Yekta Homes news

Thanks to the continued inflow of overseas tourists, Turkey's Mediterranean paradise has experienced its greatest summer since the coronavirus pandemic. Most of the foreign visitors were from European nations. The number of foreign tourists to the southern resort town since the beginning of 2022 has...

The total value of real estate sold to foreigners this year is expected to reach almost $7.5 billion. The Turkish market will enter the top 10 in the world. Over the past two years, foreign buyers have purchased many local residential and commercial properties. Last year, Turkey earned almost $6...

According to Hurriyet Daily News, offers from developers do not keep up with the tripled demand. Despite the rise in real estate prices in Turkey, apartments and houses find their owners in a short time. It is estimated that at least 800,000 new buildings are needed to meet consumer demand, while...

The first half of the year saw a record-breaking increase in real estate sales to foreigners. In comparison to the same period in 2021, demand roughly doubled. In July, the Russians took first place for the purchase of Turkish housing stock. A total of 2,455 transactions were concluded with...

According to the Turkish statistical database, almost 4,900 Russian-speaking investors concluded real estate transactions between February to June of this year to obtain the right to citizenship. The investment citizenship program provided for investments in real estate for at least $250,000. In...

According to Knight Frank, Turkey ranks first in the world in real estate price growth in the first quarter of 2022. The analytical review examines data from 56 countries. The rate of cost increase in the first quarter of 2022 reached 110%. The Czech Republic (25.9%) and Slovakia (22.1%) are in...

Compared to last May, housing prices in Turkey rose by 145.5%. Since April, they have increased by 12.5%. According to the country's Central Bank, this growth rate after inflation is 41.1%. In May, the average cost per square meter of housing reached $670. Istanbul has the highest price increase....

According to new information from the Turkish Statistical Institute (TurkStat) dated July 29, 2022, Domestic tourism spending in Turkey rose by 100.4% between January and March 2022 compared to the same period in 2021. These data showed that expenditures reached 12.1 billion Turkish liras (about...

Residents of Istanbul and Antalya are concerned by unrestricted sales of real estate to other nationals. As of July 1, 2022, the list of communities with restrictions on foreign citizens’ residence was extended by 50%. It used to include fewer than 800 districts but now their number increased...

Market researchers found out that the demand of Russian citizens for foreign housing had increased by 61% in the first half of 2022. According to the survey, the leading countries were also revealed, where residents of the Russian Federation send assets the most. These states are Turkey, Spain, and...