The Turkish Statistical Institute (Turkstat) has published statistics for August. Russians are in first place among foreigners who became owners of Turkish property. Russian citizens concluded 733 deals. This is more than twice as many as Iranians who bought 342 properties. The third place is...
According to the Turkish Land Registry Directorate, in August 2023, the total value of transactions in Turkish lira reached 5.1 billion. Over the month, 120,000 residential properties and 55,600 building plots were sold. Compared to July of this year, sales increased by 13%.
If we compare the...
The Turkish Banking Regulation and Supervision Agency (BDDK) has imposed a series of restrictions on those who plan to purchase a second property with a mortgage loan. It is believed that this measure will help stabilize the situation with rising prices. It is expected that a buyer who already owns...
According to the Turkish Statistical Institute (commonly known as TurkStat or TÜİK), foreign buyers purchased a total of 2,801 residential properties in July 2023. This number represents a 28.9% decrease compared to the previous year. Out of these properties, Russians bought the...
Representatives of the tourism industry in Alanya are proposing that the Ministry of Tourism implement a digital nomad visa program. This initiative is believed to be beneficial in maintaining a consistent occupancy rate for hotels and rental properties in Alanya throughout the year.
The current...
The Central Bank of the Republic of Turkey has released the latest data on the country's real estate market in June of this year. According to the results, housing prices have gone up by 4.8% over the month and have seen an annual growth rate of 95.9%. It is important to note that...
In July, the results of housing sector performance were summed up. Russians once again topped the list of foreign buyers in the Turkish real estate market, despite a decrease in sales that reached a record low in the past two years.
According to Turkish Statistical Institute (commonly...
According to the results of the first half of 2023, the cost of real estate in Turkey continues to grow at such a pace that the country ranks first in the world according to the global growth index.
Turkey has no competitors with annual figures reaching 138%. Even the sad events of the spring,...
The return on housing in Turkey has risen, boosted by higher rentals. Experts highlight a drop in terms of investments in real estate in Turkey from 25 to 20 years on average across the country, but return rates vary by location and look like this:
in Ankara – 17 years;
in Mersin –...
Ozgur Erbas, president of the Association of Realtors of Antalya, announced a record rise in the number of Russians in Alanya, particularly in Mahmutlar. "Today, we can easily call Mahmutlar the Russian district of Alanya," he stated in an interview on the real estate market situation.
He observed...
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