On 23 April 2025, an earthquake struck Istanbul, with the strongest tremor measuring 6.2 on the Richter scale. Following this, 200 weaker aftershocks were recorded. Although there were no fatalities, several hundred people were hospitalised.
Many residents began looking for earthquake-resistant...
The 6.2-magnitude earthquake that hit Istanbul on 23 April 2025 led to a rise in demand for 'safe homes' situated at lower altitudes or in regions with lower seismic risk. There was also increased demand for housing and land outside the city centre.
The earthquake caused panic in Istanbul, forcing...
In sum, the average price of Turkish real estate is currently equivalent to 14.2 years of work with regular receipt of the established minimum wage, as noted by analysts. The figure was calculated based on the level of the minimum wage as of March 2025.
The Turkish Central Bank (CBRT) presented...
According to the latest real estate rent index calculated by the OECD based on March results, rental fee inflation in Turkey reached 96.25% in the first quarter of this year compared to the previous quarter. This is the highest rate among OECD member countries. In second place is Hungary with a rent...
In March 2025, Turkey again saw an increase in real estate values. According to the country's Central Bank (CBRT), the house price index increased by 2.03% month-on-month and 32.34% year-on-year, the highest since August last year.
Despite the nominal increase, the real value of housing, adjusted...
Turkish construction media report that the Trump-led US administrative duties imposed on Mexico, Canada and China have had an unexpected beneficial effect on the prices of some materials. For example, the cost of iron and rebar fell by 5%. Experts in Turkey's construction industry say that the...
Russian citizens bought 275 residential properties in Turkey in March 2025, an increase of 7.4% compared to February, but 33.1% less than in March last year. According to the Turkish Statistical Institute (TurkStat), a total of 1,574 properties were purchased by foreigners this month, down 11.5%...
Turkey is actively developing its transportation infrastructure, and one of the most important projects is the construction of the YHT high-speed rail network, which will connect the central regions of the country with the southern coast. Special attention is paid to the branch connecting the...
For those who have previously submitted documents and know how to do it, everything remains the same - you can continue to visit the immigration service according to the usual scheme.
However, for those who are unfamiliar with the procedure or simply have concerns, there is now an option to submit...
In nominal terms, the price index for residential real estate increased by 31.3% compared to February last year.
However, this growth was below the inflation rate, which amounted to 39.05% for the same period.
As a result, adjusted for inflation, the real value of housing fell by 5.6%.
Nominal...
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