Euro rates
  • USD/RUB111.4502
  • GBP/RUB136.0114
  • TRY/RUB5.9793
  • EUR/RUB117.201
Alanya
+12°C
2018apartments on site

Real estate values in Turkey are steadily on the rise

  • 02.08.2021
  • 1601
  • 0
  • 0
Real estate values in Turkey are steadily on the rise The popularity of Turkish real estate affects prices increase. Over the past year, an increase in demand led to an increase in prices for primary and secondary housing by almost 30%. The changes also affected the lease. The Turkish authorities have set the maximum possible increase in rent. As of July, it should not exceed 14.55%. However, the requirement applies only to renewable contracts. If the property is rented out to a new tenant, no restrictions apply. This allowed the owners to increase their prices at a record. The increase was especially evident in the central regions of the country and resort areas. The rental price in a number of cities has increased up to 70%.
Read also
  • More than 11 million foreigners visited Antalya in the past nine months
    Following the start of the COVID-19 pandemic, Turkey is facing the busiest period since all restrictions were removed. According to the Provincial Department of Culture and Tourism, from January 1 to September 30, 11.27 million tourists visited Antalya. This number grew by 57% in comparison with the...
    27.10.2022
  • In June, there is an increase in demand for secondary housing in Turkey
    Due to the decline in the construction of new real estate in Turkey and the global pandemic, buyers found themselves in a situation of limited choice. Apartments in new buildings are still popular, but their range is not able to fully satisfy all the wishes of buyers. In June, according to the sales...
    19.07.2021
  • Mortgage loans lose cash payment when buying real estate in Turkey
    Unstable economic situation in the world has had a direct impact on real estate mortgage lending. And although the rate on property loans in Turkey is quite low, an increasing number of real estate buyers prefer to pay cash for the apartments purchase. In June, mortgage transactions accounted...
    12.07.2021
Free consultation

Schedule a consultation with our real estate experts

Vildan van Welsen
Sales representative