Buying property
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In July 2016, a new law came into force in Turkey, allowing foreigners to obtain Turkish citizenship if they have a property there. Initially, the investment threshold for such buyers was quite high - $1 million. However, four years ago, in September 2018, it was reduced to $250,000. After the threshold was significantly reduced, wealthy foreigners...
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As expected, August sales of apartments in Turkey turned out to be lower than in July: the mortgage campaign is declining. Interest rates are gradually increasing both in state and commercial banks, the grace period for mortgage repayment has been canceled, and in general, most of those who wanted to buy an apartment in Turkey have already managed...
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The 2+1 house plan is perhaps the most popular option in Turkey. It is an apartment with two separate bedrooms and a living room with an American kitchen (or a living room and a separate kitchen in Turkish-style houses). Most often, 2+1 apartments have two adjacent bathrooms (rarely one or three), large balconies or terraces overlooking the garden...
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In 2020, the number of residents of the district exceeded 40 thousand people and most of them are expats. If you are thinking of buying an apartment in this expat-friendly resort, check out our ultimate guide on the best property options Mahmutlar has to offer Turk.Estate. Apartments in Mahmutlar on the front line Perhaps the main...
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The coronavirus pandemic has added investment attractiveness to Turkish real estate. The excellent quality of construction and the dynamic rise in apartment prices are not the only reasons that make foreigners invest in real estate in Turkey. Turkey's transport accessibility has also become an important point for European countries and countries...
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The statistics of home sales in Turkey in July 2020 have been published: 229,357 properties were sold throughout the country. Thus, July sales rose 124.3 percent compared to last year's July figures. Which cities have the highest number of property sales? Istanbul was the most popular destination among buyers of apartments in Turkey in July,...
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Alanya is a charming resort town on the shores of the Mediterranean Sea with a population of almost 350,000 people. Expats or foreigners who are buying a holiday property in the province of Antalya most often choose Alanya. According to the data for 2019, almost 30,000 expats (9.5 percent of the total population) live in Alanya. Buyers of...
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Over the past five years (from January 1, 2014 to June 15, 2020), foreigners bought 18,400,000 square meters of land and 149,000 properties in Turkey. These data have been provided by Murat Kurum, Minister of Environment and Urban Planning of Turkey, with reference to the Cadastral Department of the Republic. According to the published statistics,...
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Every year, the American construction magazine Engineering News Record (ENR) publishes a top list of the 250 largest international development companies in the world. The rating is based on the income of construction companies both at home and abroad. At the end of 2019, 17 Turkish developers entered the top twenty of the list published by ENR!...
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Are there distressed construction projects in Turkey? How does the Turkish climate affect building codes and standards? Why are panel and brick buildings prohibited in many Turkey’s provinces? What does a standard apartment look like in Turkey? Check out our article to find the answers to these and many other important questions. Climate...
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