Yekta Homes news

Turkey has various visa programs for foreigners to invest in local real estate, including an investment visa (The Turkey Citizenship-by-Investment Program). To get a "golden passport" or "golden visa" in the country, overseas investors need to invest at least $250,000 in the real estate sector and...

Companies in the cement industry have become the target of a massive investigation by the Turkish authorities. The Ministry of Trade has established a group to examine allegations of unreasonable price gouging and violations of market trading rules. Real estate prices began to skyrocket against...

Turkish construction sector showed the annual growth of 4.76% (2021–2022) in 2022. The sector is expected to grow further by $51.64 billion between 2022 and 2026 based on the current market situation. The compound annual growth rate (CAGR) will be 5.08%. The main force with the most revenue...

The sanctions imposed on Russia will affect the housing market and transform the list of countries for real estate transactions. What place will Turkey take in it? Due to the fact that countries are closing the skies for Russian aircraft flights, and EU countries are stopping issuing passports for...

Landlord-tenant litigation has become the largest case in the Turkish judicial system. About 20% of all cases are related to housing conflicts. Inflation peaked at 54.4% in February 2022. Growth is expected to continue in the coming months. Moreover, rental rates last year increased by an average...

In January, Russian citizens purchased 479 properties out of 4186 sold in this period. Iranians and Iraqis became the leaders among buyers. Sales growth reached 56.5%. On the part of local residents, this indicator was only 25% year-on-year. For foreigners, there is another interesting news: Real...

In Istanbul, the capital of Turkey, the annual increase in rental rates for January 2022 was 97.7%. The rental price of one square meter has reached TRY 44. The annual growth in January this year was 13.1% higher than the growth in December 2021. The price increase also affected the real estate...

Data published last week show that about 30 million people visited the republic last year. Among the visitors are returning Turkish citizens permanently residing abroad. Tourists brought about USD 25,000,000,000 to the economy in 2021, which amounted to an annual growth of 103%. The figures are...

Among foreigners who purchased housing in 2021, 22% did so to get citizenship in the republic. The property value required by law must exceed USD 250,000. In the past year, expats bought 68,168 housing units, the number includes residential real estate. EVA, a real estate valuation consulting...

According to the Institute of Statistics of Turkey, in 2021, the number of transactions for the purchase of Turkish real estate by Europeans increased by 75% compared to a year earlier. The Europeans were in 3rd place after the Iranians and Iraqis in the number of transactions made. But it became...