Alanya
+18°C
25°C
2188apartments on site

New construction regulations could further boost Turkish property prices

  • 19.01.2023
  • New construction regulations could further boost Turkish property prices photo-1 4562
  • New construction regulations could further boost Turkish property prices photo-2 0
  • New construction regulations could further boost Turkish property prices photo-3 0
New construction regulations could further boost Turkish property prices photo-4

In 2023, new construction standards are to be introduced in Turkey, on the basis of which the licensing of the residential facilities’ construction will be changed. The rules provide for the mandatory use of alternative electricity sources. The share of solar panels, wind turbines, and other similar elements should account for at least 5% of the electricity generated. For buyers, this opens up opportunities for additional savings on electricity bills. However, for builders, such an innovation entails additional costs. The latter, of course, will be included in the cost of housing, which will lead to an increase in real estate prices.

Comments
Leave comment
Read also
  • New construction regulations could further boost Turkish property prices photo-5
    Alanya Municipality will start the second phase of the reconstruction of Atatürk Street in the city centre on 2 November. The work will cover the section from the Atatürk Monument to the district office of the Highways Directorate (Karayolları). The order of works was agreed on 14 October...
    22.10.2026
  • New construction regulations could further boost Turkish property prices photo-6
    On January 1, 2023, amendments to the legislation on obtaining citizenship by investment when buying real estate came into force. The key change that may be unfavorable for foreigners is that they will not be able to obtain citizenship when buying real estate in shares. If earlier spouses purchased...
    12.01.2023
  • New construction regulations could further boost Turkish property prices photo-7
    The Central Bank of Turkey released analytical data on the results of October 2022. The local currency price index rose by 5.4% this month. The annual increase was 188%. At the same time, new housing has risen in price by 177.4%, and secondary housing has increased in price by 190% compared to the...
    05.01.2023
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer