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When you start looking for an overseas property, the first question that comes to mind is what makes the property price. Turk.Estate prepared a detailed property prices analysis to help you navigate through the Turkish housing market. Factor 1. Apartment location: living space, number of floors, home plan It is quite obvious that the key factors...
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Turkey is a country with huge investment potential, which also covers the real estate market. Today, thousands of foreigners are thinking about buying an apartment or house in Turkey. Let's try to navigate through the Turkish housing prices and see what you can buy with a budget up to 500,000 lira (about €60,000). PROPERTY PRICES IN...
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The coronavirus pandemic has hit all sectors of the Turkish economy, but most industries have already found a way out of the crisis. For example, real estate sellers (construction companies and real estate agents) worked out a new, effective sales tool - buying an apartment online. How can you sign a deal remotely? How to buy a new home without...
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TABLE OF CONTENTS Property taxes Utility costs Rental income Real estate management: management companies and project managers Few words about property transactions To sum up: what you should definitely consider when buying property in Turkey Property taxes The property tax is paid annually on all properties since 1986. Depending on...
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As a rule, foreigners, who buy property in Turkey for holidays or relocation, choose mostly the coastal areas. According to the stats, the top destinations are Mugla, Antalya and of course Istanbul. Over the last few years, more foreigners have decided to move to this country and the list of popular destinations has expanded and included such...
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According to the TurkStat, the coronavirus pandemic continues to affect the country's economy, including property sales figures. 1. PROPERTY SALES STATS IN MAY 2020 In May 2020, 50,936 properties were sold in Turkey. Home sales in Turkey decreased by 44.6% compared with the same month last year and amounted to 50,936 properties in May 2020....
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According to Turk.Estate, 42,783 houses were sold in Turkey in April 2020. Thus, home sales in Turkey fell by 55.5% compared with the same month the previous year. New home sales amounted to 14,848 units and dropped by 60.7%. Existing property sales reached 27,935 units decreasing by 52.1% compared to April 2019. According to Alen Yeremeyev, Turk...
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Despite all problems caused by the lockdown, developers and real estate agencies continue working online. Real estate websites offer video reviews of apartments and projects, video inspection and 3D tours. Alina Mustafina (Yekta Homes, a developer in Alanya) says: “The construction of our projects is going as planned, without any delays. We also...
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According to experts, the demand for housing is holding its position, but they expect that the market will recover and continue growing after the pandemic ends. The report of the Turkey's Association of Construction Companies says that the confidence index in the construction market has increased by 6.6% in March 2020, and experts expect positive...
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Turkey has always been one of the leaders in overseas property sales. In 2019 and 2020 the country observed the record growth rates of property sales. Nevertheless, the coronavirus situation has affected everyone living in Turkey. On March 11, 2020, the World Health Organization announced the global coronavirus pandemic. In Turkey, the government...
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