Real Estate News in Turkey

House prices in Turkey increased by 38.7% in nominal terms (in local currency) in July 2024 compared to July 2023.

In the first half of 2024, 2.85 times more passengers arrived from Russia to Istanbul than in pre-COVID 2019, which, by the way, was a record year in terms of tourist flow from the Russian Federation, ATOR reports.

It will soon be possible to conclude a rental agreement for an apartment in Turkey digitally through the E-Devlet e-government portal.

Due to the benefits of its strategic and geographical location, Turkey is a nation that draws a lot of interest from outsiders. However, foreigners must apply for a residency permit in Turkey if they wish to work or live in our nation.

Expecting a total amount of nearly $7.5 billion in sales to foreigners this year, the Turkish property market ranks among the top 10 in the world, according to an executive of a sectoral association.

Foreigners residing for a long time in the southern province of Antalya have started to work illegally as real estate agents to sell or rent properties with a 10 percent commission through social media groups amid the increasing demand of Ukrainians and Russians to reside in the city.

With elections finally over, Türkiye’s real estate market is showing signs of picking up again as companies unveil new projects they had previously put on hold.

Antalya, one of Türkiye’s most popular holiday spots where foreigners heavily buy residential properties, has also become a magnet for international investments.