FAQ
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Real estate in Turkey is becoming increasingly popular among overseas citizens. People come here to stay for vacations and permanent residence, purchasing or renting apartments in Turkey, and booking hotel rooms. Previously, our foreigners preferred a more relaxed vacation. Nowadays, tourists have significantly changed their resort habits...
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Content: Leading and lagging cities Mortgage deals: 13,463 Other transaction categories: 70,173 Primary home sales: 25,886 Secondary housing sales: 57,750 Sales to foreign nationals: 2,625 Leading and lagging cities According to official TÜIK statistics, 83,636 housing units were sold in Turkey in June, which is 44.4% less than in June...
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Prices in 2023 are not only rising fast, but they are skyrocketing; as a result, prices for a number of essential items – goods, services, and tax payments – had been adjusted by July. We offer a selection of updated figures on characteristics important for daily life in Turkey: this will undoubtedly be useful for current relocators. It will also...
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Analysts have summed up the results of Q1 2023. Despite recent statements, which the rise in housing prices slowed markedly, the statistics for January–March indicate the opposite. Real estate in Turkey continues to rise in price relatively rapidly. The volume of housing sales in the Republic of Turkey rose by 32% in March compared to February...
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For obvious reasons, January–March 2023 was challenging for the Turkish real estate market. It faced unexpected and very large-scale internal migration caused by the earthquake. Therefore, the rental stock was reduced, rental rates increased, and investors reconsidered their real estate purchase priorities. Moreover, authorities and developers...
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The events in February (namely, the earthquake that affected 11 provinces) and their aftermath stirred up the property market in Turkey. Above all, rentals: external migration — which increased dramatically a year ago, when a huge number of Russians left for Turkey — has been augmented by internal migration. Migrants from the areas affected by...
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After the February earthquake with its epicentre in Kahramanmaraş, concerns about the risks of buying property in Istanbul linger. A number of Turkish and international companies' representative offices are even moving key offices from Istanbul to Ankara. Fears are greatly exaggerated. A large number of houses in the metropolis are in need of...
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Two events have had the most significant impact on real estate in Turkey: the February earthquake centred in Kahramanmaraş and the presidential elections in May. What trends emerged during this period? Content: Changes in prices by district: Sale and rent Impact on sales “The Election Effect” Let’s focus on the trends in Istanbul and its...
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During a challenging period for Turkey between the February earthquake and presidential elections property sales have been somewhat low. Despite this, real estate for sale in Turkey has shown a significant overall price growth dynamic in recent years. This applies to both property purchases and rentals in Turkey. Content: Property for sale in...
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Istanbul has been steadily leading in housing sales in Turkey for many years. It‘s the country's largest metropolis, where life does not stop for a minute. As per the official data, over 16 million people live here. Istanbul is one of the world's central attractions for tourists, businesspeople and other visitors. This is why rentals will always...
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