Yekta Homes news

Since May 5, 2022, foreign nationals wishing to obtain a residence permit by purchasing housing are required to buy a property no cheaper than: $75,000 if it is located in one of the country’s 30 major population centers; $50,000 if it is located in small settlements. The first group...

For the past year, the growth of real estate sales reached 116% in Turkey. The first two months of this year showed that the housing demand is not declining. As of February, the sales growth has already reached 20%. 70% of the total volume was transactions with ready-made properties. If the initial...

The Turkish government has decided to increase the minimum cost of buying real estate for foreign nationals to obtain citizenship. If some time ago they could buy a house or apartment for $250,000, now only investors who purchase real estate for $400,000 will become citizens of the country. The...

The cost of renting real estate in Antalya has increased 3-4 times. If earlier it was possible to rent apartments at the resort for $173 per month, now this price is $720 (as of 5 May 2022). Moreover, the demand for buying real estate has increased in the country: many buyers consider the purchase...

Antalya's resorts are running out of vacant housing that could be rented. It was sold out by foreign nationals. Turkish residents report a real estate boom in Antalya. Meanwhile, as demand grew, prices also increased: the resort is more expensive than Istanbul, which has always been considered the...

According to real estate experts, the main driving force behind the change in real estate prices is panic: panic buying and selling of real estate. This is obvious in the secondary housing market, which accounts for 70% of all housing sales in the country. Record inflation and economic instability...

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...