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CONTENT: Leading and lagging cities Mortgage transactions: 5,577 Other transaction categories: 88,184 Primary housing sales: 29,230 Secondary housing sales: 64,531 Sales to foreigners: 2,535 LEADING AND LAGGING CITIES According to official data published by the Turkish Statistical Institute (TÜİK), the number of residential units sold...
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Residents in Turkey are facing a challenging autumn with updates in regulations and laws. However, it's common for legislation to be regularly updated in most countries. Being well-informed in advance can help minimise both time and financial costs. Content: Residence permit by property ownership (TAPU): rumours and reality Mobile phone...
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Despite the closure of several Turkish districts for residency permits and the increase in the minimum investment for citizenship from $250,000 to $400,000, there haven't been many significant changes in the past year and a half. However, there have been numerous small but impactful updates, particularly in compliance with Turkish laws. Let's...
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The Turkish Statistical Institute (TÜİK) reports that the volume of housing transactions decreased by 9.5% compared to September of the previous year, with a total of 102,656 homes being sold in the month. Content: Top cities and laggards Mortgage sales: 8,446 Other transaction categories: 94,210 New-build home sales: 30,488 Second-hand...
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In August, analysts not only sum up the results of the first half of the year, but, considering the data for July and often observing a frequent summer uptick in transactions, begin to forecast the year's outcomes. However, let's start with the latest statistics: Content: Key mid-year facts Top-30 provinces with the highest number of housing...
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Attention from worldwide investors is now drawn to Northern Cyprus. Despite being "unrecognized," the Turkish Republic of Northern Cyprus (TRNC) is rapidly gaining popularity in terms of housing purchases. Unlike many countries currently facing high interest rates and recession, Northern Cyprus's real estate market is fairly independent of the...
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In Turkey, you can buy housing in different price segments. Previously, many foreign buyers preferred either the most low-budget apartments or the most spacious beachfront real estate units at a resort (or even several properties at once), which allowed them to obtain citizenship through a simplified procedure for investing at least $400,000 in...
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We continue the story about the most popular cities in terms of buying real estate in Turkey, especially on the Antalya coast of Turkey. In the previous article, we talked about numerous positive changes in Alanya, the second largest resort in Antalya province. Due to Mersin, it is becoming more and more convenient to live in a rapidly growing city...
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Today Turk.Estate has prepared for you a selection of legal news related to purchasing property in Turkey, its ownership, rental, etc. We will also discuss regulations that will come into force in the future and ideas that are currently being discussed. Content: Citizenship by Investment – or Golden Visa? Introducing Areas Not Available for...
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Antalya has become the undisputed leader in housing sales to foreigners and has held this title for several months. Mersin has also steadily gained a foothold in "TOP-3 winners." Europeans usually buy real estate in Turkey not only as an "investment option" (for example, as many buyers from China and the Middle East: such often buy apartments in...
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