Buying property
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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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A 209.7% growth of property sales was observed in Turkey in June 2020 comparing with the same period in 2019. This June 190,012 properties were sold. Istanbul is the leader of June sales (28,799 units sold or 15.2% of the total number of property transactions). The leader is followed by Ankara (21,915 units sold or 11.5% of total sales). Izmir is...
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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 3.37 million lira (€60,000, about 70,000 $). Converted at 56.2...
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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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