Rents in Turkey have Risen by 9 Percent

Rents in Turkey have Risen by 9 Percent

Rental prices have risen by approximately 9 percent in Turkey, in the last one year. This increase has been reflected as 50 Liras on the budget of an average family. On the other hand, the increase in rents has reached 70 Liras in metropolises, such as Istanbul. According to the data of the Turkish Statistics Authority […]

Foreign Investors have Bought 4.5 Billion Dollars of Homes

Foreign Investors have Bought 4.5 Billion Dollars of Homes

Mehmet Büyükekşi, the Chairman of the Turkish Council of Exporters (TIM), underlined the fact that foreign investors are showing a great interest in the housing sector in particular, and announced that they have purchased close to 4.5 billion dollars of homes since the law on reciprocity. Büyükekşi spoke on the last day of the “Turkish […]

Turkey House Prices Risen by 61 Percent in 3 Years

Turkey House Prices Risen by 61 Percent in 3 Years

According to the data from the last 3 years, Turkey is in the 2nd place behind Hong Kong in terms of house price increases. While the dollar rate, the heat of which has not dampened down one way or another, has been effective in these increases, the high demand from individuals is also triggering the […]

Real Estate Investment on the Rise

Real Estate Investment on the Rise

Mustafa Baygan, the Turkish coordinator of the international consultancy giant ERA Real Estate, stated that the fluctuations in the price of gold and the increase in foreign currency rates had directed those wishing to evaluate their savings to real estate purchases, and added, “Investors who have exchanged their foreign currencies have gravitated towards homes of a medium […]

Gulf Investor Interest in Turkey Continuing

Gulf Investor Interest in Turkey Continuing

Sulaiman Al-Muhaidib, the Chairman of the Board of Directors of Al Muhaidib Group, one of the most influential investors of the Gulf, has paid a visit to Maslak 1453 real estate project. Muhaidib inspected their investments in Maslak 1453 on site. Stating that they had put the decision to invest back on the agenda after […]

New Instruments Needed for Turkish Real Estate to Reach World Standards

New Instruments Needed for Turkish Real Estate to Reach World Standards

The fast growing Turkish real estate sector needs instruments making a difference. While different instruments such as real estate investment funds and hotel room sales have been developed in recent periods, the sector still has an expectation for new instruments. Gürler Ünlü, the Chairman of the Strategy Platform for Real Estate (GISP), emphasizes the need […]

When is Profit Made in Real Estate?

When is Profit Made in Real Estate?

There are a considerable amount of investors in Turkey. As a community which has been raised with the principle of “having a property of one’s own”, the idea of buying a home is planted within our genes, even if we do not actually buy one. On the one hand, everyone in Turkey is in a […]

Turkish Construction Sector Competes with Europe

Turkish Construction Sector Competes with Europe

Expatriates, who work abroad with the hope of returning home one day have started to redirect their savings to their home towns together with the great progress made in the real estate sector. Interior Architect Murat Altuntaş, stated that branded projects being built in almost every town of the country have also drawn the attention […]

Urban Transformation Requires 800 Thousand Homes to Be Produced a Year

Urban Transformation Requires 800 Thousand Homes to Be Produced a Year

Ali Dumankaya, the Chairman of the Board of directors of DKY Construction has stated that there is a need to produce 800 thousand homes a year in order to meet the existing requirements together with the regeneration needed through urban transformation. Dumankaya also added, “As a minimum, 1 million 150 thousand homes are sold in Turkey […]

Uğur Dumankaya | Equilibriums Might Change

Uğur Dumankaya | Equilibriums Might Change

“Negative factors might affect the whole world” Uğur Dumankaya, the Chairman of the Board of Directors of Dumankaya Construction, who stated his opinions on subjects such as the early election, the increase in the exchange rates and the reactions of the markets in Turkey, within the framework of the developments being experienced in the world […]