Yekta Homes news

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...

In 2023, there was a 17.5% decrease in real estate sales in Turkey compared to the previous year, with a total sales volume of 1,225,926 apartments. Istanbul led in terms of the number of transactions with 198,739, accounting for 16.2% of the market share. It was followed by Ankara with 114,432...

In 2023, Turkey registered 1,107,032 foreigners who received residence permits in the country. This number is 250,000 less than in 2022. Citizens of Turkmenistan lead the list of nationalities, displacing Russians from their previous leading positions. In 2023, citizens of Turkmenistan received...

As of January 1, a new law came into effect in Turkey that regulates the short-term rental of real estate for tourism purposes. The changes introduced require mandatory approval from the Ministry of Tourism. This approval will only be granted if all owners of apartments in an apartment building...

The Turkish DenizBank has announced the launch of a mortgage lending scheme for foreign citizens, marking a significant change in the country’s banking practices. Previously, foreigners were unable to take out mortgages in Turkey. According to the terms of the new scheme, mortgage loans are...

The Turkish Republic's Migration Directorate has reported on foreign residents for 2023. Last year saw a reduction in residence permit holders from 1.35 million to 1.11 million. With 250,000 foreign nationals leaving the country, there was a change in the national composition of expatriates:...

The number of new construction permits issued in Turkey grew in 2023. This means an increase in the number of new projects that will be commissioned in 2024. However, this is not enough to meet current needs. Turkey has been leading the world in price growth over the past 2.5 years. Real estate...

Tenants across Turkey have long complained about the rapid increase in rental prices in the housing market. According to a market analysis conducted by Bahçeşehir University's Center for Economic and Social Research (BETAM) in December, despite a slight decrease, accelerating inflation,...

According to statistics for the first 10 months of 2023, 994,000 residential properties were sold in Turkey. This is 14% less than in this period of 2022. On average, the sales figures for the last three years ranged from 1.4 million to 1.5 million housing units per year. Experts attribute the...