Property News

The Turkish Statistical Institute (TUIK) has published its report on real estate sales statistics for 2024. A Total of 1,478,025 Properties Sold in Turkey in 2024 In 2024, 1,478,025 residential properties were sold in Turkey, reflecting a 20.6% increase compared to 2023. Istanbul recorded the highest number of sales with 239,213 properties. Ankara and Izmir...

The General Directorate of Land Registry and Cadastre has introduced the 3D City Models Production and 3D Cadastre Base Formation Project to modernize property registration and planning processes. Starting January 1, 2025, architectural plans and 3D digital building models must be submitted in a secure electronic format for all condominium-related transactio...

Sales in Turkey’s housing market slowed during 2023, with declines in total transactions, mortgage-financed purchases and sales to foreigners. This review brings together the annual results and the final month of the year from TÜİK’s December 2023 release. The year in figuresA total of 1,225,926 homes changed hands, 17.5% fewer than in 2022. Istanbul led wit...

Overview of the 2023 Turkish Property Market A notable rise in property prices has been noticed since early 2023, with an increase of 109%. By August 2023, the average price for a home in Turkey reached about $100,316. This is a sharp increase from the end of summer 2022, when the average was $81,510, and the annual price growth was even more rapid at 203%....

Alanya, a coastal city on the southern coast of Turkey, is a popular destination among international and Turkish buyers looking for luxurious and modern properties. The real estate purchase and sale in Alanya is made with Pounds, Dollars, or Euros nowadays there are more foreign investors compared to previous years. Although local buyers have made fewer prop...