The resort city of Alanya is becoming increasingly attractive for permanent residence, thanks to the construction of new children's parks, libraries, including a unique House of Fairy Tales, and a large sports complex, impressive even on a national scale. Soon several neighbourhoods in Alanya will...
The Alanya property market is experiencing a decline in the rate of price growth due to a decrease in the number of transactions on the part of the local population. This is largely attributed to a shift in interest from real estate to bank deposits, for which the country's authorities offer high...
Minister of Tourism Mehmet Ersoy noted that the number of people wishing to stay in the country for more than 60 days is decreasing, which negatively affects the entire tourism sector. The simplification of obtaining a residence permit in the state will be facilitated by depositing funds in banks in...
In February, Turkey recorded a 17.3% increase in property sales compared to the same period last year. The total number of transactions reached 93,902. The largest share of sales is in Istanbul with 17.4% and 16,344 transactions. Ankara and Izmir ranked second and third with 8,300 and 5,168 sales,...
The opening ceremony of the school dedicated to the 100th anniversary of the Republic of Turkey was held in Alanya's Avsallar neighbourhood. The event was attended by Governor Hulusi Şahin, Alanya Mayor Adem Murat Yucel and other officials. As part of the initiative, the Centenary of the Republic...
As of 4 March 2024, a decree on the valuation of real estate for the purpose of obtaining Turkish citizenship will come into force. The purpose of the decree is to prevent artificial inflation of housing prices in order to speed up the process of obtaining citizenship. According to the authorities,...
Official data on residential real estate transactions in Alanya for January 2024 show that this Turkish resort sold 1,647 houses and apartments. This figure is lower than last January, but higher than in 2021, when 699 transactions were recorded. Alanya has consistently been one of the leaders in...
In the first month of the current year, Russian residents bought 55 residential properties in Turkey. This represents 21.3% of the total volume of sales to foreigners.
In second place after the Russians are Iraqis with 208 transactions, and Ukrainians complete the top three with 127 properties. The...
According to the Turkish Statistical Institute, the average price of property rose to TL 3 million (about $101,000) in the first month of this year. The average property price per sq. m in the country is 24,000 TL ($777). In the province of Istanbul, this figure reaches TL 36.8 thousand ($1,200) per...
According to the analytical platform Endeksa, housing prices in Turkey soared by 84% in 2023 compared to the previous year, surpassing the three million Turkish lira mark, which is about $100,000. It is worth noting that these calculations were made in Turkish lira and did not account for inflation...