which was 4.5% in 2022 (sometimes averaging as high as 5%), fell to 2.9% in 2023. The 'net' inflow of foreign...
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After winter stagnation, the construction and sales sector of property in Turkey has begun to thaw. This trend became more pronounced after the March elections, as some projects and new legislation 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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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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